# EDGAR Filing Document

**Accession Number:** 0000727207
**File Stem:** 0001104659-25-079855
**Filing Date:** 2025-8
**Character Count:** 719840
**Document Hash:** ef41fe6a58aa13e5d4cf08babc967bb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-079855.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001104659-25-079855

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250808

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Bankruptcy or Receivership

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Accelerate Diagnostics, Inc
- **CENTRAL INDEX KEY:** 0000727207
- **STANDARD INDUSTRIAL CLASSIFICATION:** LABORATORY ANALYTICAL INSTRUMENTS [3826]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 841072256
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31822
- **FILM NUMBER:** 251228576

**BUSINESS ADDRESS:**
- **STREET 1:** 3950 S. COUNTRY CLUB ROAD #470
- **STREET 2:** BUILDING 3-307
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85714
- **BUSINESS PHONE:** 303-863-8088

**MAIL ADDRESS:**
- **STREET 1:** 3950 S. COUNTRY CLUB ROAD #470
- **STREET 2:** BUILDING 3-307
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85714

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACCELR8 TECHNOLOGY CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYDRO SEEK INC
- **DATE OF NAME CHANGE:** 19880802

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

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| | |
|:---|:---|
| Date of Report (Date of earliest event reported) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**August 8, 2025** |

---

**Accelerate Diagnostics, Inc.**

(Exact name of registrant as specified in its charter)

**Delaware**

(State or other jurisdiction of incorporation)

---

| | |
|:---|:---|
| **001-31822** | **84-1072256** |
| (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **3950 South Country Club Road, Suite 470, Tucson, Arizona** | **85714** |
| (Address of principal executive offices) | (Zip Code) |

---

**(520) 365-3100**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| Title of each class | Trading Symbol |
| **Common Stock, $0.001 par value per share** | **AXDXQ** **\*** |

---

\* On May 15, 2025, the registrant's common stock was suspended from trading on The Nasdaq Capital Market. On May 15, 2025, the registrant's common stock began trading on the OTC Pink marketplace maintained by the OTC Markets Group, Inc. under the symbol "AXDXQ."

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

---

| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

---

As previously disclosed, on May 8, 2025, Accelerate Diagnostics, Inc., a Delaware corporation (the "<u>Company</u>"), and its US subsidiary, Accelerate Diagnostics Texas, LLC (collectively, with the Company, the "<u>Company Parties</u>"), filed voluntary petitions for relief (the "<u>Bankruptcy Petitions</u>") under Chapter 11 of the United States Code (the "<u>Bankruptcy Code</u>") in the United States Bankruptcy Court for the District of Delaware (such court, the "<u>Court</u>" and such cases, the "<u>Cases</u>").

As previously disclosed, on May 30, 2025, the Company Parties entered into a "stalking horse" asset purchase agreement (the "<u>Asset Purchase Agreement</u>") with an affiliate of Indaba Capital Management, L.P. ("<u>Indaba</u>"), the Company's existing secured noteholder (the "<u>Buyer</u>") to sell substantially all of the assets of the Company (the "<u>Sale Transaction</u>"). A copy of the Asset Purchase Agreement was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 4, 2025.

On July 14, 2025, the Court entered an order approving the Sale Transaction.

On August 8, 2025, the Company Parties entered into an Amended and Restated Asset Purchase Agreement (the "<u>A&R Asset Purchase Agreement</u>"). The A&R Purchase Agreement modifies the Asset Purchase Agreement to, among other things, provide that the Buyer will acquire certain assets and liabilities of the Company rather than acquiring substantially all of the assets of the Company. The foregoing description of the A&R Asset Purchase Agreement does not purport to be complete and is qualified in its entirety be reference to the A&R Asset Purchase Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated by reference into this Item 1.01.

On August 8, 2025, the Company and Buyer consummated the Sale Transaction.

---

| | |
|:---|:---|
| **Item 1.03** | **Bankruptcy or Receivership.** |

---

On August 13, 2025, the Court entered an order (the "<u>Confirmation Order</u>") confirming the *Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation for Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC*, dated July 10, 2025 (as amended, modified, or supplemented from time to time, the "<u>Plan</u>"). After satisfaction or waiver of the conditions precedent to the effectiveness of the Plan, the Company Parties intend to effect the transactions contemplated by the Plan. A copy of the Confirmation Order (to which the Plan is attached as Exhibit A) is attached as Exhibit 10.2 hereto and is incorporated by reference into this Item 1.03. Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Plan.

The Plan incorporates by reference certain documents filed with the Court as part of a plan supplement, as the same have been amended from time to time prior to confirmation of the Plan and may be further amended prior to the effective date of the Plan (the "<u>Effective Date</u>") or as otherwise set forth in the Plan (including the plan supplements) or the Confirmation Order.

The Company Parties currently expect that the Effective Date of the Plan will occur on or about August 18, 2025 or as soon as reasonably practicable thereafter, although the Company Parties can make no assurances as to when the Plan will become effective.

As of the date of the Confirmation Order, the Company had approximately 25,477,516 shares of common stock issued and outstanding and no shares of common stock are reserved for future issuance in respect of claims and interests filed and allowed under the Plan. On the Effective Date, and in accordance with the Plan, all outstanding shares of common stock of the Company (including shares of common stock issuable under equity awards granted under the Company's equity incentive plans) and warrants exercisable for shares of common stock of the Company will be canceled and discharged and holders of such equity interests will not receive or retain any property on account thereof.

---

| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets.** |

---

The information contained in Item 1.01 of this Current Report on Form 8-K (this "<u>Form 8-K</u>") is incorporated by reference in this Item 2.01.

The Company is currently unable to prepare pro forma financial information reflecting the Sale Transaction without unreasonable effort or expense, and therefore such information is not reasonably available to the Company within the meaning of Rule 12b-21 under the Securities Exchange Act of 1934, as amended.

**Cautionary Note Regarding the Company's Common Stock**

Pursuant to Confirmation Order and the Plan, all outstanding shares of common stock of the Company (including shares of common stock issuable under equity awards granted under the Company's equity incentive plans) and warrants exercisable for shares of common stock of the Company will be canceled and discharged and holders of such equity interests will not receive or retain any property on account thereof.

Except as required by law, the Company disclaims any obligation to publicly update such statements.

**Forward-Looking Statements** 

This Form 8-K includes statements that are, or may be deemed, "forward-looking statements." In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should," "approximately" or, in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These forward-looking statements reflect the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements that we make in this Form 8-K speak only as of the date of such statement, and we undertake no obligation to update such statements to reflect events or circumstances after the date of this Form 8-K or to reflect the occurrence of unanticipated events. The Company's forward-looking statements in this Form 8-K include, but are not limited to, statements about the anticipated Effective Date and the Company Parties' intent to effect the transactions contemplated by the Plan. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit<br> **Number** | **Description** |
| [10.1](tm2523695d1_ex10-1.htm) | [Amended and Restated Asset Purchase Agreement, dated August 8, 2025, by and between Accelerate Diagnostics, Inc., Accelerate Diagnostics Texas, LLC and Indaba Starling, LLC.](tm2523695d1_ex10-1.htm) |
| [10.2](tm2523695d1_ex10-2.htm) | [Findings of Fact, Conclusions of Law, and Order Approving Adequacy of Disclosures on a Final Basis and Confirming the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC Pursuant to Chapter 11 of the Bankruptcy Code.](tm2523695d1_ex10-2.htm) |
| 104 | Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | ACCELERATE DIAGNOSTICS, INC.<br> (Registrant) |
| Date: August 18, 2025 |  |
|  | /s/ Jack Phillips |
|  | Jack Phillips |
|  | President and Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

***Execution Version***

**AMENDED and Restated ASSET PURCHASE AGREEMENT**

**by and among**

**Accelerate Diagnostics, Inc., Accelerate Diagnostics Texas, LLC, and**

**Indaba Starling, LLC**

**Dated as of August 8, 2025**

------

---

| | | |
|:---|:---|:---|
| **TABLE OF CONTENTS** | **TABLE OF CONTENTS** | **TABLE OF CONTENTS** |
|  |  | **Page** |
| ARTICLE I DEFINITIONS | ARTICLE I DEFINITIONS | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 | Certain Defined Terms | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 | Construction | 19 |
| ARTICLE II SALE AND PURCHASE OF ASSETS; LIABILITIES | ARTICLE II SALE AND PURCHASE OF ASSETS; LIABILITIES | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 | Sale of Purchased Assets | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 | Liabilities | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 | Consideration | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 | Closing | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 | No Offset | 30 |
| ARTICLE III REPRESENTATIONS AND WARRANTIES | ARTICLE III REPRESENTATIONS AND WARRANTIES | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 | Representations and Warranties of Sellers | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 | Representations and Warranties of Buyer | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 | Exclusivity of Representations | 44 |
| ARTICLE IV PRE-CLOSING COVENANTS | ARTICLE IV PRE-CLOSING COVENANTS | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 | Access and Information | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 | Ordinary Course of Business | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 | Notification of Certain Matters | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 | Obligation to Consummate the Transaction | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 | Filings; Other Actions; Notification and Cooperation | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 | Confidentiality | 52 |
| ARTICLE V ADDITIONAL COVENANTS | ARTICLE V ADDITIONAL COVENANTS | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 | Further Assurances | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 | Publicity | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 | Certain Tax Matters | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 | Accounts Payable | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 | Wrong Pockets | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 | Purchased Intellectual Property and Purchased Regulatory Approvals | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 | Bankruptcy Court Filings and Approval | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 | Copies of Pleadings | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9 | Books and Records | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10 | Assumption of Regulatory Commitments; Transfer of Purchased Regulatory Approvals | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11 | Trade Notification | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12 | Employee Matters | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13 | Access to Insurance Policies | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.14 | Transition Services Agreement | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15 | Seller Disclosure Schedules | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.16 | Access | 64 |

---

- i -

---

| | | |
|:---|:---|:---|
| ARTICLE VI CONDITIONS PRECEDENT | ARTICLE VI CONDITIONS PRECEDENT | 64.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 | Conditions to Obligations of Buyer and Sellers | 64.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 | Conditions to Obligations of Buyer | 65.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 | Conditions to Obligations of Sellers | 66.0 |
| ARTICLE VII NO SURVIVAL OF REPRESENTATIONS, WARRANTIES AND PRE-CLOSING COVENANTS | ARTICLE VII NO SURVIVAL OF REPRESENTATIONS, WARRANTIES AND PRE-CLOSING COVENANTS | 67.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 | No Survival | 67.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 | No Recourse | 67.0 |
| ARTICLE VIII TERMINATION | ARTICLE VIII TERMINATION | 68.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 | Termination | 68.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 | Procedure and Effect of Termination | 69.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 | Expense Reimbursement | 70.0 |
| ARTICLE IX MISCELLANEOUS | ARTICLE IX MISCELLANEOUS | 71.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 | Governing Law, Jurisdiction, Venue and Service | 71.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 | Notices | 72.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 | No Benefit to Third Parties | 73.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 | Waiver | 73.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 | Expenses | 73.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 | Assignment | 74.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 | Amendment | 75.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 | Severability | 75.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9 | Equitable Relief | 75.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10 | No Liability | 75.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.11 | English Language | 75.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.12 | Bulk Sales Statutes | 76.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.13 | Representation by Counsel | 76.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.14 | Counterparts | 76.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.15 | Entire Agreement | 76.0 |

---

- ii -

**AMENDED and restated ASSET PURCHASE AGREEMENT** (as amended, modified, or supplemented this "**Agreement**") is made and executed as of August 8, 2025 (the "**Execution Date**"), by and among Accelerate Diagnostics, Inc., a Delaware corporation (the "**Company**"), Accelerate Diagnostics Texas, LLC, a Texas limited liability company (together with the Company, "**Sellers**"), and Indaba Starling, LLC, a Delaware limited liability company ("**Buyer**"). Sellers and Buyer may be referred to herein individually as a "**Party**" and collectively as the "**Parties**." This Agreement amends and restates in its entirety that certain Asset Purchase Agreement (the "**Original Agreement**"), dated as of May 30, 2025 (the "**Original Execution Date**"), by and among the Parties.

**RECITALS**

**WHEREAS**, Sellers and their Subsidiaries are engaged in the Business;

**WHEREAS**, on May 8, 2025 (the "**Petition Date**"), Sellers sought relief under Chapter 11 of Title 11 of the United States Code, 11 U.S.C. §§ 101 *et seq.* (as amended, the "**Bankruptcy Code**") by filing cases (the "**Chapter 11 Cases**") in the Bankruptcy Court;

**WHEREAS**, the Parties previously entered into the Original Agreement, dated as of the Original Execution Date, setting forth the terms and conditions upon which Sellers would sell to Buyer, and Buyer would purchase from Sellers, certain assets and rights associated with the Business;

**WHEREAS**, the Parties now desire to amend the Original Agreement in its entirety as set forth herein, in order to, *inter alia*, (a) revise the definitions of the Purchased Assets and Excluded Assets and (b) confirm that AST Revolution and Saguaro Ridge will each be a Designated Purchaser, in accordance with <u>Section 9.6.2</u>;

**WHEREAS**, Sellers desire to sell to Buyer, and Buyer desires to purchase from Sellers, certain of their assets and rights associated with the Business, upon the terms and conditions hereinafter set forth; and

**WHEREAS**, the Purchased Assets and Assumed Liabilities are assets and liabilities of Sellers and their Subsidiaries which are to be sold and assumed pursuant to the Sale Order and this Agreement, free and clear of all Encumbrances and Liabilities except Assumed Liabilities and Permitted Encumbrances, which Sale Order will include the authorization for the assumption and assignment of certain executory contracts and unexpired leases and liabilities thereunder under section 365 of the Bankruptcy Code, all in the manner and on the terms and subject to the conditions set forth herein and in accordance with other applicable provisions of the Bankruptcy Code.

**NOW, THEREFORE**, in consideration of the mutual benefits to be derived from this Agreement, the representations, warranties, conditions, agreements and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

**Article I<br> DEFINITIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1** **Certain Defined Terms**. As used herein, the following terms shall have the following meanings:

"**Accounting Firm**" has the meaning set forth in <u>Section 2.3.3</u>.

"**Accounts Receivable**" means all amounts (whether current or non-current) related to the Purchased Assets or Sellers and their Subsidiaries that constitute, as of the Closing, accounts receivable, trade receivables, notes receivable and other rights or indebtedness due and owed by any Third Party to Sellers or any of their Subsidiaries (including all credit card receivables, funds in transit, deposits and other receivables from customers and other payments/fees, allowances due from landlords under (and rent accounts receivables with respect to) any Leased Real Property, general vendor rebates, and discounts and credits and all other amounts owed to Sellers), in each case, whether billed or unbilled, recorded or unrecorded, written off or not written off.

"**Acquired Entities**" means Accelerate Diagnostics B.V., Accelerate Diagnostics B.V. – UAE Branch, Accelerate Diagnostics, S.L., Accelerate Diagnostics S.r.l, Accelerate Diagnostics GmbH, Accelerate Diagnostics SARL, and Accelerate Diagnostics PTY LTD.

"**Affiliate**" means, with respect to a Person, any other Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such first Person, and a Person shall be deemed to be controlled by another Person if controlled in any manner whatsoever that results in control in fact by that other Person (or that other Person and any Person or Persons with whom that other Person is acting jointly or in concert), whether directly or indirectly. For purposes of this definition, "control" and, with correlative meanings, the terms "controlled by" and "under common control with" mean, when used with respect to any specified Person, (a) the possession, directly or indirectly, of the power to direct the management or policies of that Person, directly or indirectly, whether through the ownership of securities, by trust, by contract, or otherwise or (b) the ownership, directly or indirectly, of more than 50% of the voting securities or other ownership interest of a business entity (or, with respect to a limited partnership or other similar entity, its general partner or controlling entity).

"**Agreement**" has the meaning set forth in the preamble hereto, and includes all schedules and exhibits hereto, and all instruments supplementing, amending, modifying, restating or otherwise confirming this agreement, to be entered into on the Closing Date, in customary forms reasonably satisfactory to Sellers and Buyer.

"**Allocation**" has the meaning set forth in <u>Section 2.3.3</u>.

"**Alternative Transaction**" means any sale, transfer, other disposition, directly or indirectly, including through an asset sale, share sale, share exchange, merger, consolidation, business combination, amalgamation, foreclosure, reorganization, recapitalization, liquidation, or dissolution or other transaction, including a plan of reorganization approved by the Bankruptcy Court, or resulting from the Auction, of all or substantially all of the Purchased Assets and the Business, in a single transaction or a series of related transactions, with one or more Persons other than Buyer that Sellers have determined in their good faith business judgment after consultation with their independent financial advisor of nationally recognized reputation and outside legal counsel, and taking into account all legal, financial (including the financing terms of any such proposal), conditionality, regulatory, timing and other aspects of the proposed Alternative Transaction and the Person making the proposal, would (i) if consummated, result in a superior transaction for Sellers from a financial point of view, and (ii) be reasonably capable of being completed on the terms proposed (including, to the extent financing is required, such financing is then fully committed or reasonably capable of being obtained), in each case, other than the Transactions.

"**Ancillary Agreements**" means the Bill of Sale, and that certain Patent Assignment Agreement, Domain Name Transfer Agreement, Lease Assignment(s), Trademark Assignment Agreement, Mutual Release Agreement, Bid Direction Letter, and to the extent requested by Buyer prior to the Closing, the Transition Services Agreement, and any other agreements, certificates and other instruments delivered, given or contemplated pursuant to this Agreement.

"**Anti-Corruption Laws**" has the meaning set forth in <u>Section 3.1.18</u>.

"**Antitrust Laws**" has the meaning set forth in <u>Section 4.5.2</u>.

"**Appointee**" has the meaning set forth in <u>Section 8.1.10</u>.

"**Apportioned Obligations**" has the meaning set forth in <u>Section 5.3.2(b)</u>.

"**Approved Budget**" has the meaning ascribed to the term "Approved Budget" in the DIP Credit Agreement.

"**AST Revolution**" has the meaning set forth in Section 9.6.2.

"**Assumed Liabilities**" has the meaning set forth in <u>Section 2.2.1</u>.

"**Assumed Plans**" has the meaning set forth in <u>Section 5.12.2</u>.

"**Auction**" means the auction, if any, contemplated to be run in the sales process in connection with the Business pursuant to the Bidding Procedures Order.

"**Avoidance Actions**" means all avoidance claims, causes of action, or rights of recovery under Chapter 5 of the Bankruptcy Code or any other avoidance actions under the Bankruptcy Code or any other applicable state law equivalents.

"**Backup Bid Expiration Date**" has the meaning set forth in <u>Section 5.7.7</u>.

"**Backup Bidder**" has the meaning set forth in <u>Section 5.7.7</u>.

"**Bankruptcy Code**" has the meaning set forth in the recitals.

"**Bankruptcy Court**" means the United States Bankruptcy Court for the District of Delaware and any other court before which the Chapter 11 Cases are held.

"**Bankruptcy Rules**" means the Federal Rules of Bankruptcy Procedure and any local rules of the Bankruptcy Court.

"**Bid Direction Letter**" means the bid direction letter, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Bidding Procedures Motion**" has the meaning set forth in <u>Section 5.7.1</u>.

"**Bidding Procedures Order**" has the meaning set forth in <u>Section 5.7.1(a)</u>.

"**Bill of Sale**" means the bill of sale and assignment and assumption agreement, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Books and Records**" means all books, records, files, advertising materials, current and former customer and suppliers lists (and all data related thereto including contact information, transaction histories, and any and all demographic data), cost and pricing information, business plans, catalogs, customer literature, quality control records and manuals, research and development files, records and credit records of customers, correspondences, distribution and other mailings lists, photographs, computer data, manufacturing and quality control records and procedures, facilities and/or equipment plans and specifications, blueprints, data and laboratory books, intellectual property disclosures and tangible embodiments of intellectual property, media materials, accounting records, sales order files, litigation files, and other materials (in any form or medium and wherever held) to the extent used (or held for use) in or to the extent relating to the operation of the Business or the ownership of the Purchased Assets (including information relating to strategic plans and practices, accounting, financial or marketing plans, practices or programs, training practices and programs, salaries, bonuses, incentive plans and other compensation and benefits information and accounting and business methods), and including, for the avoidance of doubt, each of the foregoing to the extent owned or held by, or otherwise related to, any Subsidiary, but excluding the Excluded Books and Records.

"**Business**" means the business and operations of Sellers and their Subsidiaries as of the Closing.

"**Business Day**" means any day other than Saturday, Sunday or a day on which banking institutions in New York, New York are permitted or obligated by Law to remain closed.

"**Business Employee**" means each individual who is employed by Sellers or their Subsidiaries, including any Offer Employee.

"**Buyer**" has the meaning set forth in the preamble hereto.

"**Chapter 11 Cases**" has the meaning set forth in the recitals.

"**Claims**" mean, collectively, all rights, claims (as that term is defined in Section 101(5) of the Bankruptcy Code) and causes of action, whether class, individual or otherwise in nature, under contract or in law or in equity, known or unknown, contingent or matured, liquidated or unliquidated and all rights and remedies with respect thereto.

"**Closing**" has the meaning set forth in <u>Section 2.5</u>.

"**Closing Date**" has the meaning set forth in <u>Section 2.5</u>.

"**Code**" means the United States Internal Revenue Code of 1986, as amended.

"**Collective Bargaining Agreement**" has the meaning set forth in <u>Section 3.1.12(j)</u>.

"**Commercialization**" or "**Commercialize**" means any and all activities directed to the offering for sale and sale of the Products, including activities directed to storing, marketing, promoting, detailing, manufacturing, distributing, importing, exporting, seeking Regulatory Approvals, selling and offering to sell such Products. When used as a verb, "to Commercialize" and "Commercializing" means to engage in Commercialization and "Commercialized" has a corresponding meaning.

"**Company**" has the meaning set forth in the preamble.

"**Confidential Information**" has the meaning set forth in <u>Section 4.6</u>.

"**Continuing Employees**" has the meaning set forth in <u>Section 5.12.1</u>.

"**Convertible Roll-Up DIP Obligations**" has the meaning set forth in <u>the DIP Credit Agreement</u>.

"**Contract**" means any legally binding contract, agreement, obligation, lease, sublease, license, sublicense, regulatory license, undertaking, engagement, sales order, purchase order, instrument or other legally binding commitment.

"**Contract Objection**" has the meaning set forth in <u>Section 5.7.6</u>.

"**Contributors**" has the meaning set forth in <u>Section 3.1.9(e)</u>.

"**Copyrights**" has the meaning set forth in the definition of "Intellectual Property."

"**Credit Bid**" has the meaning set forth in <u>Section</u> <u>2.3.1</u>.

"**Cure Cost Certificate**" has the meaning set forth in <u>Section 2.3.2</u>.

"**Cure Costs**" shall mean the Liabilities and obligations that must be paid or otherwise satisfied by Buyer to cure all of Sellers' defaults under the Purchased Contracts necessary for the assumption thereof by Sellers and assignment to Buyer or a Designated Purchaser pursuant to Section 365 of the Bankruptcy Code, as provided herein and in the Sale Order.

"**Designated Purchaser**" has the meaning set forth in <u>Section 9.6.2</u>.

"**DIP Agent**" means Wilmington Savings Fund Society, FSB, in its capacity as Administrative Agent and Collateral Agent under the DIP Credit Agreement.

"**DIP Credit Agreement**" means the Multi-Draw Senior Secured Superpriority Debtor-In-Possession Credit Agreement, dated on or about the Original Execution Date, by and among (i) the Company, (ii) DIP Lenders, (iii) the other borrowers and guarantors party thereto, (iv) the lenders from time to time party thereto, and (v) the DIP Agent, as amended, restated, supplemented or otherwise modified from time to time.

"**DIP Lenders**" means all Persons who are lenders under the DIP Credit Agreement, each in its capacity as such.

"**DIP Loans**" has the meaning ascribed to the term "Loan" in the DIP Credit Agreement.

"**DIP Obligations**" has the meaning ascribed to the term "Obligations" in the DIP Credit Agreement.

"**DIP Order**" has the meaning ascribed to the term "DIP Order" in the DIP Credit Agreement, including the "**Interim DIP Order**" and the "**Final DIP Order**" (each as defined in the DIP Credit Agreement).

"**Domain Name Transfer Agreement**" means the domain name transfer agreement, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Employee Equipment**" mean all mobile phones, computers, and related peripherals owned by Sellers or their Subsidiaries and used by any Continuing Employee as of immediately prior to the Closing in connection with the Business, if any.

"**Encumbrance**" means any mortgage, lien (statutory or otherwise, including as defined in section 101(37) of the Bankruptcy Code), Claim, interest, encumbrance, license, sublicense, pledge, security interest, charge, hypothecation, restriction, claim of ownership, lease, sublease, option, right of use or possession, preference, encroachment, restrictive covenant, right of first offer or refusal, title defect or other encumbrance or similar restriction of any kind.

"**Enforceability Exceptions**" has the meaning set forth in <u>Section 3.1.2</u>.

"**Environmental Laws**" means all Laws concerning pollution, public or worker health or safety (as it pertains to exposure to Hazardous Material), or protection of the environment.

"**Equity Securities**" means, (a) if a Person is a corporation, shares of capital stock of such corporation and, if a Person is a form of entity other than a corporation, ownership interests in such form of entity, whether membership interests or partnership interests, or (b) other securities directly or indirectly convertible into, exercisable or exchangeable for or measured by reference to, any securities described in clause (a) above.

"**ERISA**" means the Employee Retirement Income Security Act of 1974, as amended.

"**Excluded Assets**" has the meaning set forth in <u>Section 2.1.2</u>.

"**Excluded Books and Records**" means (i) books and records to the extent relating to subsections (b) through (t) of the Excluded Assets or Excluded Liabilities (including information stored on the computer systems, data networks or servers of any Seller), (ii) Sellers' Fundamental Documents and stock and minute books (provided that, the Acquired Entities' Fundamental Documents and stock and minute books shall not constitute Excluded Books and Records), and (iii) any books, records or other documents that any Seller is prohibited by applicable Law from delivering to Buyer.

"**Excluded Cash**" means (i) the cash drawn by Sellers under the DIP Credit Agreement, (ii) cash on hand in an amount equal to the Wind-Down Amount (which shall be used solely to fund the Wind-Down Expenses), and (iii) funds in any escrow account established under a DIP Order for the sole benefit of estate professionals (except for any excess funds remaining following final application thereof, which shall be Purchased Assets).

"**Excluded Contract**" has the meaning set forth in <u>Section 2.1.2(b)</u>.

"**Excluded Insurance Policies**" means (x) all of Sellers' directors and officers insurance policies (including any tail or runoff policy) and (y) any other insurance policy of Sellers that (i) relates solely to the Excluded Assets, (ii) is required to cover claims or expenses in the Chapter 11 Cases or (iii) is required to be retained by Sellers in connection with the Wind-Down Activities.

"**Excluded Liabilities**" has the meaning set forth in <u>Section 2.2.2</u>.

"**Execution Date**" has the meaning set forth in the preamble hereto.

"**Expense Reimbursement"** means the aggregate amount, which shall not exceed $750,000, of all reasonable and documented expenses (including internal and external professional fees and all fees and expenses of counsel, accountants, investment banks, advisors, and consultants to Buyer or its Affiliates) incurred by Indaba Capital Management, L.P. or its Affiliates prior to any termination of this Agreement in accordance with <u>Article VIII</u> of this Agreement relating to or in connection with (a) the purchase of the Purchased Assets, including the transactions contemplated by this Agreement and any Ancillary Agreements; (b) the negotiation, preparation, execution or performance of agreements relating to the purchase of the Purchased Assets, including this Agreement and any Ancillary Agreements; and (c) business, financial, legal, accounting, tax, and other due diligence relating to the Purchased Assets.

"**Exploit**" or "**Exploited**" means the exercise of any and all rights in respect of the Products, including to Manufacture, make, have made, import, export, use, have used, sell, offer for sale, have sold, license, Research, develop, Commercialize, register, hold or keep (whether for disposal or otherwise), transport, treat, store, distribute, promote, market, sell or otherwise dispose of, and "**Exploitation**" means actions taken to Exploit.

"**Export Control Laws**" means all applicable U.S. export and re-export laws and regulations, including, the Export Control Reform Act of 2018 and, where applicable, the Export Administration Act of 1979, including but not limited to the Export Administration Regulations and the International Traffic in Arms Regulations.

"**FDA**" means the United States Food and Drug Administration and any successor agency thereto.

"**FDI Law**s" has the meaning set forth in <u>Section 4.5.2</u>.

"**Final Order**" shall mean an Order or judgment of the Bankruptcy Court entered by the clerk of the Bankruptcy Court or such other court on the docket in the Chapter 11 Cases or the docket of such other court, which has not been modified, amended, reversed, vacated or stayed and as to which (a) the time to appeal, petition for certiorari, or move for a new trial, reargument or rehearing has expired and as to which no appeal, petition for certiorari or motion for new trial, reargument or rehearing shall then be pending or (b) if an appeal, writ of certiorari new trial, reargument or rehearing thereof has been sought, such order or judgment of the applicable Bankruptcy Court, or other court of competent jurisdiction shall have been affirmed by the highest court to which such Order was appealed, or certiorari shall have been denied, or a new trial, reargument or rehearing shall have been denied or resulted in no modification of such order, and the time to take any further appeal, petition for certiorari or move for a new trial, reargument or rehearing shall have expired, as a result of which such order shall have become final in accordance with Rule 8002 of the Federal Rules of Bankruptcy Procedure or a similar rule of such other court of competent jurisdiction; *provided*, that with respect to the Bankruptcy Court, the possibility that a motion under Rule 60 of the Federal Rules of Civil Procedure, or any analogous rule under the Bankruptcy Rules, may be filed relating to such order, shall not cause such order not to be a Final Order.

"**Financial Statements**" has the meaning set forth in <u>Section 3.1.15</u>.

"**Fraud**" means a Person's knowing and intentional fraud under Delaware law in making the representations and warranties contained in <u>Article III</u> of this Agreement and shall require an affirmative showing of (i) a false representation of material fact; (ii) actual knowledge that such representation is false, or reckless indifference to the truth; (iii) an intention to induce a party to act or refrain from acting in reliance upon it; (iv) such party's actual reliance thereon to its detriment; and (v) such counterparty suffering damage by reason of such reliance. "Fraud" does not and shall not include equitable fraud, promissory fraud, unfair dealings fraud or any torts (including fraud) based on negligence or recklessness.

"**Fundamental Documents**" means the documents of a Person (other than a natural person) by which such Person establishes its legal existence or which govern its internal affairs. For example, the Fundamental Documents of a corporation would be its charter and bylaws and the Fundamental Documents of a limited liability company would be its certificate of formation and limited liability company agreement or operating agreement.

"**G Reorganization**" has the meaning set forth in <u>Section 5.3.4(a)</u>.

"**GAAP**" has the meaning set forth in <u>Section 3.1.15</u>.

"**General Intangibles**" means all intangible assets now owned or hereafter acquired by any Seller or any of their Subsidiaries, including all right, title and interest that such Seller or such Subsidiary may now or hereafter have in or under any Contract, all payment intangibles, rights in customer lists, Intellectual Property, interest in business associations, licenses, permits, proprietary or confidential information, technical information, procedures, designs, knowledge, know-how, software, databases, data, skill, expertise, experience, processes, rights in models, rights in drawings, goodwill, uncertificated securities, checking and other bank accounts, rights to receive Tax refunds and other payments, rights to receive dividends, distributions, cash, Instruments and other property in respect of or in exchange for pledged Equity Securities and investment property, and rights of indemnification.

"**Governmental Authority**" means (i) any governmental or public department, central bank, court, minister, governor-in-council, cabinet, commission, committee, tribunal, board, bureau, agency, commissioner or instrumentality or other regulatory or administrative authority, whether international, multinational, national, federal, provincial, state, municipal, local, or other; (ii) any subdivision or authority of any of the above; (iii) any stock exchange; (iv) any arbitral body (public or private); and (v) any quasi-governmental or private body exercising any legally enforceable regulatory, expropriation or taxing authority under or for the account of any of the above, which, for the avoidance of doubt, includes the FDA, any corresponding foreign agency and any other federal, state, provincial, local or foreign Governmental Authority with jurisdiction over the authorization, approval, marketing, advertising, sale, pricing, storage, distribution, use, handling and control, safety, efficacy, reliability or manufacturing of medical device or similar products.

"**Hazardous Material**" means any material, substance or waste for which Liability or binding standards of conduct may be imposed pursuant to, or that is the subject of regulatory action under, any Environmental Laws, including any petroleum products or byproducts, asbestos or asbestos-containing materials, lead-containing paint, polychlorinated biphenyls, per- and polyfluoroalkyl substances, lead, toxic mold, radioactive materials and radon.

"**HSR Act"** means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

"**Instruments**" means all "instruments," as such term is defined in the UCC, now owned or hereafter acquired by any Seller or any of their Subsidiaries, wherever located, and, in any event, including all certificated securities, all certificates of deposit, and all promissory notes and other evidences of indebtedness, other than instruments that constitute, or are a part of a group of writings that constitute, chattel paper.

"**Intellectual Property**" means all of the following: (a) Patents; (b) copyrights and other equivalent rights in works of authorship (published or unpublished), moral rights (or other similar rights), copyright registrations and applications for copyright registration ("**Copyrights**"); (c) designs, design registrations, design registration applications; (d) names, trade names, business names, corporate names, domain names, social media accounts, website names and world wide web addresses, common law trademarks, trademark registrations, trademark applications, unregistered trademarks, service marks, trade dress and logos, slogans, and other designations of source or origin, and all goodwill related to the foregoing ("**Trademarks**"); (e) rights in computer programs and software (whether in source code, object code, or other form), algorithms, databases, compilations and data, technology supporting the foregoing, and all documentation, including user manuals and training materials, related to any of the foregoing (collectively, "**Technology**"); (f) rights in trade secrets and all other confidential information, know-how, inventions, improvements, processes, formulae, models, techniques, plans, ideas, concepts, designs, business, scientific and technical data or information, and methodologies ("**Trade Secrets**"); (g) registrations and applications for any of the foregoing; (h) all goodwill associated or arising in connection with the forgoing; and (i) all other intellectual property or proprietary rights of any kind or nature arising under any jurisdiction.

"**Interim Period**" means the period between the close of business on the Original Execution Date and the earlier of (x) Closing and (y) the termination of this Agreement.

"**Inventory**" means all "inventory," as such term is defined in the UCC, now owned or hereafter acquired or used (or held for use) by any Seller (or any of their Subsidiaries), wherever located, and, without limiting the foregoing, all (i) inventory, (ii) merchandise, (iii) goods and other personal property, (iv) raw materials, work or construction in process, (v) finished goods, returned goods, or materials or supplies of any kind, nature or description and (vi) products, equipment, and appliances, whether owned or on order, including all embedded software.

"**IRS**" means the Internal Revenue Service or any successor Governmental Authority.

"**Law**" means any (i) applicable national, supranational, domestic or foreign, federal, state, provincial or local statute, law (including the common law), act, treaty, code, constitution, ordinance, Order, decree, rule, administrative interpretation, regulation, or by-law, and (ii) any other policy, guideline, notice, protocol or requirement having the force of law of any Governmental Authority, in each case as in effect from time to time.

"**Lease Assignment(s)**" means the lease assignment and assumption agreement(s), to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer, for the Leased Real Property included in Purchased Assets.

"**Leased Real Property**" means the real property interests leased pursuant to (1) the Amended and Restated Lease, dated as of October 1, 2024, by and between the Company and Pima County, Arizona for the lease of 3950 S. Country Club Road, Tucson, Arizona and (2) the Triple Net Multi-Tenant Industrial Lease, dated April 24, 2018, by and between the Company and Pegasus Tucson Owner LLC (as successor-in-interest to Presson Equity Partners, LLP) for the lease of Butterfield Center, 4565 S. Palo Verde, Suite 233, Tucson, Arizona 85714, as amended by First Amendment to Lease, dated May 13, 2024.

"**Liability**" means any debt, loss, liability, obligation, commitment, claim, damage, demand, fine, judgment, deficiency, fee, charge or penalty, whether absolute or contingent, accrued or unaccrued, asserted or unasserted, known or unknown, fixed or contingent, matured or unmatured, direct or indirect, determined or determinable or otherwise (including all adverse reactions, recalls, product and packaging complaints or other liabilities), whether arising under any Law, Order, Contract or otherwise and without regard to when sustained, incurred or asserted or when the relevant events occurred or circumstances existed.

"**Liquidation Outside Date**" has the meaning set forth in <u>Section 5.3.4(e)</u>.

"**Liquidating Trustee"** means Ankura Trust Company, LLC in its capacity as *Liquidating Trustee under the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. 214].

"**Litigation**" means any claim, action, charge, complaint, audit, investigation, arbitration, mediation, hearing, proceeding, suit (whether civil, criminal, administrative, or investigative or appellate proceeding), warning letter, or notice of violation.

"**Look-Back Date**" means January 1, 2024.

"**Manufacture**", "**Manufacturing**" and "**Manufactured**" means all activities related to the production, manufacture, processing, filling, finishing, packaging, labeling, shipping and holding of the Products, or any intermediate, quality assurance and quality control testing thereof prior to the distribution of the Products.

"**Material Adverse Effect**" means any event, result, effect, occurrence, state of facts, circumstance, development, condition or change, that, individually or in the aggregate, is material and adverse to (a) the business, results of operations, assets, liabilities or financial condition of the Business or the Purchased Assets and the Assumed Liabilities, taken as a whole, or (b) Sellers' ability to consummate the transactions contemplated by this Agreement or the Ancillary Agreements; *provided, however*, that none of the following, and no event, fact, condition, occurrence, change, development, circumstance or effect to the extent resulting from the following, shall be deemed (individually or in combination) to constitute, or shall be taken into account in determining whether there has been, a "Material Adverse Effect": (i) general political or economic conditions (including any default on the U.S. federal debt or any government shutdown), tariffs, or conditions affecting the capital or financial markets generally, including the worsening of any existing conditions or changes affecting the availability or cost of financing; (ii) conditions generally affecting any industry or industry sector in which Sellers and their Subsidiaries operate or compete or any conditions generally affecting the medical device or healthcare industry (including any changes in regulatory requirements); (iii) any change in accounting requirements, applicable Laws or the enforcement, implementation or interpretation thereof; (iv) any hostility, act of war (whether declared or not), sabotage, civil disturbance, terrorism or military actions, or any escalation of any of the foregoing; (v) any hurricane, flood, tornado, earthquake, pandemic (including COVID-19 or any permutation thereof) or other natural disaster or force majeure event; (vi) the outcome of any other development, ruling or judgment related to or arising out of the Litigation set forth on <u>Section 3.1.6</u> of the Seller Disclosure Schedules; (vii) this Agreement, the transactions contemplated hereby or the Chapter 11 Cases, including the public announcement thereof or the impact of such announcement or pendency on the relationship of Sellers with any supplier, distributor, customer, partner or similar relationship or any loss of employees resulting therefrom; (viii) the failure of Sellers and their Subsidiaries to achieve any financial projections, predictions, forecasts or estimates of revenues for any period (*provided* that the underlying causes of such failure shall not be excluded unless otherwise excluded pursuant to this definition); (ix) any act or omission of Sellers or any of their Subsidiaries required or permitted by the terms of this Agreement with the prior consent of or at the request of Buyer; (x) actions taken by Buyer or its Affiliates; (xi) (A) the commencement or pendency of the Chapter 11 Cases, (B) any objections in the Bankruptcy Court to (1) this Agreement, any Ancillary Agreement or the Transactions, (2) the reorganization of Sellers or their Subsidiaries, (3) the Bidding Procedures Order or (4) the assumption or rejection of any Purchased Contract otherwise in compliance with this Agreement, or (C) any Order of the Bankruptcy Court or any actions or omission of Sellers or their Subsidiaries required to be taken (or not taken) to comply therewith; (xii) any act or omission by Sellers or any of their Subsidiaries required to be taken pursuant to the terms of the DIP Order; and (xiii) any change in the market price, credit rating or trading volume of Sellers' stock or other securities or any change affecting the ratings or the ratings outlook for Sellers (*provided* that the underlying factors contributing to any such change shall not be excluded unless such underlying factors would otherwise be excluded from the definition of Material Adverse Effect); except, in the case of clauses (i) through (v), to the extent that any such event, result, effect, occurrence, fact, circumstance, development, condition or change has a disproportionate effect on the Purchased Assets and Assumed Liabilities, taken as a whole, relative to other Persons operating businesses similar to the Business.

"**Material Contracts**" has the meaning set forth in <u>Section 3.1.21(a)</u>.

"**Mutual Release Agreement**" means the mutual release agreement, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Non-U.S. Plan**" has the meaning set forth in <u>Section 3.1.12(k)</u>.

"**Notice**" has the meaning set forth in <u>Section 9.2.1</u>.

"**Offer Employee**" has the meaning set forth in <u>Section 5.12.1</u>.

"**Order**" means any judicial, arbitral, administrative, ministerial, departmental or regulatory writ, judgment, edict, directive, adjudication, decree, injunction, ruling, order, decision, award or other binding obligation, pronouncement, determination or similar action taken by, or applied by, any Governmental Authority (in each case, whether temporary, preliminary or permanent).

"**Ordinary Course**" means, with respect to an action taken by a Person, that such action is (i) substantially consistent with the past practices of the Person and (ii) taken in the ordinary course of the normal day-to-day operations of the Person.

"**Original Execution Date**" has the meaning set forth in the preamble hereto.

"**Outside Date**" has the meaning set forth in <u>Section 8.1.2</u>.

"**Owned Intellectual Property**" means all Intellectual Property owned or purported to be owned by Sellers or any of their Subsidiaries.

"**Owned Software**" means any and all computer programs or applications (including all software implementations of algorithms, models and methodologies), utilities, firmware, data files, databases and data collections, operating systems, tools, interfaces and libraries, whether in source code, interpreted code, compiled code, object code, executable code or other form, and all documentation and specifications, including user manuals and training materials, relating to any of the foregoing, in each case that are owned by Sellers or any of their Subsidiaries.

"**Owned Technology**" means any tangible embodiments of Intellectual Property (including Technology and Trade Secrets), in each case owned or purported to be owned by Sellers or any of their Subsidiaries.

"**Party(ies)**" has the meaning set forth in the preamble hereto.

"**Patent Assignment Agreement**" means the patent assignment agreement, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Patents**" means all issued patents and patent applications, provisional patent applications, applications for reissues, industrial designs, or invention disclosures in any country or supranational jurisdiction, and any substitutions, divisionals, continuations, continuations-in-part, reissues, renewals, confirmations, re-examinations, extensions, and supplementary protection certificates and the like.

"**Payee**" has the meaning set forth in <u>Section 5.3.1(a)</u>.

"**Payer**" has the meaning set forth in <u>Section 5.3.1(a)</u>.

"**Payments**" has the meaning set forth in <u>Section 5.3.1(a)</u>.

"**Permit**" means with respect to any Person, any permit, license, grant, authorization, consent, registration, certificate, franchise, certification, variance, exemption, or Regulatory Approval or similar authorization of any Governmental Authority having jurisdiction over the Person.

"**Permitted Encumbrance**" means any (a) Encumbrance for utilities and Taxes not yet due or delinquent; (b) Encumbrance imposed by Law that does not or would not be reasonably expected to materially detract from the current value of, or materially interfere with, the present use and enjoyment of any Purchased Asset subject thereto or affected thereby in the Ordinary Course; (c) Encumbrance incurred or deposit made to a Governmental Authority in connection with any Permit; (d) nonexclusive licenses of Intellectual Property granted in the Ordinary Course; (e) mechanics', materialmen's, carriers', workmen's, warehouseman's, repairmen's, landlords' and similar Encumbrances granted or which arise in the Ordinary Course for amounts which are not due and payable or are being contested in good faith by appropriate proceedings and for which appropriate reserves have been established in accordance with GAAP; (f) zoning, building codes and other land use Laws regulating the use or occupancy of any real property or the activities conducted thereon which are imposed by any Governmental Authority having jurisdiction over such real property which are not violated by the current use or occupancy of the applicable real property; (g) easements, covenants, conditions, restrictions, encroachments and other similar matters affecting title to such real property, together with all title encumbrances which encumber the real property which do not, individually or in the aggregate, materially impair the use, occupancy, or development of the real property; (h) landlord's liens, liens on the fee interest of any Leased Real Property and the terms of any leases; (i) Encumbrances that would not reasonably be expected to materially detract from the property and/or use of the property for its current purpose; (j) Encumbrances expressly contemplated by the Sale Order; and (k) Encumbrances disclosed on <u>Section 1.1.1</u> of the Seller Disclosure Schedules.

"**Person**" means any individual, partnership, limited partnership, limited liability partnership, limited liability company, unlimited liability company, joint stock company, joint venture, syndicate, sole proprietorship, corporation, unincorporated association, trust, trustee, executor, administrator or other legal personal representative, or any other legal entity, including a Governmental Authority, and pronouns have a similarly extended meaning.

"**Personal Data**" means any information or data that (a) identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular individual or household, or (b) constitutes "personal data," "personal information," "personally identifiable information," "protected health information," or similar term as defined in applicable Laws relating to data protection, data privacy, and data security.

"**Personnel Records**" means the following current employment and current personnel information with respect to each Continuing Employee, in each case, to the extent permitted by applicable Law: salary, wage grade, job description, variable compensation targets, performance documentation, training and continuing education records, business and personal mailing addresses and telephone numbers, any employment, confidentiality, restrictive covenants and/or intellectual property assignment agreements, employee handbook and policy acknowledgments, and any other employment-related agreements, acknowledgements and authorizations, Family and Medical Leave Act (or similar) records, disability accommodation records, workplace injury records, internal or external complaints by or concerning such Continuing Employee, Forms I-9 (Employment Eligibility Verification) related to such Continuing Employee; *provided*, that Personnel Records shall not include any medical records.

"**Petition Date**" has the meaning set forth in the recitals.

"**Plan**" means each "employee benefit plan" within the meaning of Section 3(3) of ERISA (whether or not subject thereto), including any multiemployer plans as defined in Section 3(37) of ERISA, all other material employee benefit plans or arrangements, and all other stock purchase, stock option, restricted stock, equity, equity-based, severance, termination, retention, employment, consulting, change-of-control, collective bargaining, bonus, incentive, deferred compensation, retirement, and other benefit or compensation plan, program, agreement or arrangement, in each case, which is maintained, sponsored or contributed to by Sellers or any of their Subsidiaries or under or with respect to which Sellers or any of their Subsidiaries has any Liability.

"**Post-Closing Tax Period**" has the meaning set forth in <u>Section 5.3.2(b)</u>.

"**Pre-Closing Tax Period**" has the meaning set forth in <u>Section 5.3.2(b)</u>.

"**Prepetition Convertible Noteholders**" means the noteholders under the Prepetition Convertible Notes Indenture.

"**Prepetition Convertible Notes Indenture**" means that certain Indenture, dated as of June 9, 2023, by and among (i) the Company, (ii) the Prepetition Convertible Noteholders, and (iii) Prepetition Convertible Notes Trustee, as amended, restated, supplemented or otherwise modified from time to time.

"**Prepetition Convertible Notes Obligations**" has the meaning ascribed to the term in the Final DIP Order.

"**Prepetition Convertible Notes Trustee**" means U.S. Bank Trust Company, N.A., in its capacity as Trustee and Notes Collateral Agent under the Prepetition Convertible Notes Indenture.

"**Prepetition Super Priority Noteholders**" means the noteholders under the Prepetition Super Priority Notes Indenture.

"**Prepetition Super Priority Notes Indenture**" means that certain Indenture, dated as of August 8, 2024, by and among (i) the Company, (ii) the Prepetition Super Priority Noteholders, and (iii) Prepetition Super Priority Notes Trustee, as amended, restated, supplemented or otherwise modified from time to time.

"**Prepetition Super Priority Notes Obligations**" has the meaning ascribed to the term in the Final DIP Order.

"**Prepetition Super Priority Notes Trustee**" means U.S. Bank Trust Company, N.A., in its capacity as Trustee and Notes Collateral Agent under the Prepetition Super Priority Notes Indenture.

"**Products**" means Sellers' and their Subsidiaries' products (including all product platforms, all models and all modifications of the products) as of the Closing, including the Accelerate Pheno system, the Accelerate Arc system, and the Accelerate WAVE system.

"**Public Statement**" has the meaning set forth in <u>Section 5.2</u>.

"**Purchase Price**" has the meaning set forth in <u>Section 2.3.1</u>.

"**Purchased Assets**" has the meaning set forth in <u>Section 2.1.1</u>.

"**Purchased Contracts**" has the meaning set forth in <u>Section</u> <u>2.1.1(e)</u>.

"**Purchased Intellectual Property**" means the Intellectual Property licensed to Sellers or their Subsidiaries under the Purchased Contracts, and all other Owned Intellectual Property.

"**Purchased Permits**" has the meaning set forth in <u>Section 2.1.1(k)</u>.

"**Purchased Product Records**" means all books and records (including records of call center activity) primarily relating to the Business to the extent owned, maintained and in the possession or control of Sellers or any of their Subsidiaries and reasonably necessary or used to monitor the collection or payment of royalties with respect to the Products, maintain, prosecute, or enforce the Purchased Intellectual Property or Regulatory Approvals, Manufacture, Research, develop and Exploit the Products throughout the world, but excluding, in all cases, the Excluded Books and Records and any Intellectual Property included therein.

"**Purchased Regulatory Approvals**" means the Regulatory Approvals set forth on <u>Section 1.1.2</u> of the Seller Disclosure Schedules; *provided, however*, "Purchased Regulatory Approvals" shall not include Permits other than Purchased Permits.

"**Purchased Technology**" means all tangible embodiments of Intellectual Property (including Technology and Trade Secrets), in each case licensed to Sellers or their Subsidiaries under the Purchased Contracts, and all other Owned Technology.

"**RCAs**" has the meaning set forth in <u>Section 5.12.4</u>.

"**Regulatory Approval Transfer Documentation**" means, (x) with respect to Sellers or any of their Subsidiaries, a letter or letters to the applicable Regulatory Authority transferring the rights to the Purchased Regulatory Approvals to Buyer and a letter or letters to the applicable Regulatory Authority, notifying it of the transfer of the Purchased Regulatory Approvals to Buyer, as well as any similar letters to any other applicable Regulatory Authority, in each case delivered to Buyer for further delivery on behalf of Sellers or any of their Subsidiaries in the form to be reasonably agreed to by Buyer and Sellers; and (y), with respect to Buyer, a letter or letters to the applicable Regulatory Authority assuming responsibility for the Purchased Regulatory Approvals from Sellers or any of their Subsidiaries and a letter or letters to the applicable Regulatory Authority from Buyer, notifying it of the transfer of the Purchased Regulatory Approvals from Sellers or any of their Subsidiaries to Buyer, as well as any similar letters to any other applicable Regulatory Authority, in each case, copying Sellers and in the form to be reasonably agreed by Buyer and Sellers.

"**Regulatory Approvals**" means all approvals (including pricing and reimbursement approvals required for marketing authorization), clearances, de novos, exemptions, product and/or establishment licenses, registrations or authorizations of any Regulatory Authorities required to Exploit the Products in any jurisdiction.

"**Regulatory Authority**" means any Governmental Authority with authority over the Research, development, registration, Manufacture, making, having made, use and Commercialization of a medical device or similar product (including the Products).

"**Regulatory Filings**" means, individually or collectively, all applications, filings, submissions, licenses, registrations, clearances, permits, notifications, and authorizations (including marketing and labeling authorizations) or waivers with respect to the testing, Research, development, registration, manufacture, making, having made, use and Commercialization of the Products made to or received from any Regulatory Authority in a given country, and all correspondence related to any of the foregoing.

"**Rejection Damages Claims**" means all claims arising from or related to the rejection of a Contract under Section 365 of the Bankruptcy Code.

"**Relevant Transaction**" means (a) each of the Transactions, (b) the subsequent liquidation of Sellers on or before the Liquidation Outside Date and (c) any other transaction identified by Buyer in writing delivered to Sellers no later than three (3) days prior to the Closing Date.

"**Representatives**" means a Party's officers, directors, employees, agents, attorneys, accountants, consultants, advisors, financing sources and other representatives.

"**Research**" means all activities related to the research, identification, screening and testing of a Product.

"**Sale**" has the meaning set forth in the Bidding Procedures Order.

"**Sale Hearing**" has the meaning set forth in <u>Section 2.1.1(u)</u>.

"**Sale Order**" has the meaning set forth in <u>Section 5.7.1(b)</u>.

"**Sanctioned Country**" means any of Cuba, Iran, North Korea, Syria, and the Crimea region or so-called Donetsk People's Republic or Luhansk People's Republic regions in Ukraine.

"**Sanctioned Person**" means any Person with whom dealings are restricted or prohibited under any Sanctions, including (i) any Person identified in any list of Sanctioned Persons maintained by (A) the U.S. Department of Treasury, Office of Foreign Assets Control, the U.S. Department of Commerce, Bureau of Industry and Security or the U.S. Department of State, (B) the United Kingdom, (C) any committee of the United Nations Security Council or (D) the European Union, (ii) any Person located, organized, or resident in, organized in, or a Governmental Authority or government instrumentality of, any Sanctioned Country and (iii) any Person directly or indirectly 50% or more owned or controlled by, or acting for the benefit or on behalf of, a Person described in clause (i) or (ii).

"**Saguaro Ridge**" has the meaning set forth in Section 9.6.2.

"**Sanctions**" means all applicable Laws concerning economic sanctions.

"**SEC**" means the U.S. Securities and Exchange Commission and any successor agency thereto.

"**Securities Act**" means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

"**Sellers**" has the meaning set forth in the preamble hereto.

"**Seller Disclosure Schedules**" means the disclosure schedules of Sellers delivered by Sellers pursuant to this Agreement.

"**Seller Disclosure Schedule Delivery Date**" means June 4, 2025 or such later date that Buyer may in its sole discretion determine.

"**Sellers' Financial Advisor**" means Perella Weinberg Partners LP.

"**Sellers' Knowledge**" means the actual knowledge of any one of Jack Philips, David Patience, John Meduri, Lawrence Mertz, Chris Thode, and Maya Gowri without personal liability on the part of any of them.

"**Seller Plans**" has the meaning set forth in <u>Section 5.12.2</u>.

"**Seller SEC Documents**" has the meaning set forth in <u>Section 3.1</u>.

"**Subsidiary**" means any entity of which at least a majority of the securities or ownership interests having by their terms voting power to elect a majority of the board of directors or other Persons performing similar functions is directly or indirectly owned or controlled by such party or by one or more of its respective Subsidiaries. The term "Subsidiary" shall include all Subsidiaries of such Subsidiary.

"**Successful Bidder**" has the meaning set forth in the Bidding Procedures Order.

"**Tax Laws**" has the meaning set forth in <u>Section 2.3.3</u>.

"**Tax Return**" means any return, declaration, report, election, notice, filing, claim for refund, information return or statement relating to Taxes, including any schedule or attachment thereto, filed or maintained, or required to be filed or maintained, in connection with the calculation, determination, assessment or collection of any Tax and includes any amended returns required as a result of examination adjustments made by the IRS or other Taxing Authority.

"**Taxes**" means all taxes of any kind, and all charges, fees, customs, levies, duties, excises, premiums, imposts, required deposits or other assessments, including all federal, state, local or foreign net income, capital gains, gross income, gross receipt, property, franchise, sales, use, excise, withholding, payroll, employment, social security, worker's compensation, unemployment, occupation, capital stock, transfer, gains, windfall profits, net worth, asset, transaction and other taxes, and any interest, penalties, or additions to tax with respect thereto, imposed upon any Person by any Taxing Authority or other Governmental Authority under applicable Law.

"**Taxing Authority**" means any Governmental Authority or any quasi-governmental body exercising tax regulatory authority.

"**Technology**" has the meaning set forth in the definition of "Intellectual Property."

"**Third Party**" means any Person other than Sellers, Buyer and their respective Affiliates and permitted successors and assigns.

"**Top Customer**" has the meaning set forth in <u>Section 3.1.22</u>.

"**Top Supplier**" has the meaning set forth in <u>Section 3.1.22</u>.

"**Trade Secrets**" has the meaning set forth in the definition of "Intellectual Property."

"**Trademark**" has the meaning set forth in the definition of "Intellectual Property."

"**Trademark Assignment Agreement**" means the trademark assignment agreement, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**Transaction Documents**" means this Agreement and the Ancillary Agreements.

"**Transactions**" means the transactions contemplated by this Agreement and the Ancillary Agreements.

"**Transfer Taxes**" has the meaning set forth in <u>Section 5.3.2(a)</u>.

"**Transition Services Agreement**" means a transition services agreement, if requested by Buyer, to be entered into on the Closing Date, in customary form reasonably satisfactory to Sellers and Buyer.

"**UCC**" means the Uniform Commercial Code as adopted and in effect in the applicable jurisdiction, as amended from time to time.

"**Wind-Down Activities**" means the orderly wind-down of Sellers' bankruptcy estate following the Closing, including the liquidation and dissolution of Sellers, on or before the Liquidation Outside Date.

"**Wind-Down Amount**" means the amount set forth in the Approved Budget; *provided*, that such amounts shall only be used to pay Wind-Down Expenses; *provided*, further, that, to the extent there is any residual Wind-Down Amount remaining after the payment of the Wind-Down Expenses, such amount shall be promptly delivered to Buyer.

"**Wind-Down Expenses**" means the expenses required to conduct an orderly wind-down of Sellers' bankruptcy estate following the Closing which are funded by the Wind-Down Amount; *provided*, that, for the avoidance of doubt, Buyer shall not be liable for any expenses in excess of the Wind-Down Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2** **Construction**. Except where the context otherwise requires, wherever used, the singular includes the plural, the plural the singular, the use of any gender shall be applicable to all genders and the word "or" is used in the inclusive sense (and/or). The captions of this Agreement are for convenience of reference only and in no way define, describe, extend or limit the scope or intent of this Agreement or the intent of any provision contained in this Agreement. The terms "include," "includes" and "including" mean "include, without limitation," "includes, without limitation" and "including, without limitation," respectively, and do not limit the generality of any description preceding such term. The language of this Agreement shall be deemed to be the language mutually chosen by the Parties and no rule of strict construction shall be applied against either Party. Unless otherwise specified or where the context otherwise requires, (a) references in this Agreement to any Article, Section, Schedule or Exhibit are references to such Article, Section, Schedule or Exhibit of this Agreement; (b) references in any Section to any clause are references to such clause of such Section; (c) "hereof," "hereto," "hereby," "herein" and "hereunder" and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to a Person are also to its successors and permitted assigns; (e) references to a Law include any amendment or modification to such Law and any rules or regulations issued thereunder, in each case, as in effect at the relevant time of reference thereto; (f) references to any agreement, instrument or other document in this Agreement refer to such agreement, instrument or other document as originally executed or, if subsequently amended, replaced or supplemented from time to time, as so amended, replaced or supplemented and in effect at the relevant time of reference thereto; (g) "extent" in the phrase "to the extent" means the degree to which a subject or other thing extends, and such phrase does not mean simply "if", (h) all references to "made available" means, when used with respect to any document or other item of information, that such document or other item of information was provided or made available to Buyer in the "virtual data room" prepared by Sellers to which Buyer has been provided access at least two (2) Business Days prior to the Seller Disclosure Schedule Delivery Date; and (i) references to monetary amounts are denominated in United States Dollars and all references to "$" shall be deemed to refer to United States Dollars. The Parties have participated jointly in the negotiation and drafting of this Agreement and in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or disfavoring any Party (or any Affiliate thereof) by virtue of the authorship of any of the provisions of this Agreement.

**Article II<br> SALE AND PURCHASE OF ASSETS; LIABILITIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1** **Sale of Purchased Assets**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1.1** <u>Purchase and Sale of Purchased Assets</u>. Upon the terms and subject to the conditions of this Agreement and the Ancillary Agreements, and to the fullest extent permitted by Section 363 of the Bankruptcy Code and/or other applicable Laws, at and effective as of the Closing, Sellers shall (or shall cause their applicable Subsidiaries to), sell, transfer, convey, assign and deliver to Buyer, and Buyer, shall purchase and accept from Sellers (or such Subsidiaries), all rights, title and interests of Sellers or their Subsidiaries in and to all of the assets, properties, interests, rights and claims of Sellers and their Subsidiaries, other than the Excluded Assets, including the following (collectively, the "**Purchased Assets**"), in each case free and clear of any Encumbrances (other than Permitted Encumbrances and Assumed Liabilities):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all Inventory solely to the extent that such Inventory is related to the Accelerate WAVE System; *provided*, that in the event the Buyer determines that it will not seek to Commercialize or Exploit the Accelerate WAVE System or otherwise in Buyer's sole discretion, in each case, within thirty (30) days of the Closing Date, the Buyer shall assign any such Inventory to the Liquidating Trustee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all rights and obligations under or arising out of all current and prior insurance policies of Sellers or any of their Subsidiaries to the extent such policies relate to the operation of the Business or to any Assumed Liabilities (including returns and refunds of any premiums paid, or amounts due back to any Seller or any of their Subsidiaries, with respect to cancelled insurance policies), and all benefits of any nature of any Seller or any of their Subsidiaries with respect thereto (including any claims of any Seller or any of their Subsidiaries arising under such policies and all credits, premium refunds, proceeds, causes of action or rights thereunder) other than any Excluded Insurance Policy, *provided* that to the extent that any insurance policies which constitute a Purchased Asset covers any Excluded Liabilities (including tort liabilities, operational liabilities and environmental liabilities), Buyer shall make available such policies to satisfy bona fide claims of any third party that are covered by such insurance policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all rights and interests of Sellers or their Subsidiaries under the Contracts set forth in <u>Section 2.1.1(e)</u> of the Seller Disclosure Schedules, which shall incorporate by reference the Contracts set forth in <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules, which Section of the Seller Disclosure Schedules may be modified by Buyer from the date hereof through the Closing Date and/or in accordance with the process set forth in <u>Sections 4.3.1</u>, <u>4.3.2</u>, <u>4.3.3</u> and <u>5.7.6</u> (the "**Purchased Contracts**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all rights and interests of Sellers or their Subsidiaries under the Contracts for the lease, sublease, license, or other right to use or occupy real property, as set forth in <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules, which Section of the Seller Disclosure Schedules may be modified by Buyer from the date hereof through the Closing Date and/or in accordance with the process set forth in <u>Sections 4.3.1</u>, <u>4.3.2</u>, <u>4.3.3</u> and <u>5.7.6</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) all deposits (including security deposits, rent, electricity, telephone or otherwise and to the extent excess funds remain in any escrow account established under a DIP Order for the sole benefit of estate professionals following final application thereof, retainers held by attorneys, accountants, financial advisors and other professional advisors retained by any Seller or by any creditors' committee in the Chapter 11 Cases), credits, prepaid expenses, deferred charges, advance payments, refunds, rights of set-off, rights of recovery, security deposits, prepaid items, duties, letters of credit, guarantees, surety bonds, performance bonds, and other financial assurance obligations issued or entered into by or on behalf of any Seller or any of their Subsidiaries related to the Purchased Assets (including the Purchased Contracts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all rights to any Tax deposits, credits, refunds, drawbacks or rebates of any Seller or any of their Subsidiaries or that any Seller or any of their Subsidiaries may qualify for with respect to the Purchased Assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all furniture, fixtures, equipment, marketing materials and other personal property used or usable in the operations of the Business related to the Accelerate WAVE System; *provided* that in the event the Buyer determines that it will not seek to Commercialize or Exploit the Accelerate WAVE System or otherwise in Buyer's sole discretion, in each case, within thirty (30) days of the Closing Date, the Buyer shall assign any such furniture, fixtures, equipment, marketing materials and other personal property to the Liquidating Trustee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) all merchandise and other personal property used or usable in the operations of the Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) to the extent transferable pursuant to applicable Law, all Permits and Regulatory Filings required for Sellers or any of their Subsidiaries to conduct business or for the ownership, operation, use, maintenance, repair or other Exploitation of any of the Purchased Assets ("**Purchased Permits**") and all Purchased Regulatory Approvals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) all Books and Records (including, for the avoidance of doubt, the Purchased Product Records, Tax records and Tax Returns (including working papers)), other than the Excluded Books and Records; *provided*, that Buyer will provide Sellers and any court-appointed trustee or other fiduciary charged with winding up the affairs of Sellers with reasonable access to such Books and Records for the purposes of conducting the Wind-Down Activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) all Owned Intellectual Property, Owned Technology, and Owned Software; *provided*, that Buyer will provide Sellers and any court-appointed trustee or other fiduciary charged with winding up the affairs of Sellers with a non-transferable and non-sublicensable license (except sublicensable to vendors, contractors and service providers for the purpose of providing services to Sellers and such trustee or fiduciary in the Ordinary Course), for no additional consideration, to use such Intellectual Property solely as necessary to conduct the Wind-Down Activities, and which shall automatically expire when such Wind-Down Activities are complete. The Parties acknowledge and agree that the Intellectual Property included in the Purchased Assets shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Owned Intellectual Property set forth on Section 3.1.9(a) of the Seller Disclosure Schedules and all other Intellectual Property related to or used in connection with any Purchased Assets, plus:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all reissues, reexaminations, divisions, renewals, extensions, provisionals, continuations, continuations-in-part, and domestic and foreign counterparts of any of the patents or patent applications described in clause (m)(i) above, all other patents and patent applications that derive or may derive a claim of priority from any of the patents or patent applications described in clause (m)(i) above, and each patent issuing on any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) each patent and patent application that is referenced by a terminal disclaimer filed in connection with any of the patents or patent applications identified in clause (m)(i) or clause (m)(ii) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all Inventory subject matter, and each invention, claimed or disclosed in each of the patents and patent applications described in clauses (m)(i), (m)(ii), or (m)(iii) above; *provided*, that in the event Buyer determines that it will not seek to Commercialize or Exploit the Accelerate WAVE System or otherwise in Buyer's sole discretion, in each case, within thirty (30) days of the Closing Date, the Buyer shall assign any such Inventory to the Liquidating Trustee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all rights to apply in any and all jurisdictions anywhere in the world for patents, certificates of inventions, utility models, or other governmental grants with respect to each patent, patent application, and invention described above, including the right to apply for patents pursuant to any convention, treaty, agreement or understanding; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any and all causes of action (whether known or unknown or whether currently pending, filed, or otherwise) and other enforcement rights under, or on account of, any of the foregoing Intellectual Property, including all causes of action and other enforcement rights for (1) damages, (2) injunctive relief, (3) any other remedies of any kind (in each of the cases in clauses (1), (2), and (3) of this paragraph for past, current, and future infringement), and (4) all rights to collect royalties and other payments under or on account of each of the foregoing Intellectual Property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all Employee Equipment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) all General Intangibles associated with the Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) all guarantees, representations, warranties, and indemnities given by any third party associated with the operation of the Business to the extent related to any Purchased Assets or any Assumed Liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) [Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) all Tax Returns of or with respect to any Purchased Asset and all records (including working papers) related thereto; *provided*, in accordance with <u>Section 5.3.3</u>, that Sellers and any court-appointed trustee or other fiduciary charged with winding up the affairs of Sellers shall have reasonable access to any tax returns and working papers, as applicable, upon prior written request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) all rights in or under any Plan, as set forth in <u>Section 3.1.12(a)</u> of the Seller Disclosure Schedules and designated by Buyer as an Assumed Plan (and including all pre-payments, deposits, and refunds thereunder and any assets, trusts, or insurance policies maintained pursuant thereto or in connection therewith), which designation may be modified by Buyer from the date hereof through the Closing Date in accordance with <u>Section 5.12.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) all rights under non-disclosure or confidentiality, non-compete or non-solicitation agreements with employees, consultants, contractors and agents of any Seller or any of their Subsidiaries or with third parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1.2** **<u>Excluded Assets</u>**. Notwithstanding anything to the contrary in this Agreement or in any Ancillary Agreement, Buyer shall not purchase or assume, and shall not be deemed to have purchased or assumed, any Excluded Assets, and Sellers and their respective Affiliates shall retain all right, title and interest to, in and under, the Excluded Assets. "**Excluded Assets**" means the following assets, properties and rights of Sellers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Excluded Books and Records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Contracts that are not Purchased Contracts (the "**Excluded Contracts**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Leased Real Property that is not a Purchased Asset;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any confidential personnel or other records to the extent pertaining to any current or former employee who is not a Continuing Employee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all equipment and other assets and items that are (i) owned by third parties and used by Sellers in the operation of the Business or (ii) leased to any Seller or an Affiliate thereof, in each case, pursuant to a Contract that is not a Purchased Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Purchase Price and all rights that accrue or will accrue to Sellers under (i) any of the Transaction Documents and (ii) any documents prepared or received by Sellers in connection with the Transactions (including any privileged materials);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Excluded Cash;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the bank accounts designated on <u>Section 2.1.2(h)</u> of the Seller Disclosure Schedules that Sellers shall retain in connection with the Excluded Cash, which shall be used to satisfy the Wind-Down Amount or for Wind-Down Activities or to hold professional fees or other deposits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all Excluded Insurance Policies and, in each case, all rights and benefits of any nature of Sellers with respect thereto, except to the extent the proceeds of any directors and officers insurance policy that is an Excluded Insurance Policy relates to any Assumed Liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) all Plans and any assets of any Plan or any right, title, or interest in any of the assets, trusts or other funding vehicle thereof or relating thereto, in each case, other than the Assumed Plans (and any assets related thereto);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) all guarantees, representations, warranties and indemnities to the extent pertaining to any Excluded Asset or rights and defenses to the extent pertaining to any Excluded Liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any Equity Securities of any Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) all rights to any software used in any computer equipment included in the Purchased Assets, to the extent not freely transferable to Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all documents protected by any applicable privilege, including attorney-client or attorney work product privilege;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) all assets set forth on <u>Section 2.1.2(o)</u> of the Seller Disclosure Schedules, which Section of the Seller Disclosure Schedules may be modified by Buyer from the date hereof through one (1) Business Day prior to the Auction, but in the event no Auction is held, two (2) Business Days prior to the Sale Hearing in accordance with <u>Section 4.3.4;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) all cash, cash equivalents, funds in transit, prepayments (including all prepayments made to third party vendors), deferred assets, refunds, credits or overpayments, in each case, including for the Excluded Cash;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) all Accounts Receivable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) all Inventory except as set forth in Section 2.1.1(c);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) all Claims and causes of action including but not limited to (i) any claims that could be asserted by third parties derivatively through any Seller or any of their Subsidiaries; (ii) any Claims and causes of action (including, without limitation, claims on account of intercompany loans or other transactions) against the Acquired Entities; and (iii) any Avoidance Actions and the proceeds of such Claims and causes of action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) the Equity Securities of the Acquired Entities (and, for the avoidance of doubt, thereby indirectly all of the assets, rights, Contracts and Liabilities of the Acquired Entities); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) all furniture, fixtures, equipment, marketing materials and other personal property used or usable in the operations of the Business except as set forth in Section 2.1.1(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1.3** <u>Retention of Rights</u>. Notwithstanding anything to the contrary in this Agreement or any Ancillary Agreement, Sellers retain, on behalf of themselves and their Affiliates, a right to retain copies of all or any part of all documentation that Sellers deliver to Buyer pursuant to this Agreement as may be reasonably necessary to exercise its or its Affiliates' respective rights or perform its or its Affiliates' respective obligations under this Agreement or any Ancillary Agreement, for a purposes of administration of the Chapter 11 Cases, and for purposes of complying with Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2** **Liabilities**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2.1** <u>Assumed Liabilities</u>. Upon the terms and subject to the conditions of this Agreement, at the Closing, Sellers shall (or shall cause their applicable Subsidiaries to) assign to Buyer and Buyer shall assume from Sellers or their applicable Subsidiaries and agree to pay and discharge when due, only the following Liabilities (collectively, the "**Assumed Liabilities**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Liabilities relating to, or arising in respect of, the Purchased Assets arising out of or relating to (i) events, occurrences, acts or omissions occurring after the Closing Date or (ii) the operation of the Business or the Purchased Assets by Buyer after the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all Liabilities of Sellers under the Purchased Contracts to be paid or performed after the Closing Date, including the Cure Costs, required to be paid or otherwise satisfied in connection with the assumption and assignment thereof, pursuant to Section 365 of the Bankruptcy Code; *provided*, that neither Buyer nor its Designated Purchaser shall be liable for any applicable Cure Costs that are waived by the contract counterparty pursuant to and consistent with <u>Section 5.7.6</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) all Liabilities, solely to the extent incurred after the Closing Date, relating to the employment or performance of services, or termination of employment or services, of any Continuing Employee after the Closing Date by Buyer or its Affiliates and (ii) any Liabilities under each Assumed Plan, solely to the extent both incurred and solely related to the period after the Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) as set forth in <u>Section 5.3.2</u>, all Liabilities with respect to Transfer Taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all Tax Liabilities that relate to the Purchased Assets for which any Seller is obligated attributable to a taxable period (or portion thereof) following the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Liabilities for all ordinary course administrative expenses, accounts payable and operating expenses, in each case, arising or incurred after the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Liabilities for ordinary course accounts payable incurred and unpaid as of the Closing Date but not payable until due after the Closing Date in an amount set forth on Schedule 1 attached hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liabilities for ordinary course payroll obligations incurred and unpaid as of the Closing Date but not payable until due after the Closing Date, which shall be reimbursed to the Liquidation Trust within sixty (60) days after the Closing Date in an amount set forth on Schedule 1 attached hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liabilities for other expenses and obligations incurred and unpaid prior to the Closing Date but not payable until due after the Closing Date in an amount set forth on Schedule 1 hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) [Reserved]; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the Liabilities set forth on <u>Section 2.2.1(k)</u> of the Seller Disclosure Schedules, which Section of the Seller Disclosure Schedules may be modified by Buyer from the date hereof through one (1) Business Day prior to the Auction, but in the event no Auction is held, two (2) Business Days prior to the Sale Hearing in accordance with <u>Section 4.3.4</u>.

For the avoidance of doubt and without limiting Buyer's obligations to pay and discharge when due all Assumed Liabilities (giving effect to the applicable limitations contained in this <u>Section 2.2.1</u>), to the extent an Assumed Liability is or could be listed under more than one clause of the definition of Assumed Liabilities, there shall be no double counting and Buyer shall only be obligated to assume and pay the Assumed Liabilities once.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2.2** <u>Excluded Liabilities</u>. Notwithstanding anything in this Agreement to the contrary, except for the Assumed Liabilities, neither Buyer nor any of its Affiliates shall assume, nor shall they be or become responsible for, and shall be deemed not to have assumed, any Liabilities of any Seller, their Subsidiaries, the Business or any of the Purchased Assets of any kind or nature whatsoever, whether absolute, accrued, contingent or otherwise, liquidated or unliquidated, due or to become due, known or unknown, currently existing or hereafter arising, matured or unmatured, direct or indirect, and however arising, whether existing on the Closing Date or arising thereafter as a result of any act, omission, or circumstance taking place on or prior to the Closing, and Sellers shall be solely and exclusively liable with respect to all such Liabilities (collectively, the "**Excluded Liabilities**"), including the following Liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Liability of any Seller to the extent arising from any Excluded Asset;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all Liabilities or indebtedness for borrowed money of Sellers (including any indebtedness or accounts payable owing from any Seller to any Affiliate of any Seller);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) except as set forth in <u>Section 5.3.2</u> with respect to Transfer Taxes, (i) all Tax Liabilities of Sellers or their respective Affiliates for any taxable period, and (ii) all Tax Liabilities relating to the Purchased Assets, Assumed Liabilities or the Business attributable to a Pre-Closing Tax Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all employment-related Liabilities of Sellers or any of their Subsidiaries or of any of their predecessors, including, without limitation, all accrued and unpaid payroll (including service credit and accrued paid time off, whether earned pre- or post- Closing Date), payroll Taxes, severance, accrued vacation, workers' compensation and other employee-related claims, and any claim under the WARN Act, with respect to COBRA liabilities, or with respect to any applicable state or local corollary thereto, and any other liabilities for any action resulting from Sellers' employees' separation of employment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all Liabilities of Sellers with respect to any terminated employees (or other individual who is a COBRA qualified beneficiary on account of the individual's relation to an employee) with respect to COBRA, including any individual who becomes an "M&A qualified beneficiary" within the meaning of sections 601, et. seq., of ERISA and section 4980B of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all Liabilities of Sellers or any of their predecessors with respect to the termination of employment of Sellers' "insiders" (as such term is defined under the Bankruptcy Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) all Liabilities arising under or relating to the Plans (including all assets, trust, insurance policies and administration service contracts related thereto), in each case, other than as expressly provided in <u>Section 2.2.1(c)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all Liabilities for fees, costs and expenses that have been incurred or that are incurred or owed by Sellers or of any of their predecessors in connection with this Agreement and the Ancillary Agreements or the administration of the Chapter 11 Cases (including all fees and expenses of professionals engaged by Sellers) and administrative expenses and priority claims accrued through the Closing Date and all costs and expenses incurred in connection with (i) the negotiation, execution and consummation of the transactions contemplated under this Agreement and each of the Ancillary Agreements, (ii) the negotiation, execution and consummation of the DIP Credit Agreement, and (iii) the consummation of the transactions contemplated by this Agreement, including any retention bonuses, "success" fees, change of control payments and any other payment obligations of Sellers or of any of their predecessors payable as a result of the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any outstanding and unpaid bonus, commission or incentive obligations in respect of any current or former employee, officer, director or other individual service provider of Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) all Liabilities relating to Rejection Damages Claims;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) all Liabilities relating to claims, actions, suits, arbitrations, litigation matters, proceedings or investigations (in each case whether involving any Third Party or Governmental Authority) involving, against, or affecting any Purchased Assets or Assumed Liabilities, the Business, Sellers, any of their Affiliates or predecessors, or any assets or properties of Sellers or of any of their predecessors, in each case relating to, resulting from, caused by or arising out of the ownership, operation or control of the Business to the extent accruing, arising out of or relating to events, occurrences, acts or omissions occurring or existing on or before the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) all Liabilities relating to claims, actions, suits, arbitrations, litigation matters, proceedings or investigations (in each case whether involving any Third Party or Governmental Authority) involving, against, or affecting Sellers or any of their Subsidiaries, in each case relating to, resulting from, caused by or arising out of employment disputes or disputes with third party distributors, to the extent accruing, arising out of or relating to events, occurrences, acts or omissions occurring or existing on or before the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) all Liabilities arising under Environmental Law relating to, resulting from, caused by or arising out of the ownership, operation or control of the Business, to the extent accruing, arising out of or relating to events, occurrences, acts or omissions occurring or existing on or before the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any Liability (whether arising before, on or after the Closing Date) with respect to any Business Employee or current or former employee of Sellers or any of their Subsidiaries who is not a Continuing Employee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) all Liabilities relating to claims for indemnification of any present or former officer, manager, employee, partner or member of any Seller whether arising under bylaws, certificates of formation or other formation documents, or Contract in each case arising out of or relating to (i) events, occurrences, acts or omissions occurring or existing on or before the Closing Date or (ii) the operation of the Business or the Purchased Assets by Buyer on or before the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) all Liabilities for ordinary course accounts payable incurred and unpaid by any Seller as of the Closing Date that are not expressly assumed by Buyer pursuant to <u>Section 2.2.1(g)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) any Liabilities arising out of a Contract, including any Contract for the lease, sublease, license, or other right to use or occupy real property, that is not a Purchased Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) the Liabilities set forth on <u>Section 2.2.2(r)</u> of the Seller Disclosure Schedules, which Section of the Seller Disclosure Schedules may be modified by Buyer from the date hereof through one (1) Business Day prior to the Auction, but in the event no Auction is held, the Sale Hearing in accordance with <u>Section 4.3.4</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Liabilities of the Acquired Entities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3** **Consideration**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3.1** <u>Purchase Price</u>. Upon the terms and subject to the conditions of this Agreement, the aggregate consideration for the Purchased Assets will consist of (a) a credit bid pursuant to Section 363(k) of the Bankruptcy Code (the "**Credit Bid**") of obligations equal to (i) the full amount of the DIP Obligations (other than, for the avoidance of doubt, the Convertible Roll-Up DIP Obligations, including all principal, fees, penalties and other obligations thereunder (by the DIP Agent on behalf of the DIP Lenders), *plus* (ii) the Prepetition Super Priority Notes Obligations (by the Prepetition Super Priority Notes Trustee on behalf of the Prepetition Super Priority Noteholders) which, when added to the DIP Obligations, shall equal $41,952,668 in the aggregate; *provided*, to the extent any aspect of the amount of the DIP Obligations and/or the Prepetition Super Priority Notes Obligations is modified pursuant to an order of the Bankruptcy Court, Buyer shall have the right, in accordance with the Bidding Procedures Order, to include in such Credit Bid all or any other portion of Buyer's claims against the Debtor (including, without limitation the Convertible Roll-Up DIP Obligations and the Prepetition Convertible Notes Obligations) and (b) the assumption of the Assumed Liabilities (the sum of <u>clauses (a)</u> and <u>(b)</u>, collectively, the "**Purchase Price**"); *provided*, that the Buyer reserves the right to increase the Purchase Price (including any component thereof) pursuant to and in accordance with the Bidding Procedures Order or to use cash consideration for the Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3.2** <u>Cure Costs</u>. As soon as reasonably practicable and, in any event no later than three (3) Business Days prior to when filed with the Bankruptcy Court, Sellers shall deliver to Buyer a certificate setting forth the Cure Costs (together with reasonable supporting documentation) (the "**Cure Cost Certificate**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3.3** <u>Allocation of Consideration</u>. Buyer shall reasonably allocate the Purchase Price (and the Assumed Liabilities or any other items treated as consideration, to the extent properly taken into account under applicable tax Laws, the "**Tax Laws**") among the Purchased Assets in accordance with Section 1060 of the Code and all other applicable Tax Laws (the "**Allocation**") within ninety (90) days following the Closing and shall deliver to Sellers a copy of such Allocation promptly after such determination. Sellers shall have the right to review and raise any reasonable objections in writing to the Allocation during the thirty (30) day period after their receipt thereof. If Sellers disagree with respect to any item in the Allocation, the Parties shall negotiate in good faith to attempt to resolve the dispute. To the extent Buyer and Sellers cannot resolve any such dispute, the dispute will be referred to a nationally recognized accounting firm to be mutually agreed on by Buyer and Sellers (the "**Accounting Firm**") for resolution. Buyer and Sellers agree to file their respective IRS Form 8594 and all federal, state and local Tax Returns in accordance with the Allocation (as agreed by the Parties or as resolved by the Accounting Firm) and agree not to take any position inconsistent with the Allocation in any Tax Return, in any refund claim, in any litigation or otherwise, except as otherwise required by a "determination" as defined in Section 1313(a) of the Code (or corresponding provision of state or local law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4** **Closing**. Pursuant to the terms and subject to the conditions of this Agreement, the closing of the transactions contemplated hereby (the "**Closing**") shall take place at the New York, New York offices of Fried, Frank, Harris, Shriver & Jacobson LLP, at 10:00 a.m. local time, on the third (3rd) Business Day following satisfaction of all conditions (other than those that by their terms are to be satisfied or taken at the Closing, but subject to the satisfaction or waiver of such conditions on the Closing Date) set forth in <u>Article VI</u> (or, to the extent permitted by applicable Law, waived by the Party entitled to the benefits thereof), or such other time and place as the Parties may mutually agree to in writing (email being sufficient) (such date of the Closing being hereinafter referred to as the "**Closing Date**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5** **No Offset**. Buyer's obligations under this <u>Article II</u> shall not be subject to offset or reduction.

**Article III<br> REPRESENTATIONS AND WARRANTIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1** **Representations and Warranties of Sellers**. Sellers represent and warrant to Buyer as of the Original Execution Date as follows, with each such representation and warranty subject to (a) such exceptions, if any, as are set forth in the corresponding section of the Seller Disclosure Schedules and (b) disclosure in any reports, schedules, forms, statements and other documents (including exhibits and all other information incorporated therein) required to be filed or furnished by Sellers with the SEC (the "**Seller SEC Documents**") publicly filed or furnished on or after the Look-Back Date and at least two (2) Business Days prior to the date of this Agreement other than any information (other than statements of fact) in the "*Risk Factors,*" or "*Note About Forward-Looking Statements*" sections of such Seller SEC Documents or other forward-looking or predictive statements in such Seller SEC Documents; *provided*, *however*, that nothing disclosed in the Seller SEC Documents filed by Sellers prior to the date hereof shall be deemed to modify or qualify any representation or warranty set forth in <u>Section 3.1.1</u> (*Organization; Good Standing; Qualification*), <u>Section 3.1.2</u> (*Authority and Enforceability*), <u>Section 3.1.3</u> (*Authorizations and Consents*), <u>Section 3.1.4</u> (*No Broker*), and <u>Section 3.1.5</u> (*Capitalization*). Disclosures in any section or paragraph of the Seller Disclosure Schedules shall be deemed disclosed with respect to any other sections or paragraphs of this Agreement to the extent that it is reasonably apparent from the face of such disclosure that such disclosure is applicable to such other sections or paragraphs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.1** <u>Organization; Good Standing; Qualification</u>. Each Seller is validly existing and in good standing under the Laws of the jurisdiction of its organization. Each Acquired Entity is validly existing and in good standing under the Laws of the jurisdiction of its organization (to the extent such concept exists in such jurisdiction). Sellers are duly qualified to carry on business in each jurisdiction in which the nature or character of the properties and assets owned, leased or operated by it, including for greater certainty, the Purchased Assets, or the nature of its business or activities, including for greater certainty, the operation of the Business, makes such qualification necessary, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect. Each Acquired Entity is duly qualified or otherwise authorized to carry on business in each jurisdiction in which the nature or character of the properties and assets owned, leased or operated by it or the nature of its business or activities makes such qualification necessary, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect. Sellers have delivered to Buyer accurate and complete copies of the Fundamental Documents of each of the Acquired Entities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.2** <u>Authority and Enforceability</u>. Each Seller has the requisite power, authority and capacity to enter into this Agreement and the Ancillary Agreements to which it is or will be a party and, subject to the Bidding Procedures Order and Sale Order, to perform its obligations hereunder or thereunder and to complete the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Ancillary Agreement to which it is or will be a party, the performance of the obligations hereunder or thereunder and the consummation of the transactions contemplated hereby or thereby have been, or will be at or prior to Closing, duly authorized by all necessary action on the part of each Seller. This Agreement and each of the Ancillary Agreements to which each Seller is or will be a party, have been, or will be at or prior to Closing, duly executed and delivered by such Seller, and, subject to the Bankruptcy Court's entry of the Sale Order, constitute or will constitute a legal, valid and binding obligation of such Seller, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other similar Laws relating to limitations of actions or affecting the availability of equitable remedies and the enforcement of creditors' rights generally and by general principles of equity (the "**Enforceability Exceptions**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.3** <u>Authorizations and Consents</u>. Except for (a) the entry of the Bidding Procedures Order and the Sale Order and, as applicable, the expiration or waiver of the Bankruptcy Court of the applicable 14-day period set forth in Rule 6004(h) of the Bankruptcy Rules, (b) the delivery to the applicable Regulatory Authority of the Regulatory Approval Transfer Documentation and, if applicable the approval by the applicable Regulatory Authority of the transfer of the Purchased Regulatory Approvals to Buyer or a Designated Purchaser, (c) items disclosed in <u>Section 3.1.3</u> of the Seller Disclosure Schedules, and (d) as deemed necessary or advisable pursuant to the Antitrust Laws and FDI Laws in accordance with <u>Section 6.1.2</u>, no material Order, Permit, license, consent, approval, waiver, notification or filing, in each case, with a Governmental Authority, is required on the part of Sellers for the execution and delivery by Sellers of this Agreement, the performance by Sellers of their obligations hereunder or thereunder and the consummation of the transactions contemplated hereby and thereby, including, for greater certainty, the transfer of the Purchased Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.4** <u>No Broker</u>. Sellers have not used any broker or finder in connection with the transactions contemplated hereby, except that Sellers have engaged the Sellers' Financial Advisor as its financial advisor, and no other broker, finder or investment banker is entitled to any fee or commission from Sellers in connection with the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.5** <u>Capitalization</u>. <u>Section 3.1.5(a)</u> of the Seller Disclosure Schedules sets forth the authorized Equity Securities of each Acquired Entity and a complete and correct list of the issued and outstanding Equity Securities of each Acquired Entity. All of the outstanding Equity Securities of each Acquired Entity have been validly issued and, if applicable, are fully paid and non-assessable and are held of record by the Company or a Subsidiary of the Company. Except as set forth on <u>Section 3.1.5(b)</u> of the Seller Disclosure Schedules, no Acquired Entity owns or otherwise holds, directly or indirectly, any Equity Security in any Person. No Acquired Entity has violated any applicable federal or state securities Laws in connection with the offer, sale or issuance of any of its Equity Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.6** <u>Litigation</u>. <u>Section 3.1.6</u> of the Seller Disclosure Schedules sets forth a list of all material Litigation to which Sellers or any of their Subsidiaries is a Party as of the Original Execution Date relating to any of the Purchased Assets, the Assumed Liabilities or the Business as of the Original Execution Date. Except for the Chapter 11 Cases and the Litigation listed on <u>Section 3.1.6</u> of the Seller Disclosure Schedules, as of the Original Execution Date there are no, and since the Look-Back Date to the Original Execution Date there has not been any, material Litigation pending or, to Sellers' Knowledge, threatened against the Purchased Assets or, to the extent involving or related to the operations or conduct of the Business (including with respect to any current or former employees or other individual service providers who provided services to the Business), against Sellers or their Subsidiaries. Except as set forth on <u>Section 3.1.6</u> of the Seller Disclosure Schedules, as of the Original Execution Date, there are no material Orders of or by a court of competent jurisdiction or other Governmental Authority outstanding against Sellers with respect to the Business or any of the Purchased Assets, except for the Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.7** <u>No Violation</u>. Subject to (a) the entry of the Bidding Procedures Order and the Sale Order and, as applicable, the expiration or waiver of the Bankruptcy Court of the applicable 14-day period set forth in Rule 6004(h) of the Bankruptcy Rules, (b) the delivery to the applicable Regulatory Authority of the Regulatory Approval Transfer Documentation and, if applicable the approval by the applicable Regulatory Authority of the transfer of the Purchased Regulatory Approvals to Buyer or a Designated Purchaser, and (c) items disclosed in <u>Section 3.1.7</u> of the Seller Disclosure Schedules, the execution and delivery by each Seller of this Agreement and each Ancillary Agreement to which it is or will be a party, the performance by each Seller of its obligations hereunder or thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not: (i) result in a violation of any Law applicable to such Seller; (ii) result in a breach of, or conflict with, the constituent documents of such Seller or the Acquired Entities; (iii) result in a breach of or result in the loss of any rights or the imposition of obligations under, any Purchased Contract or Purchased Permit; or (iv) result in the creation of any Encumbrance (other than any Permitted Encumbrance) upon the Purchased Assets other than Encumbrances created solely as a result of the acquisition by Buyer of the Purchased Assets and assumption of the Assumed Liabilities, in each case of clauses (i) and (iii), except as would not have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.8** <u>Purchased Assets</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Sellers have good and marketable title to, a valid leasehold interest in or the right to use, all of the Purchased Assets. Upon the entry and effectiveness of the Sale Order, Sellers will have the power and right to sell, assign, transfer, convey and deliver, as the case may be, to Buyer the Purchased Assets, free and clear of all Encumbrances other than Permitted Encumbrances and Assumed Liabilities. Other than Encumbrances that will be released upon the entry and effectiveness of the Sale Order, Sellers own or have rights to, and upon delivery to Buyer at the Closing will transfer to Buyer, good title to or a valid leasehold interest in all of the Purchased Assets, free and clear of all Encumbrances, except for Permitted Encumbrances and Assumed Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Purchased Assets, together with the services to be provided under the Transition Services Agreement (if applicable), constitute certain of the properties, assets, claims, interests and rights (other than the Excluded Assets) that are used in or held for use in the conduct of the Business as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as set forth in <u>Section 3.1.8(c)</u> of the Seller Disclosure Schedules, no other Person (other than Sellers and their Subsidiaries) owns any assets that are material to operate the Business in substantially the same manner as conducted by Sellers and their Subsidiaries before Closing except for personal property leased by Sellers, Intellectual Property and computer software and programs licensed to Sellers, products sold pursuant to distribution or similar contracts with Sellers, and the Excluded Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Except as set forth in <u>Section 3.1.8(d)</u> of the Seller Disclosure Schedules, neither Sellers nor any Subsidiary is a party to any agreement or option to purchase any real property or interest therein, other than as may be provided in connection with the Leased Real Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.9** <u>Intellectual Property</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Section 3.1.9(a)</u> of the Seller Disclosure Schedules sets forth a correct and complete list of all Owned Intellectual Property that is registered, issued, or the subject of an application for registration or issuance, including Patents, Trademarks, Copyrights, and domain names. All Intellectual Property set forth on <u>Section 3.1.9(a)</u> of the Seller Disclosure Schedules is, to Sellers' Knowledge, subsisting, valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Sellers or their Subsidiaries own all right, title and interest in and to, free and clear of all Encumbrances (other than Permitted Encumbrances) all Owned Intellectual Property, and, except as would not reasonably be expected to be material to the Business, taken as a whole, have a valid right to use, under a Purchased Contract, all other Purchased Intellectual Property. The Purchased Intellectual Property and Purchased Technology constitute all material Intellectual Property necessary for the operation of the Business as presently conducted. Except as would not be adverse to the Business, Sellers or their Subsidiaries are in possession of or have access to all Owned Technology. Except as would not be material and adverse to the Business, Sellers or their Subsidiaries are in possession of or have access to all other Purchased Technology.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) To Sellers' Knowledge, the operation of the Business has not, in the past three (3) years, infringed, misappropriated or violated any Intellectual Property of any Third Party and (ii) except as set forth on <u>Section 3.1.19(c)</u> of the Seller Disclosure Schedules, no Claims or actions are pending or, to Sellers' Knowledge, threatened in writing, (A) regarding infringement, misappropriation, dilution, or other violation of the Intellectual Property of any Person against Sellers or their Subsidiaries in respect of the conduct or operation of the Business by Sellers or their Subsidiaries, or (B) challenging the ownership, validity, enforceability or use of any Owned Intellectual Property or, to Sellers' Knowledge, other Purchased Intellectual Property to which Sellers or their Subsidiaries have exclusive rights (except, in each case, for non-final office actions).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Except as would not reasonably be expected to have Material Adverse Effect, to Sellers' Knowledge, no Person is, or has been for the past three (3) years, infringing, misappropriating or otherwise violating any Owned Intellectual Property or other Purchased Intellectual Property to which Sellers or their Subsidiaries have exclusive rights, and no such Claims have been asserted or threatened against any Person by Sellers, or to Sellers' Knowledge, any other Person, since the Look-Back Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except as would not reasonably be expected to have a Material Adverse Effect, all current and former employees, independent contractors, and consultants who have been involved in the creation, invention, development, authorship, conception, modification or improvement of any Intellectual Property on behalf of Sellers or the Business during the course of their employment or engagement ("**Contributors**") have signed and delivered to Sellers written agreements including confidentiality and non-disclosure obligations in favor of Sellers and their Subsidiaries. Except as would not reasonably be expected to have a Material Adverse Effect, all Owned Intellectual Property created or developed by Contributors has either vested in Sellers or their Subsidiaries by operation of law or such Contributors have signed and delivered to Sellers written agreements including present-tense assignment to Sellers or one of their Subsidiaries of such Intellectual Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Sellers have taken commercially reasonable measures to maintain and protect the Owned Intellectual Property and Owned Technology (including by timely making all applicable filing, examination, maintenance, or renewal fees), and the secrecy and value of all Trade Secrets in Sellers or their Subsidiaries' possession and used in connection with the Business. No material Trade Secrets included in the Owned Intellectual Property or Owned Technology have been disclosed or authorized to be disclosed to any Person, other than in the Ordinary Course pursuant to a written non-disclosure agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Since the Look-Back Date, Sellers and their Subsidiaries have been in compliance, in all material respects, with all applicable Laws, privacy policies, and Contracts relating to the collection, use, storage, destruction, modification, transfer, and other processing of Personal Data collected or used by Sellers and their Subsidiaries in the conduct of the Business. To Sellers' Knowledge (i) there has been no material unauthorized access to any information technology systems used in the operation of the Business (or data stored in or processed thereby), nor (ii) any unauthorized access, disclosure, destruction, modification, or use of Personal Data that would require notification of individuals, other affected Persons, or any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.10** <u>No Material Disposals</u>. Since the Look-Back Date, Sellers have not sold or otherwise disposed of any assets (including any licenses, assignments, transfers, or abandonments of Intellectual Property or tangible embodiments thereof) that are material to the Business, other than for sales of the Products, expiration of any registered or issued Intellectual Property in accordance with its maximum statutory term and non-exclusive licenses granted in the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.11** <u>Absence of Certain Changes</u>. Except as set forth in <u>Section 3.1.11</u> of the Seller Disclosure Schedules, since December 31, 2024, (a) no event, result, effect, occurrence, fact, circumstance, development, condition or change has occurred or arisen that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (b) Sellers have not taken any action that would be prohibited by <u>Section 4.2</u> if taken during the Interim Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.12** <u>Employee and Benefit Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Section 3.1.12(a)</u> of the Seller Disclosure Schedules lists each material Plan, separated by jurisdiction and identifies each Assumed Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Plan is and has been established, funded, maintained and administered in all material respects in accordance with its terms and with the requirements of ERISA, the Code and other applicable Law (except with respect to each Plan that is not an Assumed Plan, to the extent that the failure to so establish, fund, maintain and administer would not be reasonably expected, individually or in the aggregate, to result in material Liability to Buyer or any of its Affiliates). With respect to each Assumed Plan, all contributions and premium payments for all periods ending on the Closing Date have been made, there has been no prohibited transaction (as defined under Section 406 of ERISA or Section 4975 of the Code) or breach of fiduciary duty (as determined under ERISA) that would result in material Liability to Buyer or any of its Affiliates, and there are no material Liabilities by reason of an individual being improperly excluded from participating in any Plan or any Person being improperly allowed to participate in any Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Plan is, and neither Sellers nor any of their Affiliates have any Liability under or with respect to, (i) a multiemployer plan within the meaning of Section 3(37) of ERISA or has two or more contributing sponsors, at least two of whom are not under common control, within the meaning of Section 4063 of ERISA, (ii) a plan that is or was subject to Section 4063 or 4064 of ERISA, or (iii) a plan that is or was subject to Section 412 of the Code, Section 430 of the Code or Title IV of ERISA. No Plan is a "multiple employer welfare arrangement" (as defined in Section 3(40) of ERISA) or a "multiple employer plan" (within the meaning of Section 210 of ERISA or Section 413 of the Code).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If intended to be qualified within the meaning of Code Section 401(a), each Plan has received a favorable determination letter from the IRS as to its qualification, and nothing has occurred that would reasonably be expected to cause a loss of such qualification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby could, alone or together with any other event, (i) result in or cause the accelerated vesting, funding or delivery of, or increase the amount or value of, any payment, compensation or benefit, including severance, to any Business Employee or individual independent contractor of the Business, (ii) require a contribution to any Assumed Plan, or (iii) result in any payment (whether in cash, property or the vesting of property) that would reasonably be expected to, individually or in combination with any other such payment, constitute an "excess parachute payment" (within the meaning of Section 280G of the Code).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) There are no pending or, to Sellers' Knowledge, threatened (i) investigations or audits by any Governmental Authority involving the Assumed Plans or the employment practices of Sellers or any of their Subsidiaries, or (ii) claims or Litigation with respect to any Assumed Plan or the employment practices of Sellers or any of their Subsidiaries (other than routine claims for benefits or appeals thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Since the Look-Back Date through the Original Execution Date, there has not been, or to Sellers' Knowledge, threatened, any allegation of sexual harassment, sexual abuse or sexual misconduct by or against any current or former director or officer of Sellers or any of their Subsidiaries (in their capacity as such), and neither Sellers nor any of their Subsidiaries have entered into any settlement agreement related to allegations or threatened allegations of sexual harassment, sexual abuse or sexual misconduct by or by any current or former director or officer of Sellers or any of their Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Neither Sellers nor any of their Affiliates have any Liability to provide retiree, post-ownership or post-termination health, life or other welfare benefits to any Person, other than as required by Section 4980B of the Code and any similar Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Sellers have made available to Buyer a complete, current and accurate list of each individual who is a Business Employee as of the Original Execution Date (to be updated after the Original Execution Date in accordance with <u>Section 5.12.1</u>), including for each, (i) name or employee identification number, (ii) job title, (iii) date of hire, (iv) annual salary or hourly rate (as applicable), (v) exempt or non-exempt status (for Business Employees located in the United States), (vi) primary work location, (vii) active or inactive status, (viii) employing entity, (ix) visa type, status and sponsoring entity (if applicable), and (x) whether represented by a union, works council, labor organization or other employee representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Sellers and their Subsidiaries are not a party to, nor bound by, any collective bargaining agreement or other labor-related contract with a union, works council, labor organization, or other employee representative (each, a "**Collective Bargaining Agreement**"), and none are currently being negotiated; and, to Sellers' Knowledge, no Business Employees are represented by any labor union, labor organization, works council, or employee representative with respect to their employment with Sellers and their Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) With respect to each Plan that is maintained for current or former employees or other service providers who reside or work primarily outside of the United States (a "**Non-U.S. Plan**"): (i) each Non-U.S. Plan required to be registered has been registered and has been maintained in good standing in all material respects with any applicable Governmental Authority; (ii) no Non-U.S. Plan is a defined benefit plan (as defined in ERISA, whether or not subject to ERISA), seniority premium, termination indemnity, gratuity or similar plan or arrangement; and (iii) no material unfunded or underfunded Liabilities exist with respect to any Non-U.S. Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Neither Sellers nor any of their Affiliates have any obligation to gross-up, indemnify or otherwise reimburse any Business Employee, or individual independent contractor of the Business for any Tax incurred by such individual, including under Section 409A or 4999 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.13** <u>Compliance with Laws</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as set forth in <u>Section 3.1.13(a)</u> of the Seller Disclosure Schedules, the Business is currently being, and since the Look-Back Date has been, conducted in compliance, in all material respects, with all applicable Laws. Sellers have not received any written or, to Sellers' Knowledge, oral notice of any actual or alleged material non-compliance or violation of any Laws from any Governmental Authority in connection with the ownership of the Purchased Assets or the operation of the Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Sellers and their Subsidiaries are and have been since the Look-Back Date in possession of all material Permits and Regulatory Approvals pursuant to any applicable Law required for the ownership or operation of the Purchased Assets or Assumed Liabilities. All such Permits and Regulatory Approvals are in full force and effect, no default (with or without notice, lapse of time or both) has occurred under any such Permit or Regulatory Approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Since the Look-Back Date, none of Sellers or any of their Subsidiaries has received any written notice from any Governmental Authority threatening to suspend, revoke, or withdraw any such Permit or Regulatory Approval, nor, except as set forth in <u>Section 3.1.13(c)</u> of the Seller Disclosure Schedules have they received or been subject to any Form 483s, FDA warning letters, adverse inspection, compelled or voluntary recall, market withdrawal or replacement, post-sale warning, investigation, penalty for corrective or remedial action or corrective action plan, in each case relating to the Products or the facility in which the Products were manufactured or stored, by any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Since the Look-Back Date, none of Sellers or any of their Subsidiaries has, nor, to Sellers' Knowledge, any employee or agent of Sellers or any Subsidiary has made an untrue statement of material fact or fraudulent statement to any Governmental Authority with respect to any Product. To Sellers' Knowledge, none of the current employees or suppliers of Sellers or any of their Subsidiaries are currently debarred or suspended, or threatened in writing with debarment or suspension for the award of contract by any Governmental Authority or for participation in governmental healthcare programs such as Medicare or Medicaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.14** <u>Purchased Contracts</u>. As of the Original Execution Date, each Purchased Contract listed or described in <u>Section 2.1.1(e)</u> of the Seller Disclosure Schedules is in full force and effect and is a valid and binding obligation of Sellers or their Subsidiaries and, to Sellers' Knowledge, the other parties thereto, in accordance with its terms and conditions, in each case except as such enforceability may be limited by the Enforceability Exceptions. Sellers have made available to Buyer correct and complete copies of all Purchased Contracts in effect as of the Original Execution Date. Except for those arising out of the Chapter 11 Cases and payment of the Cure Costs set forth in the Cure Cost Certificate, (i) no Seller is in material breach or material default of its obligations under any Purchased Contract, (ii) to Sellers' Knowledge, no condition exists that with notice or lapse of time or both would constitute a material default by a Seller or their applicable Subsidiary under any such Purchased Contract, and (iii) to Sellers' Knowledge, no other party to any such Purchased Contract is in material breach or default thereunder. Neither Sellers nor any Subsidiary have subleased, licensed or otherwise granted to any third Person (unaffiliated with Sellers and its Subsidiaries) the right to use or occupy any Leased Real Property or any portion thereof. Neither Sellers nor any Subsidiary have collaterally assigned or granted any other security interest in any Leased Real Property or any interest therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.15** <u>Financial Statements</u>. (a) The audited consolidated balance sheet of the Company as of December 31, 2024 and the related consolidated statements of operations and comprehensive loss, stockholders' deficit, and cashflows for the year ended December 31, 2024, and (b) (i) the unaudited consolidated balance sheet of the Company as of March 31, 2025 and (ii) the unaudited consolidated statement of operations of the Company for the three (3) month period ended March 31, 2025 (in each case of (b)(i) and (b)(ii), as set forth in the Seller Disclosure Schedules)(collectively, the "**Financial Statements**") have been prepared in conformity with United States generally accepted accounting principles ("**GAAP**") (except as disclosed in the notes thereto and except that the unaudited Financial Statements do not contain footnotes and are subject to normal year-end audit adjustments) applied on a consistent basis throughout the periods covered except as otherwise noted therein. The Financial Statements fairly present in all material respects the financial condition of Sellers and their Subsidiaries as of the dates indicated therein and the operating results of Sellers and their Subsidiaries for the periods indicated therein, subject to normal year-end audit adjustments and the absence of footnotes in the case of the unaudited Financial Statements. <u>Section 3.1.15</u> of the Seller Disclosure Schedules sets forth the Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.16** <u>Books and Records</u>. The Purchased Product Records have been maintained in accordance with all applicable Laws in all material respects, and such Purchased Product Records are complete and accurate in all material respects. True and correct copies of all material Purchased Product Records have been made available to Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.17** <u>Sanctions and Export Controls</u>. None of Sellers or any of their Subsidiaries, nor, to Sellers' Knowledge, any of their respective directors, officers or employees is a Sanctioned Person. The Business is currently, and since April 24, 2019, has been, conducted in compliance, in all material respects, with all applicable Sanctions and Export Control Laws. To Sellers' Knowledge, there are no pending or threatened actions or investigations related to violations of Sanctions or Export Control Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.18** <u>Foreign Corrupt Practices Act</u>. Sellers and their Subsidiaries are currently, and since the Look-Back Date have been, in material compliance with all applicable anti-bribery and anti-corruption Laws (the "**Anti-Corruption Laws**"), including the Foreign Corrupt Practices Act of 1977, as amended. Sellers and their Subsidiaries currently maintain, and since the Look-Back Date have maintained, policies and procedures reasonably designed to ensure compliance by Sellers and their Subsidiaries with, and to prevent breaches by Sellers and their Subsidiaries of, the Anti-Corruption Laws. To Sellers' Knowledge, there are no pending or threatened Litigations against or involving Sellers, their Subsidiaries, or the operation of the Business related to violations of Anti-Corruption Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.19** <u>Environmental Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Business is, and since the Look-Back Date has been, conducted in compliance in all material respects with all Environmental Laws, which compliance has included possessing and maintaining all material Permits required under Environmental Law for the operation of the Business or the ownership or operation of the Purchased Assets and complying in all material respects with all Permits required under Environmental Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither Sellers nor any of their Subsidiaries have received any written notice, and no Claim is pending or, to Sellers' Knowledge, threatened, in each case, alleging any material violation of, or material Liability under, Environmental Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither Sellers nor any of their Subsidiaries (nor, to Sellers' Knowledge, any other Person to the extent giving rise to Liability for Sellers or any of their Subsidiaries) have released, exposed any Person to, or owned or operated any property or facility contaminated by, any Hazardous Material, in each case, so as to give rise to any material Liability of Sellers and their Subsidiaries under Environmental Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Sellers and their Subsidiaries have furnished to Buyer all material environmental audits, reports, assessments and other material documents relating to the current properties, facilities or operations of the Business or the Purchased Assets, in each case, that are in their possession and that relate to Environmental Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.20** <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) All material Tax Returns required to be filed by the Acquired Entities, or with respect to any Purchased Assets, have been timely filed (taking into account extensions) and all such Tax Returns are true, correct and complete in all material respects, (ii) all material Taxes required to be paid by Acquired Entities (or due and payable with respect to the Purchased Assets) have been timely paid, whether or not shown as due on any Tax Return, and (iii) all material Tax withholding, collection and deposit obligations imposed on or with respect to Acquired Entities or the Purchased Assets have been satisfied in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) No Tax proceeding for material unpaid Taxes with respect to the Acquired Entities or any Purchased Asset is ongoing, pending or being proposed or threatened in writing by a Governmental Authority, (ii) no assessment, deficiency or adjustment with respect to material Taxes has been asserted, or proposed or threatened in writing, with respect to the Acquired Entities or any Purchased Asset, other than any assessment, deficiency or adjustment which has been fully satisfied by payment, settled or withdrawn, and (iii) in the past three years, no claim has been made by a Governmental Authority in a jurisdiction in which Sellers and their Subsidiaries do not file Tax Returns or pay Taxes that any Sellers or their Subsidiaries is or may be required to file a Tax Return or pay Taxes in that jurisdiction with respect to the Acquired Entities or any Purchased Asset;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) No Acquired Entity is a party to or bound by any Tax allocation, sharing, or indemnity agreement or arrangement with any Person (including any advance pricing agreement or other similar agreement relating to Taxes with any Governmental Authority) (other than any such agreement or arrangement entered into in the Ordinary Course that is not primarily related to Taxes) for which it will have any obligation after the Closing, and (ii) no Acquired Entity (x) has ever been a member of any consolidated, affiliated, combined, unitary or similar group with respect to Taxes (other than a group the common parent of which is or was Sellers or any of their Affiliates (including any Acquired Entity)) or (y) has any liability for the Taxes of any Person (other than Sellers or any of their Affiliates (including any Acquired Entity)) under Treasury Regulations § 1.1502-6 (or any corresponding provisions of U.S. state or local or non-U.S. Tax Law), as a transferee or successor, or by Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No Acquired Entity has requested or consented to extend the time or is the beneficiary of any extension of time (i) with respect to the due date for the filing of any Tax Return of any Acquired Entity (other than any automatic or automatically granted extension) or (ii) in which any Tax may be assessed or collected by any Governmental Authority (other than any extension which is no longer in effect or any automatic extension as a result of any ongoing Tax proceeding);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No Acquired Entity is subject to Tax in any jurisdiction, other than the country in which it is organized, by virtue of having, or being deemed to have, a permanent establishment, fixed place of business or similar presence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) There are no Encumbrances with respect to Taxes upon any of the Purchased Assets other than Permitted Encumbrances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) After the Closing, the Acquired Entities will not be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any Post-Closing Tax Period as a result of any: (i) change in method of accounting for a taxable period ending on or prior to the Closing Date; (ii) "closing agreement" as described in Section 7121 of the Code (or any corresponding or similar provision of U.S. state or local or non-U.S. Tax Law) executed prior to the Closing; (iii) intercompany transaction or any excess loss account described in Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of U.S. state or local or non-U.S. Tax Law) entered into or created prior to the Closing; (iv) installment sale or open transaction disposition made prior to the Closing; (v) improper method of accounting utilized for a taxable period ending on or prior to the Closing Date; or (vi) prepaid amount received or deferred revenue accrued prior to the Closing outside the Ordinary Course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Accelerate Diagnostics Texas, LLC is and at all times since its formation has been properly classified as an entity disregarded as separate from the Company for U.S. federal and applicable U.S. state and local income Tax purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Schedule 3.1.20(i)</u> sets forth the registered name of each of the Acquired Entities and its entity classification for U.S. federal income Tax purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) No Governmental Authority has treated any of the Acquired Entities, for any tax purpose, as resident in a country other than its country of incorporation or formation or has determined that any of the Acquired Entities has a permanent establishment for income tax purposes in a country other than its country of incorporation or formation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Each of the Acquired Entities has complied in all material respects with all relevant statutory provisions, regulations, and any other rules or conditions by any Governmental Authority pursuant thereto relating to value added tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) All intercompany and related party transactions or arrangements involving any Acquired Entity have been conducted on an arm's-length basis in material compliance with applicable Law and appropriate documentation has been maintained for transfer pricing purposes in all material respects; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) None of the Acquired Entities have received or requested any material Tax ruling or Tax concession provided by any Governmental Authority nor any material Tax exemption, Tax holiday or other Tax reduction agreement or order of a Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.21** <u>Material Contracts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Section 3.1.21(a)</u> of the Seller Disclosure Schedules contains a complete and correct list, as of the date of this Agreement, of each Contract described below in this <u>Section 3.1.21(a)</u> to which Sellers or any of their Subsidiaries is a party and under which Sellers or any of their Subsidiaries have any current or future rights, responsibilities, obligations or liabilities in connection with the Business, other than (A) any stand-alone purchase order not made pursuant to a separate Contract (as long as such purchase order does not impose future obligations on Sellers or their Subsidiaries outside of the Ordinary Course for purchase orders of such products), (B) any Plan or confidentiality agreements to which Sellers or their Subsidiaries is a party and (C) any Excluded Contracts (all Contracts of the type described in this <u>Section 3.1.21(a)</u>, being referred to herein as the "**Material Contracts**"), each such Contract that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is or would be required to be filed as an exhibit to Sellers' Annual Report on Form 10-K pursuant to Item 601(b)(10) of Regulation S-K under the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is with a Top Customer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) is with a Top Supplier;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) requires expenditures by Sellers or payments to be received by Sellers in excess of $100,000 in the previous twelve (12) month period and/or in the next twelve (12) month period, in each case, as measured from the Original Execution Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) relates to the incurrence by Sellers of any indebtedness for borrowed money or any capitalized lease obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) relates to the acquisition or disposition outside the Ordinary Course of any material assets or any material business, or any capital stock or equity interests of any Person (whether by merger, sale or purchase of stock, sale or purchase of assets or otherwise) entered into during the two (2) year period prior to the Original Execution Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) (A) limits or purports to limit, in any material respect, the freedom of the Business to engage or compete in any line of business or with any Person or in any geographic area, (B) contains exclusivity or "most favored nation" obligations to which the Business is subject in favor of any Person or (C) contains any other provisions restricting or purporting to restrict the ability of the Business to Research, Commercialize or otherwise Exploit the Products in any material respect, directly or indirectly through third parties (in the case of <u>clauses (A)</u>, <u>(B)</u> and <u>(C)</u>, other than any such restriction or purported restrictions that have a *de minimis* effect on the Business);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) is a Contract pursuant to which Sellers (A) receives any license to any Intellectual Property material to the Business or the development or Exploitation of any Product (other than (w) non-exclusive licenses to use commercially available software, (x) non-disclosure agreements, (y) licenses for open source software, and (z) licenses which are merely incidental to the primary transactions contemplated by the Contract) or (B) grants or licenses to a third party any rights to use any material Owned Intellectual Property (other than Intellectual Property licensed in the Ordinary Course on a non-exclusive basis);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) is a Collective Bargaining Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) relates to any settlement, conciliation or stipulation of any Litigation against Sellers or any of their Subsidiaries relating to any of the Purchased Assets, the Assumed Liabilities or the Business that contains any material outstanding or unsatisfied requirements (excluding confidentiality, non-disparagement, and other similar customary provisions), other than settlements of penalties in the Ordinary Course pursuant to a manufacturing agreement, distribution agreement or other Ordinary Course agreement for any Product; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) is a lease agreement pursuant to which Sellers or their applicable Subsidiaries use or occupy the Leased Real Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Sellers have made available to Buyer correct and complete copies of all Material Contracts in effect as of the Original Execution Date. Except for those arising out of the Chapter 11 Cases and payment of the Cure Costs set forth in the Cure Cost Certificate, as of the Original Execution Date, (i) Sellers are not in material breach or default of its obligations under any Material Contract, (ii) to Sellers' Knowledge, no condition exists that with notice or lapse of time or both would constitute a material default by Sellers or their applicable Subsidiary under any such Material Contract, and (iii) to Sellers' Knowledge, no other party to any such Material Contract is in material breach or default thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.22** <u>Customers and Suppliers</u>. <u>Section 3.1.22</u> of the Seller Disclosure Schedules sets forth a list of (a) the top ten (10) largest customers of the Business measured by dollar value of revenue received from such customer for the fiscal year ended December 31, 2024 ("**Top Customers**") and (b) for the same period, the top ten (10) suppliers and vendors based on the aggregate dollar amount of purchases by the Business ("**Top Suppliers**"). As of the Original Execution Date, no such customer or supplier has (i) cancelled or terminated its business relationship with the Business, or (ii) notified or informed Sellers in writing that it intends to terminate or materially alter the terms of its buying, distributing or supplying practices or its business relationship with the Business, and, to Sellers' Knowledge, do not have such intent except for Ordinary Course negotiation or re-negotiation of commercial terms. Since the Look-Back Date, the Business is not party to any material disputes concerning any defects in its products and/or services with any such Top Customer or Top Supplier except in the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2** **Representations and Warranties of Buyer**. Buyer represents and warrants to Sellers as of the Original Execution Date as follows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.1** <u>Entity Status</u>. Buyer is duly formed and validly existing under the laws of its jurisdiction of formation and has the requisite corporate power to enter into and perform its obligations under this Agreement and the Ancillary Agreements to which it is or will be a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.2** <u>Authority</u>. The execution and delivery of and performance by Buyer of this Agreement and the Ancillary Agreements to which it is or will be a party have been, or will be at or prior to Closing, authorized by all necessary corporate action on the part of Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.3** <u>No Conflict</u>. The execution and delivery of and performance by Buyer of this Agreement and the Ancillary Agreements to which it is or will be a party (a) do not and will not constitute or result in a violation or breach of, or conflict with, or allow any Person to exercise any rights under, any of the terms or provisions of Buyer's certificate of organization, bylaws or equivalent organizational documents, (b) do not and will not constitute or result in a breach or violation of, or conflict with or allow any Person to exercise any rights under, any Contract, license, lease or instrument to which it is a party; and (c) do not result in the violation of any Law applicable to Buyer, except in the case of clauses (b) and (c), as would not materially adversely affect the ability of Buyer to consummate the transactions contemplated by this Agreement and the Ancillary Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.4** <u>Required Authorizations</u>. Other than (a) delivery to the applicable Regulatory Authority of the Regulatory Approval Transfer Documentation and, if applicable the approval by the applicable Regulatory Authority of the transfer of the Purchased Regulatory Approvals to Buyer or a Designated Purchaser and entry of the Sale Order, and (b) as deemed necessary or advisable pursuant to the Antitrust Laws and FDI Laws in accordance with <u>Section 6.1.2</u>, no filing with, notice to or Order, Permit, approval, consent, waiver, license or similar authorization of, any Governmental Authority is required on the part of Buyer as a condition to the lawful consummation of the transactions contemplated by this Agreement or the Ancillary Agreements to which it is or will be a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.5** <u>Execution and Binding Obligation</u>. This Agreement and the Ancillary Agreements to which Buyer is or will be a party have been, or will be, duly executed and delivered by Buyer and constitute, or will constitute, legal, valid and binding agreements of Buyer, enforceable against it in accordance with its terms, subject only to the Enforceability Exceptions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.6** <u>Financial Capacity</u>. Buyer or one of its Affiliates has the legal right to direct, and has directed (or caused to be directed), the DIP Agent, Prepetition Super Priority Notes Trustee, and Prepetition Convertible Notes Trustee, on behalf of the DIP Lenders, the Prepetition Super Priority Noteholders, and the Prepetition Convertible Noteholders as applicable, to make a credit bid pursuant to Section 363 of the Bankruptcy Code in order to pay the Credit Bid portion of the Purchase Price, pursuant to the Bid Direction Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.7** <u>Litigation</u>. There is no material Litigation in progress, pending, or to Buyer's knowledge, threatened against Buyer or any of its Affiliates, which seeks to or would reasonably be expected to prohibit, restrict, delay or enjoin the transactions contemplated by this Agreement or the Ancillary Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.8** <u>No Broker</u>. No broker, agent or other intermediary is entitled to any fee, commission or other remuneration in connection with the transactions contemplated by this Agreement and the Ancillary Agreements based upon arrangements made by or on behalf of Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2.9** <u>Solvency</u>. Assuming (x) the accuracy of the representations and warranties set forth in <u>Section 6.2.1</u> and (y) the performance by Sellers of the covenants and agreements required to be performed by it under this Agreement prior to the Closing, immediately after giving effect to the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (including any financings being entered into in connection therewith) and taking into account all obligations of Buyer pursuant to this Agreement and the Ancillary Agreements to which it is a party: (a) the fair saleable value of the assets of Buyer will be greater than the total amount of their respective Liabilities; (b) Buyer will be solvent and able to pay its debts and obligations in the Ordinary Course as they become due; (c) no transfer of property is being made and no obligation is being incurred in connection with the transactions contemplated by this Agreement and the Ancillary Agreements with the intent to hinder, delay or defraud either present or future creditors of Buyer in connection with the transactions contemplated by this Agreement and/or the Ancillary Agreements; and (d) Buyer will have adequate capital to carry on its business and all businesses in which Buyer is about to engage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3** **Exclusivity of Representations**. In entering into this Agreement, Buyer has relied solely upon its own review and analysis, and the specific representations and warranties of Sellers expressly set forth in <u>Section 3.1</u>, and has not relied on, and hereby disclaims reliance on, any other representations, warranties, statements or omissions (whether by Sellers or another Person). Except for the representations and warranties made by Sellers in <u>Section 3.1</u> or in any Ancillary Agreement to be delivered by Sellers pursuant to this Agreement, neither Sellers nor any other Person makes any express or implied representation or warranty with respect to Sellers, their Subsidiaries or their businesses, assets, operations, liabilities, condition (financial or otherwise) or prospects (including with respect to the Purchased Assets, the Assumed Liabilities, and the Business), and Sellers hereby disclaim any such other representations or warranties. In particular, without limiting the foregoing disclaimer, except for the representations and warranties made by Sellers in <u>Section 3.1</u> or in any Ancillary Agreement to be delivered by Sellers pursuant to this Agreement, neither Sellers nor any of their Subsidiaries or Affiliates or any other Person make or have made any representation or warranty to Buyer or any of its respective Representatives, with respect to, nor has Buyer or any of its respective Representatives relied on, (i) any financial projection, forecast, estimate, budget or prospective information relating to Sellers, their Subsidiaries or the Business or (ii) any oral or written information furnished or made available to Buyer or any of its Representatives in the course of its due diligence investigation of Sellers and their Subsidiaries, the Business, the negotiation of this Agreement and the Ancillary Agreements or the consummation of the transactions contemplated hereby and thereby, including the accuracy, completeness or currency thereof, and neither Sellers nor any of their Subsidiaries or Affiliates or any other Person will have any liability to Buyer or any other Person in respect of such information, including any subsequent use of such information.

**Article IV<br> PRE-CLOSING COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1** **Access and Information**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1.1** During the Interim Period, Sellers shall, and shall cause their Subsidiaries to, (a) afford Buyer and its Representatives reasonable access to the Business and the Purchased Assets, including the Acquired Entities, and information pertaining to the Assumed Liabilities, (b) use reasonable best efforts to cause Sellers' and its Subsidiaries' employees and Representatives to cooperate with and aid Buyer and its Representatives in its investigation of the Business; *provided*, that any request or investigation under this <u>Section 4.1.1</u> shall be made or conducted on a reasonable basis by Buyer providing reasonable Notice to the Company and shall be conducted during normal business hours in such a manner as not to interfere unreasonably with the conduct of the Business, and (c) reasonably consult with Buyer regarding any material ongoing Litigation and provide Buyer with any material communications in connection therewith reasonably promptly following Sellers' receipt or delivery thereof. No investigation by Buyer or any of its Representatives or other information received by Buyer or any of its Representatives shall operate as a waiver or otherwise affect any representation, warranty or agreement given or made by Sellers (including <u>Section 7.1</u>) and shall not be deemed to amend or supplement the Seller Disclosure Schedules. Buyer acknowledges and agrees that Sellers shall be entitled to restrict any such access to or restrict information (x) as determined, in their respective reasonable discretion, to be appropriate to ensure compliance with any Law, (y) that in the reasonable judgment of Sellers would result in the disclosure of any Trade Secrets of Third Parties or violate of any of their obligations with respect to confidentiality and/or (z) to preserve any applicable attorney client privilege, attorney work product or other legal privilege; *provided*, that in the event any information is withheld pursuant to this sentence, Sellers shall promptly notify Buyer and at Buyer's request, Sellers shall use commercially reasonable efforts to the extent feasible to develop an arrangement to communicate or provide the applicable information (or a portion thereof) in a manner that would not conflict with the foregoing clauses (x), (y), or (z), as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1.2** During the Interim Period, Buyer hereby agrees it shall not contact, and it shall cause its Affiliates or Representatives to not contact, any employee, licensor, licensee, competitor, supplier, distributor or customer of Sellers or their Subsidiaries with respect to the Products, the Purchased Assets, the Business, this Agreement, the Ancillary Agreements or the transactions contemplated hereby or thereby, without the prior written consent of Sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2** **Ordinary Course of Business**. Sellers will conduct the Business in accordance with the Approved Budget in all respects. Without limiting the foregoing, except as (i) required by applicable Law or Bankruptcy Court Order, (ii) required pursuant to the DIP Order or (iii) otherwise expressly provided in this Agreement, set forth on <u>Section 4.2.1</u> of the Seller Disclosure Schedules or for actions taken by Sellers or their Subsidiaries as required by this Agreement or the Chapter 11 Cases, without the prior written consent of Buyer, during the Interim Period, Sellers shall not, and shall cause their Subsidiaries not to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.1** other than as otherwise authorized by the Bankruptcy Court or required by the terms of any Plan in existence as of the date hereof, (i) increase or agree to increase the base salary or incentive compensation or any other compensation or benefits of any current or former Business Employee or individual independent contractor of the Business, (ii) adopt, enter into, materially amend or terminate any Plan (or any other benefit or compensation plan, program, agreement or arrangement that would be a Plan if in effect on the Original Execution Date), (iii) grant, announce, or enter into any severance, retention, change in control or transaction bonus, cash or equity or equity-based incentive awards, or similar agreement or arrangement with any current or former Business Employee or individual independent contractor of the Business, (iv) increase or accelerate the vesting or payment of, or otherwise fund or secure the payment of (whether in cash, property or vesting of property) or delivery of, any compensation or benefits payable to a current or former Business Employee or other individual independent contractor of the Business, or (v) hire, promote, engage or terminate (other than for cause) any Business Employee or individual independent contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.2** (i) modify, extend, terminate or enter into any Collective Bargaining Agreement covering any Business Employees or (ii) recognize or certify any labor union, labor organization, works council or group of employees as the bargaining representative for any Business Employees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.3** in respect of the Business or with respect to any facility at which Business Employees are located, implement or announce any employee layoffs, plant closings, reductions in compensation or other similar actions that trigger notice obligations under the WARN Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.4** grant, impose or suffer to be imposed any Encumbrance upon any of the Purchased Assets or any assets of any Acquired Entity (whether tangible or intangible) other than Permitted Encumbrances or Encumbrances that will be cured prior to the Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.5** materially modify, materially breach, repudiate, extend, renew, reject or terminate any Purchased Contract or any Material Contract (or any Contract that would be a Material Contract if entered into prior to the Original Execution Date), or enter into any Contract that would be a Material Contract if in existence as of the Original Execution Date, or waive, release or assign any material rights or claims under any Purchased Contract or Material Contract, in each case other than in the Ordinary Course or as provided for in the DIP Order or as contemplated or permitted in the Approved Budget;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.6** (i) encumber, transfer, sell, assign, abandon, allow to lapse, fail to prosecute or maintain, exclusively license, or otherwise dispose of any material Owned Intellectual Property, except, in each case, other than (x) the expiration of issued or registered Owned Intellectual Property at the end of the maximum statutory term, or (y) in the Ordinary Course, or (ii) disclose any material Trade Secrets to any Person other than in the Ordinary Course pursuant to a written non-disclosure agreement or under a binding obligation of confidentiality;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.7** enter into any commitment for, make or authorize capital expenditures in excess of $2,500 for any individual commitment, including for property, plant and equipment, except for those, if any, that are expressly contemplated by the DIP Order and in accordance with the Approved Budget;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.8** compromise or settle any material Litigation, any opposition proceeding at the European Patent Office or any administrative proceeding at the United States Patent and Trademark Office relating to the Business or cancel, abandon or compromise any claim or waive, abandon or release any right, in each case, that is related to the Business or a Purchased Asset, including in respect of any material claim or right at the United States Patent and Trademark office or European Patent Office that relates to any pending or future Patent applications;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.9** amend the organizational documents of the Acquired Entities or issue any Equity Securities of any Acquired Entities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.10** amend in any material respect, cancel or permit to terminate any material insurance policy naming either of the Sellers or any of their Subsidiaries as an insured, a beneficiary or a loss payable payee without first obtaining comparable substitute insurance coverage with no lapse in coverage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.11** in the case of any Acquired Entity, cause or permit an Acquired Entity to incur or issue any indebtedness for borrowed money, or to assume, grant, guarantee or endorse, or otherwise become responsible for, any such obligations of any Person, or make any loans or advances except under the DIP Order or intercompany loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.12** shorten or lengthen payment cycles or make any unusual or extraordinary efforts outside of the Ordinary Course to collect any accounts receivable, intercompany obligation or Liability for indebtedness, or give any discounts or concessions for early payment outside of the Ordinary Course with respect to such accounts receivable, intercompany obligation or Liability for indebtedness, or convey any interest in any accounts receivable, intercompany obligation or Liability for indebtedness to any third party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.13** redeem, repurchase, issue or sell any shares of, or other equity interests in, the Acquired Entities, or securities convertible into or exchangeable for such shares or equity interests, or issue or grant any options, warrants, call rights, subscription rights or other rights of any kind to acquire such shares, equity interests or securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.14** commence any bankruptcy or insolvency proceeding with respect to any Acquired Entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.15** sell, transfer, lease, sublease or otherwise dispose of any Purchased Assets or any assets of any Acquired Entity other than in the Ordinary Course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.16** cause or permit the assignment, assumption or other transfer of any Liability from any Person (including any Seller) to any Seller or any of their Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.17** grant any Top Customer or Top Supplier any material discounts, pricing accommodations, or other similar changes relating to pricing, payment terms or credit support other than in the Ordinary Course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.18** (A) other than in the Ordinary Course, make, change or revoke any material Tax election, (B) change any annual accounting period, (C) change any material method of accounting for Tax purposes, (D) settle any claim or assessment in a Tax proceeding in respect of a material amount of Taxes, (E) surrender any right to claim a material refund for Taxes, (F) other than with respect to automatic or automatically granted extensions, consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment, or (G) file (in a manner inconsistent with past practice) or amend any material Tax Return, in each case, with respect to any Acquired Entity or the Purchased Assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.19** grant any material waiver under or materially amend or modify, or surrender, revoke, permit to lapse or otherwise terminate, any material Permit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.20** make any changes in financial accounting methods, principles, practices, procedures, or policies, except insofar as may be required by changes, after the date of this Agreement, in (A) GAAP or (B) applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.21** seek any relief from, or modification of, the automatic stay on any Litigation involving Sellers and/or any of their Subsidiaries issued by the Bankruptcy Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.22** grant any exclusive license to any material Purchased Intellectual Property to any Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2.23** authorize or enter into any agreement or commitment, whether or not in writing, to take any action prohibited by this <u>Section 4.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3** **Notification of Certain Matters**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3.1** From the Original Execution Date through five (5) Business Days prior to the Closing Date, Sellers shall use commercially reasonable efforts to provide Buyer written Notice of any Contract to which Sellers or any of their Subsidiaries is a party as of the Original Execution Date that was not set forth on <u>Section 2.1.1(e), Section 2.1.1(f)</u> or <u>Section 3.1.21(a)</u> of the Seller Disclosure Schedules and was not an Excluded Contract, and any Contracts that are discovered after the Original Execution Date (in each case, as promptly as reasonably practicable following the discovery of any such Contract), and Buyer shall be entitled, in its sole discretion and upon written Notice to Sellers (email to counsel being sufficient), to add any such Contract to <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules; *provided*, that any dispute regarding Cure Costs associated with any of the foregoing Contracts shall be addressed as set forth in the Bidding Procedures Order. From the Original Execution Date through one (1) Business Day prior to the Closing Date, to the extent Buyer desires to amend <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules to remove or add any Contract on <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules, Buyer shall provide Sellers with written Notice thereof (email to counsel being sufficient); *provided*, any such amendment to <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules and removal or addition of any Contract therefrom shall not be considered and have no impact in determining whether any of the conditions to Closing set forth in <u>Article VI</u> are or have been satisfied. Notwithstanding anything to the contrary set forth herein, (i) Buyer shall have no right to add any Contract rejected, in accordance with Section 365 of the Bankruptcy Code, by Sellers prior to Sellers receiving written Notice from Buyer to include such Contract on <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules and (ii) Sellers shall not reject any Contract set forth on <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules or any Excluded Contract during the Interim Period without the prior written consent of Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3.2** If any Contract is added to (or removed from) <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules, Sellers shall promptly take such steps as are reasonably necessary, including providing notice of the Purchased Contract to the non-debtor counterparty within two (2) Business Days after receiving notice from Buyer, and shall provide the non-debtor counterparty with five (5) Business Days' notice to object to such assignment, to cause any such added Contracts to be assumed by Sellers and assigned to Buyer, on the Closing Date or as soon as reasonably practicable thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3.3** Buyer shall provide to Sellers an initial list of Purchased Contracts at least three (3) Business Days prior to the Auction; *provided*, that such list of Purchased Contracts may be subsequently modified in accordance with <u>Section 2.1.1(e)</u>, <u>Section 2.1.1(f)</u> or <u>Section 5.7.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3.4** From the Original Execution Date through one (1) Business Day prior to the Auction, but in the event no Auction is held, two (2) Business Days prior to the Sale Hearing, to the extent Buyer desires to (a) amend <u>Section 2.1.2(n)</u> of the Seller Disclosure Schedules to add additional assets to the list of Excluded Assets, (b) amend <u>Section 2.2.1(k)</u> of the Seller Disclosure Schedules to add additional Liabilities to the list of Assumed Liabilities, or (c) amend <u>Section 2.2.2(s)</u> of the Seller Disclosure Schedules to add additional Liabilities to the list of Excluded Liabilities, Buyer shall provide Sellers with written Notice thereof (email to counsel being sufficient). For the avoidance of doubt, any such amendment to <u>Section 2.1.2(n)</u>, <u>Section 2.2.1(k)</u>, or <u>Section 2.2.2(s)</u> of the Seller Disclosure Schedules at Buyer's request shall not be considered and have no impact in determining whether any of the conditions to Closing set forth in Article VI are or have been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3.5** Buyer's receipt of information under this <u>Section 4.3</u> shall not operate as a waiver or otherwise affect any representation, warranty or agreement given or made by Sellers in this Agreement (including <u>Section 7.1</u>) and shall not be deemed to amend or supplement the Seller Disclosure Schedules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4** **Obligation to Consummate the Transaction**. Each of the Parties agrees that it shall use commercially reasonable efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable to the extent permissible under applicable Law, to consummate and make effective the transactions contemplated by this Agreement and to ensure that the conditions set forth in <u>Article VI</u> are satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5** **Filings; Other Actions; Notification and Cooperation**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.1** Sellers and Buyer shall cooperate with each other and use, and shall cause their respective Affiliates and Subsidiaries to use, their respective commercially reasonable efforts to take (or cause to be taken) all actions, and do (or cause to be done) all things necessary, proper or advisable under this Agreement and applicable Law to consummate and make effective the Transactions as expeditiously as reasonably practicable, and in any event no later than the Outside Date, including: (i) obtaining as expeditiously as reasonably practicable all consents, registrations, approvals, permits and authorizations necessary to be obtained from any Governmental Authority in order to consummate the Transactions; (ii) obtaining (and cooperating with each other in obtaining) any consent, approval of, waiver or any exemption by, any nongovernmental third party, in each case, to the extent commercially reasonable and necessary, proper or advisable in connection with the Transactions; and (iii) executing and delivering any commercially reasonable additional instruments necessary to consummate the Transactions and to fully carry out the purposes of this Agreement. Nothing herein shall require Sellers or any of their Subsidiaries to pay any fee or other consideration to obtain any such consent or approval of any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.2** None of the Parties, including their respective Subsidiaries and the Affiliates of Buyer, shall enter into a definitive agreement providing for, or consummate, the acquisition of any transaction which would reasonably be expected to materially delay or prevent consummation of the Transactions. Neither Party, without the other Party's prior written consent, shall: (i) enter into any timing, settlement or similar agreement, or otherwise agree or commit to any arrangement, that would have the effect of extending, suspending, lengthening or otherwise tolling the expiration or termination of the waiting period applicable to the contemplated transactions under any Antitrust Laws and FDI Laws; or (ii) enter into any timing or similar agreement, or otherwise agree or commit to any arrangement, that would bind or commit the Parties not to consummate the Transactions (or that would otherwise prevent or prohibit the Parties from consummating the Transactions). As used in this Agreement, the term "**Antitrust Laws**" means the Sherman Act of 1890, the Clayton Act of 1914, the Federal Trade Commission Act of 1914, the HSR Act and all other federal, state and foreign statutes, rules, regulations, orders, decrees and other Laws and Orders that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening competition through merger or acquisition, and the term "**FDI Laws**" means any applicable law intended to screen, prohibit, or regulate foreign investments on public interest or national security grounds, including but not limited to Section 721 of the Defense Production Act of 1950, 50 U.S.C. § 4565, as amended, including any implementing regulations thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.3** Buyer and Sellers shall cooperate with one another, and consider in good faith the views of one another, with respect to the appropriate course of action with respect to obtaining the consents, approvals, permits, waiting period expirations or authorizations of any Governmental Authority required to consummate the Transactions prior to the Outside Date. Notwithstanding anything to the contrary in this <u>Section 4.5.3</u>, Buyer and Sellers shall: (i) use commercially reasonable efforts to confirm, supplement, waive, amend, or revise a definitive list of all consents, approvals, permits, or waiting period expirations required or advisable under any Antitrust Law or FDI Law required for the Parties to consummate the Transactions; and (ii) use commercially reasonable efforts to file or cause to be filed any and all notifications and filings (or pre-filings, where applicable) required pursuant to this <u>Section 4.5.3</u>. No Party hereto or its counsel shall independently participate in any substantive call or meeting with any Governmental Authority in respect of any such filing, investigation, or other inquiry relating to the matters that are the subject of this <u>Section 4.5</u> without giving the other Party or its counsel reasonable prior notice of such call or meeting and, to the extent permitted by such Governmental Authority, the opportunity to attend and participate. In furtherance of the foregoing and to the extent permitted by applicable Law: (i) each Party shall notify the other, as far in advance as practicable, of any filing or communication or inquiry it or any of its Subsidiaries intends to make with any Governmental Authority relating to the matters that are the subject of this <u>Section 4.5</u>; (ii) prior to submitting any such filing or making any such communication or inquiry, such Party shall provide the other Party and its counsel a reasonable opportunity to review in advance, and shall consider in good faith the comments of the other Party in connection with, any such filing, communication or inquiry; (iii) following the submission of such filing or making such communication or inquiry, such Party shall provide the other Party with a copy of any such filing or, if in written form, communication or inquiry; and (iv) each Party shall consult with the other Party in connection with any inquiry, hearing, investigation or litigation by, or negotiations with, any Governmental Authority relating to the Transactions, including the scheduling of, and strategic planning for, any meetings with any Governmental Authority relating thereto. In exercising the foregoing cooperation rights, Sellers and Buyer each shall act reasonably and as promptly as reasonably practicable. Notwithstanding the foregoing, materials provided pursuant to this <u>Section 4.5</u> may be reasonably redacted to (A) remove references concerning valuation, (B) comply with contractual arrangements, (C) comply with applicable Law, and (D) address legal privilege or confidentiality concerns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.4** In furtherance and not in limitation of the covenants of the Parties contained in this <u>Section 4.5</u>, Buyer, including its Affiliates, shall use its reasonable best efforts to promptly resolve such objections, if any, as may be asserted by any Governmental Authority under any Antitrust Law or FDI Law with respect to the Transactions and to avoid the entry of, or effect the dissolution of, any decree, order, judgment, injunction, temporary restraining order or other order in any suit or proceeding, as may be asserted by any Governmental Authority under any Antitrust Law or FDI Law that would otherwise have the effect of preventing the consummation of the Transactions. For the purposes of this <u>Section 4.5</u>, "reasonable best efforts" shall mean taking any and all actions reasonable and necessary to obtain the consents, approvals, permits, waiting period expirations or authorizations of any Governmental Authority required to consummate the Transactions no later than the Outside Date, including: (x) committing, agreeing or submitting (or offering to commit, agree or submit) to any consent decree, hold separate order, sale, divestiture, lease, license, transfer, disposal, Encumbrance, other change or restructuring of, or operating restriction, or otherwise, with respect to the businesses, properties, product lines, assets, permits, operations, rights or interest therein of Buyer, its Affiliates, the Purchased Assets or any of the Business; and (y) committing, agreeing or submitting (or offering to commit, agree or submit) to any action or agreeing to any remedies, terms or conditions in connection with its obligations under this <u>Section 4.5</u>; *provided*, that those actions, remedies, terms or conditions are conditioned on the consummation of the Transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.5** In furtherance and not in limitation of the covenants of the Parties contained in this <u>Section 4.5</u>, if any administrative or judicial action or proceeding, including any proceeding by a private party, is instituted challenging the Transactions as violative of any Antitrust Law or FDI Laws, Buyer shall use commercially reasonable efforts to contest and resist any such action or proceeding and to have vacated, lifted, reversed or overturned any decree, judgment, injunction or other order, whether temporary, preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation of the Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.6** Sellers and Buyer each shall, upon request by the other, promptly furnish the other with all information concerning itself, its Affiliates, directors, officers and stockholders and such other matters as may be reasonably necessary or advisable in connection with any statement, filing, notice or application made by or on behalf of Buyer, Sellers or any of their respective Affiliates to any Third Party or any Governmental Authority in connection with the Transactions, all of which information shall be true and correct when provided; *provided*, that each Party shall be entitled to redact discussions of the transaction value and competitively sensitive information, and may reasonably designate applicable materials to be reviewed solely by the other Party's outside counsel, and *provided*, further that Buyer may elect in its sole discretion to withhold any confidential business information, including with respect to ownership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.7** Sellers and Buyer each shall keep the other reasonably apprised of the status of matters relating to completion of the Transactions, including promptly furnishing the other with copies of notices or other communications received by Sellers or Buyer, as the case may be, or any of their respective Affiliates from any Third Party or any Governmental Authority with respect to the Transactions, other than immaterial communications.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5.8** Buyer shall bear the cost of any filing fee payable to a Governmental Authority in connection with any filings made under this <u>Section 4.5</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6** **Confidentiality**. From (a) the date hereof until the earlier to occur of the Closing or the valid termination of this Agreement, with respect to the Parties, and (b) from and after the Closing, and for a period of three (3) years thereafter, only with respect to Sellers, in each case, any non-public or confidential information related to the Transactions, the Business, the Purchased Assets and/or any Acquired Entities (the "**Confidential Information**"), shall be maintained by each applicable Party (and each such Party shall cause its Affiliates to maintain), in strict confidence, and may not be disclosed to third parties without the prior written consent of Buyer or Sellers (as applicable); *provided* that nothing in this sentence shall limit the disclosure by the receiving Party of any information (i) to the extent required by applicable Law or the rules or regulations of any stock exchange (provided that, to the extent permitted by applicable Law or the rules or regulations of any stock exchange, the receiving Party agrees, as practicable under the circumstances, to give Buyer or Sellers (as applicable) prior notice of such disclosure and reasonably cooperate, at Buyer's or Sellers' (as applicable) sole cost and expense, with any efforts to seek confidential treatment of any such information required by applicable Law or the rules or regulations of any stock exchange to be disclosed), (ii) in a dispute brought by a Party in pursuit of its rights or in the exercise of its remedies under this Agreement, (iii) to the extent that such information can be shown to have come within the public domain through no fault of the disclosing Party in violation hereof, (iv) to its Affiliates and its and their respective representatives on a need-to-know basis, and (v) to its actual or prospective investors, lenders or underwriters who have a reason to know, provided that in the case of clauses (iv) and (v) those Persons receiving the Confidential Information are advised of the confidential nature of such information, and a Party disclosing Confidential Information shall remain liable for any breach by such Persons of the provision of this <u>Section 4.6</u>. This <u>Section 4.6</u> shall not apply to any public announcement made in accordance with <u>Section 5.2</u>. Notwithstanding anything in this <u>Section 4.6</u> to the contrary, no Party is waiving its rights with respect to trade secrets and is not consenting to the disclosure or use of its trade secrets by any other party.

**Article V<br> ADDITIONAL COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1** **Further Assurances**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1.1** Each of Sellers and Buyer shall, at any time or from time to time after the Closing, at the request and expense of the other Party, take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other Party in doing, all things necessary, proper, or advisable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated hereby, including executing and delivering to the other Party all such instruments and documents or further assurances as the other Party may reasonably request, in each case that are consistent with the terms of this Agreement, in order to (a) vest in Buyer all of Sellers' right, title and interest in and to the Purchased Assets (including the Purchased Intellectual Property) as contemplated hereby, (b) effectuate Buyer's assumption of the Assumed Liabilities, (c) confirm Sellers' retention of the Excluded Assets and the Excluded Liabilities, and (d) grant to each Party all rights contemplated to be granted to such Party under this Agreement and the Ancillary Agreements; *provided, however*, that after the Closing, apart from such foregoing customary further assurances, neither Sellers nor Buyer shall have any other obligations except as specifically set forth and described herein or in the Ancillary Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1.2** If any approval, consent or waiver required for Sellers to assume and assign to Buyer the Purchased Contracts and other Purchased Assets shall not have been obtained prior to the Closing, Sellers shall use commercially reasonable efforts to obtain such approval, consent or waiver to assign to Buyer the Purchased Contracts and other Purchased Assets, including using commercially reasonable efforts to facilitate any negotiations with the counterparties to such Purchased Contracts and to obtain an order (which may be the Sale Order) containing a finding that the proposed assumption of such Purchased Contracts and assignment to Buyer satisfies all applicable requirements of section 365 of the Bankruptcy Code. At the Closing (a) Sellers shall, pursuant to the Sale Order, assign to Buyer each of the Purchased Contracts that is capable of being assigned and (b) Buyer shall pay all Cure Costs (if any) set forth in the Cure Cost Certificate, in each case in connection with such assignment, and Buyer shall assume and discharge when due the Assumed Liabilities (if any) under the Purchased Contracts. Except as to Purchased Contracts assigned pursuant to section 365 of the Bankruptcy Code or the Sale Order, anything in this Agreement to the contrary notwithstanding, this Agreement shall not constitute an agreement to assign any Purchased Contract or other Purchased Asset or any right thereunder if an attempted assignment, without the consent of a Third Party, would constitute a breach or in any way adversely affect the rights of Buyer or Sellers thereunder, and Sellers, at Buyer's expense (if any), shall use its commercially reasonable efforts to obtain any such required consent(s) as promptly as possible. If such consent is not obtained or such assignment is not attainable pursuant to section 365 of the Bankruptcy Code or the Sale Order, or if any attempted assignment would be ineffective or would impair Buyer's rights under the Purchased Assets in question so that Buyer would not in effect acquire the benefit of all such rights, then Sellers, to the maximum extent permitted by applicable Law, shall act after the Closing, at Buyer's request and expense, as Buyer's agent in order to obtain for it the benefits thereunder and shall cooperate, to the maximum extent permitted by applicable Law, with Buyer in any other reasonable arrangement designed to provide such benefits to Buyer. Sellers and their Subsidiaries are not under any obligation to pay any money to a Third Party (unless Buyer agrees in writing to reimburse Sellers for such payment), incur any material obligations, commence any Litigation (*provided* that Sellers shall cooperate in any Litigation initiated by Buyer in the Bankruptcy Court regarding the assumption and assignment of any Purchased Contract and matters related thereto) or offer or grant any material accommodation (financial or otherwise) to any Third Party in order to obtain any approval, consent or waiver. All obligations of Sellers under this <u>Section 5.1.2</u> shall expire on the date that is twelve (12) months after the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1.3** Sellers will use their commercially reasonable efforts to obtain, or cause to be obtained, prior to Closing, any approval, consent or waiver required for Sellers to assign to Buyer, and for Buyer to assume, the Purchased Contracts and other Purchased Assets required as a result of the consummation of the transaction contemplated by this Agreement and the Ancillary Agreements or necessary to vest in Buyer all of Sellers' rights, title and interest in and to the Purchased Assets, except to the extent such consents are not necessary as a result of the entry of the Sale Order. Despite the previous sentence, Sellers are not under any obligation to pay any money to a Third Party (unless Buyer agrees in writing to reimburse Sellers for such payment), incur any material obligations, commence any Litigation (*provided* that Sellers shall cooperate in any Litigation initiated by Buyer in the Bankruptcy Court) or offer or grant any material accommodation (financial or otherwise) to any Third Party in order to obtain such approval, consent or waiver or take any action whatsoever that is not permitted by the Chapter 11 Cases. Buyer will cooperate in obtaining such consents, approvals and waivers, including by providing information of Buyer as is reasonably requested by a Third Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1.4** Following the Closing, for the purposes of Sellers (i) preparing or reviewing Tax Returns, (ii) monitoring or enforcing rights or obligations under this Agreement, (iii) defending third-party lawsuits or complying with the requirements of any Governmental Authority, or (iv) completing the Wind-Down Activities and closing of the Chapter 11 Cases, the dissolution of Sellers, and related tax and other administrative matters, (A) upon reasonable notice, Buyer shall, at Sellers' sole expense, in compliance with any Law, permit Sellers and their Representatives reasonable access to all premises, properties, personnel, Books and Records, and Contracts, which access shall include (I) the right to copy such documents and records as they may reasonably request, and (II) Buyer's copying and delivering such documents or records as reasonably requested and (B) Buyer shall, at Sellers' sole expense, provide reasonable access (after taking into account the commitments of such personnel) to Buyer's personnel during regular business hours to assist Sellers, in each case for Seller's Wind-Down Activities, the administrating, prosecuting and processing third party claims and other third party Litigations, and preparation of Tax Returns and requirements in the Chapter 11 Cases, *provided* that such access or assistance does not unreasonably interfere with Buyer's and its Affiliates' operations. Notwithstanding anything to the contrary in this Agreement, Buyer shall not be required to disclose any information or provide access to Sellers and Sellers' Representatives (x) if such disclosure or access would cause the forfeiture of any attorney-client or other legal privilege or contravene any applicable Laws, (y) such disclosure or access or related activities would cause a violation of any Contract to which Buyer or its Affiliates (including, following the Closing, the Acquired Entities) is a party or (z) such disclosure would violate any applicable Laws related to privacy or data privacy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2** **Publicity**. No press release, public statement or announcement or other public disclosure (a "**Public Statement**") with respect to this Agreement, the Ancillary Agreements or the transactions contemplated hereby or thereby may be made except (a) with the prior written consent and joint approval of Buyer and Sellers, not to be unreasonably withheld, or (b) if required by applicable Law, the Chapter 11 Cases, a Governmental Authority, or stock exchange requirements. Where the Public Statement is required by applicable Law, the Chapter 11 Cases, a Governmental Authority, or stock exchange requirement, the Party required to make the Public Statement will use its commercially reasonable efforts to consult with the other Party, and consider in good faith any revisions proposed by the other Party, prior to making such disclosure, and shall limit such disclosure to only that information that is legally or otherwise required to be disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3** **Certain Tax Matters**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3.1** <u>Withholding Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The amounts payable by one Party (the "**Payer**") to another Party (the "**Payee**") pursuant to this Agreement ("**Payments**") shall not be reduced on account of any Taxes unless required by applicable Law. The Payee alone shall be responsible for paying any and all Taxes (other than withholding Taxes required to be paid by the Payer under applicable Law) levied on account of, or measured in whole or in part by reference to, any Payments it receives (other than on account of Transfer Taxes, as defined below). The Payer shall deduct or withhold from the Payments any Taxes that it is required by applicable Law to deduct or withhold, and all such amounts deducted and withheld shall be treated for all purposes of this Agreement as having been paid to Payee. Notwithstanding the foregoing, if the Payee is entitled under any applicable Law or Tax treaty to a reduction of rate of, or the elimination of, or recovery of, applicable withholding Tax, it shall timely deliver to the Payer or the appropriate Governmental Authority (with the assistance of the Payer to the extent that this is reasonably required) the prescribed forms necessary to reduce the applicable rate of withholding or to relieve the Payer of its obligation to withhold Tax, and the Payer shall apply the reduced rate of withholding, or dispense with the withholding, as the case may be, to the extent permitted pursuant to such applicable Law or Tax treaty. If, in accordance with the foregoing, the Payer withholds any amount, it shall make timely payment to the proper Taxing Authority of the withheld amount, and send to the Payee proof of such payment as soon as reasonably practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Seller shall deliver to Buyer a non-foreign affidavit dated as of the Closing Date, sworn under penalty of perjury and in form and substance required under Treasury Regulations issued pursuant to section 1445 of the Code stating that such Seller is not a "foreign person" as defined in section 1445 of the Code or a properly completed IRS Form W-9 dated as of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3.2** <u>Transfer Taxes and Apportioned Obligations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All amounts payable hereunder or under any Ancillary Agreement are exclusive of all recordation, transfer, documentary, stamp, conveyance, value added, sales, consumption, goods and services taxes or other similar Taxes imposed or levied by reason of, in connection with or attributable to this Agreement and the Ancillary Agreements or the transactions contemplated hereby and thereby (collectively, "**Transfer Taxes**"). Buyer shall be responsible for the payment of all Transfer Taxes, and shall pay all amounts due and owing in respect of any Transfer Taxes, these amounts in addition to the sums otherwise payable, at the rate in force at the due time for payment or such other time as is stipulated under applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All personal property and similar ad valorem obligations levied with respect to the Purchased Assets for a taxable period which includes (but does not end on) the Closing Date (collectively, the "**Apportioned Obligations**") shall be apportioned between Sellers and Buyer based on the number of days of such taxable period ending on the Closing Date (such portion of such taxable period, the "**Pre-Closing Tax Period**") and the number of days of such taxable period beginning on the day after the Closing Date (such portion of such taxable period, the "**Post-Closing Tax Period**"). Sellers shall be liable for the proportionate amount of such Apportioned Obligations that is attributable to the Pre-Closing Tax Period, and Buyer shall be liable for the proportionate amount of such Apportioned Obligations that is attributable to the Post-Closing Tax Period. The amount of all such Apportioned Obligations shall be estimated as of the Closing Date and paid over at the Closing to the Party responsible for remitting such Apportioned Obligation to the applicable Governmental Authority; provided, however, that final payments with respect to the Apportioned Obligations that are not able to be calculated as of the Closing Date shall be calculated and paid over as soon as practicable after the Closing Date but no later than five (5) Business Days after determination of such additional amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3.3** <u>Cooperation and Exchange of Information</u>. Each of Sellers and Buyer shall (a) provide the other with such assistance as may reasonably be requested by the other Party (subject to reimbursement of reasonable out-of-pocket expenses) in connection with the preparation of any Tax Return, audit or other examination by any Taxing Authority or judicial or administrative proceeding relating to Liability for Taxes in connection with the Business or the Purchased Assets, (b) retain and provide the other Party with any records or other information that may be relevant to such Tax Return, audit or examination, proceeding or determination and (c) inform the other Party of any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any Tax Return of the other for any period. Such cooperation shall include the retention and (upon the other party's request) the provision of records and information which are reasonably relevant to any such Tax Return or Tax proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. In furtherance of the foregoing, Sellers and any court-appointed trustee or other fiduciary charged with the wind-down of Sellers' bankruptcy estate following the Closing shall have reasonable access to any Tax Returns and working papers which constitute Purchased Assets, as applicable, upon prior written request (email being sufficient) therefor by Sellers (or such trustee or fiduciary). Each Seller's obligations under this <u>Section 5.3.3</u> shall terminate upon the dissolution of such Seller. Sellers and their respective Affiliates shall (i) abide by all record retention agreements entered into with any Governmental Authority and (ii) give Buyer thirty (30) days' written notice prior to transferring, destroying or discarding any Tax records, or taking action to dissolve and terminate a Seller, and, if Buyer so requests, shall allow Buyer to take possession of such Tax records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3.4** <u>Tax Structure</u>; <u>G Reorganization</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties agree to cooperate in good faith to minimize Tax liabilities to Sellers that arise from the Relevant Transactions, including to take commercially reasonable efforts to structure the Relevant Transactions as a reorganization of the Company pursuant to Section 368(a)(1)(G) of the Code ("**G Reorganization**") or any other non-taxable transaction under Section 368 of the Code (it being understood that in no instance shall the Parties be prohibited from mutually agreeing to structure the Transactions as a formal reorganization plan under Chapter 11, subject to applicable approvals).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, as a result of the undertaking set forth in <u>Section 5.3.4(a)</u>, the Parties agree to structure the Relevant Transactions for U.S. federal income tax and other applicable income tax purposes as a G Reorganization, then the provisions of <u>Section 5.3.4(c)</u> through <u>Section 5.3.4(e)</u> shall apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With respect to each Relevant Transaction (i) Sellers shall use commercially reasonable efforts, and Buyer shall use commercially reasonable efforts to assist Sellers, to effectuate the G Reorganization and the parties shall prepare and file all applicable income Tax Returns and any other Tax forms or documentation in a manner consistent with such election, and shall not take any action or position inconsistent with, or fail to take any necessary action in furtherance of, such election (subject to <u>Section 5.3.4(d)</u>); (ii) the Parties agree that this Agreement shall constitute a "plan" of the Company and Buyer for purposes of Sections 368 and 354 of the Code; and (iii) the board of directors or board of managers of the Company and Buyer shall, by resolution, approve the execution of this Agreement and expressly recognize its treatment as a "plan" of the Company and Buyer for purposes of Sections 368 and 354 of the Code, and the treatment of the Relevant Transactions as a G Reorganization for U.S. federal income Tax purposes. In addition, Sellers shall provide Buyer with any information or documents that Buyer reasonably requests and shall direct Sellers' advisors or agents to cooperate fully with Buyer and to provide Buyer with any information or documents that Buyer reasonably requests from them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No party shall take any position with respect to the transactions contemplated by the Agreement that is inconsistent with the position determined by mutual agreement of the Parties in accordance with <u>Section 5.3.4(a)</u> unless, and then only to the extent, otherwise required to do so by a final, non-appealable order from a court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Seller shall liquidate, as determined for U.S. federal income Tax purposes and to the satisfaction of Buyer, as promptly as reasonably practicable after the Closing Date but no later than August 1 of the year following the year in which the Closing Date occurs (the "**Liquidation Outside Date**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the extent that Buyer does not elect to treat the Relevant Transactions as a G Reorganization or any other non-taxable transaction under Section 368 of the Code pursuant to <u>Section 5.3.4(a)</u>, the Parties hereby agree, and Sellers hereby consent, to treat the sale of the Purchased Assets by the relevant Sellers as taxable asset sales for all Tax purposes and to report consistently herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4** **Accounts Payable**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4.1** <u>[</u>Reserved<u>]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4.2** <u>Accounts Payable</u>. In the event that, subsequent to the Closing, Buyer, Sellers or any of their Subsidiaries receives any invoices from any Third Party with respect to any account payable of the Business outstanding prior to the Closing, then Sellers shall be responsible for payment thereof. In the event that, subsequent to the Closing, Sellers or any of their Subsidiaries receive any invoices from any Third Party with respect to any account payable of Buyer or any of its Affiliates (including with respect to the Business) incurred for any period after the Closing solely in connection with the Purchased Assets or Assumed Liabilities, then Sellers shall, or shall cause such Subsidiary to, within thirty (30) days after receipt of such invoice, provide such invoice to Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5** **Wrong Pockets**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5.1** <u>Assets</u>. Without limiting <u>Section 5.1</u>, if either Buyer or Sellers becomes aware subsequent to the Closing that any of the Purchased Assets has not been transferred to Buyer or that any of the Excluded Assets has been transferred to Buyer, it shall promptly notify the other Party and the Parties shall, and shall cause their Subsidiaries to, as soon as reasonably practicable, take all necessary actions (including executing any further instruments or documents) to ensure that such property is transferred, at the expense of Buyer and with any necessary prior Third Party consent or approval, to (a) Buyer, in the case of any Purchased Asset that was not transferred to Buyer at the Closing; or (b) Sellers, in the case of any Excluded Asset that was transferred to Buyer at the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5.2** <u>Payments</u>. If, on or after the Closing, either Buyer (including its Subsidiaries), on the one hand, or Sellers, on the other hand, shall receive any payments or other funds due to or belonging to the other Party (or its applicable Subsidiaries) pursuant to the terms of this Agreement or any Ancillary Agreement, then the Party receiving such funds shall, within thirty (30) days after receipt of such funds, forward such funds to the proper Party. The Parties acknowledge and agree there is no right of offset regarding such payments and a Party may not withhold funds received from Third Parties for the account of the other Party in the event there is a dispute regarding any other issue under this Agreement or any of the Ancillary Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.6** **Purchased Intellectual Property and Purchased Regulatory Approvals**. Promptly following the Closing, at Buyer's sole cost and expense, Sellers shall take such further actions and execute such further documents as may be necessary or otherwise requested by Buyer to effectuate, evidence and perfect the assignment and transfer of the Owned Intellectual Property, Regulatory Filings and Purchased Regulatory Approvals to Buyer, including making such filings with any Governmental Authorities as may be required to transfer the Owned Intellectual Property, Regulatory Filings and Purchased Regulatory Approvals to Buyer or to further the prosecution, issuance or maintenance of the Owned Intellectual Property and Purchased Regulatory Approvals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7** **Bankruptcy Court Filings and Approval**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.1** Sellers shall use commercially reasonable efforts to obtain entry of the Bidding Procedures Order and the Sale Order and such other relief from the Bankruptcy Court as may be necessary or appropriate in connection with this Agreement and the consummation of the transactions contemplated by this Agreement. Sellers have filed with the Bankruptcy Court a motion in form and substance reasonably acceptable to Sellers and Buyer (the "**Bidding Procedures Motion**") seeking:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) entry of an order in form and substance reasonably acceptable to Sellers and Buyer (the "**Bidding Procedures Order**"), (i) establishing the Bidding Procedures (as defined in the Bidding Procedures Order), (ii) approving procedures for the assumption and assignment of contracts, (iii) setting sale milestones and scheduling related hearings, and (iv) approving the Expense Reimbursement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) entry of an order substantially in the form to be filed with the Bankruptcy Court, which proposed form shall be in form and substance acceptable to Sellers and Buyer, and with such changes Sellers and Buyer find reasonably acceptable, authorizing and approving pursuant to Sections 105, 363, and 365 of the Bankruptcy Code, inter alia, (i) the sale of the Purchased Assets of Sellers to Buyer on the terms and conditions set forth herein, free and clear of all Encumbrances (to the extent set forth therein), other than Permitted Encumbrances and Assumed Liabilities to the fullest extent permitted by Section 363 of the Bankruptcy Code, (ii) the assumption and assignment of the Purchased Contracts to Buyer (iii) Buyer has acted in "good faith" within the meaning of Section 363(m) of the Bankruptcy Code; (iv) this Agreement was negotiated, proposed and entered into by the Parties without collusion, in good faith and from arm's length bargaining positions, and (v) Buyer shall have no Liability or responsibility for any Liability or other obligation of Sellers arising under or related to the Purchased Assets or otherwise other than as expressly set forth in this Agreement, including successor or vicarious Liabilities of any kind or character, including any theory of antitrust, environmental, successor, or transferee Liability, labor law, de facto merger, or substantial continuity (as amended, modified, or supplemented, the "**Sale Order**") and such other relief from the Bankruptcy Court as may be necessary or appropriate in connection with this Agreement and the consummation of the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.2** Sellers shall give appropriate notice, and provide appropriate opportunity for hearing, to all Persons entitled thereto, of all motions (including the Bidding Procedures Motion), orders, hearings, and other proceedings relating to this Agreement or any Ancillary Agreement and the transactions contemplated hereby and thereby and such additional notice as ordered by the Bankruptcy Court or as Buyer may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.3** Sellers and Buyer shall take all commercially reasonable actions as may be reasonably necessary to cause the Sale Order to become Final Orders, including, to the extent reasonably practicable, furnishing affidavits, declarations or other documents or information for filing with the Bankruptcy Court. Buyer agrees that it will promptly take such commercially reasonable actions as are reasonably requested by Sellers to assist in obtaining entry of the Sale Order and a finding of adequate assurance of future performance by Buyer, including furnishing affidavits or other documents or information for filing with the Bankruptcy Court for the purposes, among others, of (x) providing necessary assurances of performance by Buyer under this Agreement and demonstrating that Buyer is a "good faith" purchaser under Section 363(m) of the Bankruptcy Code, and (y) establishing adequate assurance of future performance within the meaning of Section 365 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.4** Buyer acknowledges that under the Bankruptcy Code, the sale is subject to approval of the Bankruptcy Court. Buyer acknowledges that to obtain such approval Sellers must demonstrate that it has taken reasonable steps to obtain the highest or otherwise best bid possible for the assets, including giving notice of the transactions contemplated by this Agreement to creditors and other interested parties as ordered by the Bankruptcy Court, providing information about the assets to prospective Qualified Bidders (as defined in the Bidding Procedures Order), and entertaining any higher or otherwise better offers from prospective Qualified Bidders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.5** If the Bidding Procedures Order, Sale Order or any other orders of the Bankruptcy Court relating to this Agreement or the transactions contemplated hereby shall be appealed by any Person (or if any petition for certiorari or motion for reconsideration, amendment, clarification, modification, vacation, stay, rehearing or reargument shall be filed with respect to the Sale Order, Bidding Procedures Order or other such order), and this Agreement has not otherwise been terminated pursuant to <u>Section 8.1</u>, Sellers shall immediately notify Buyer of such appeal, petition, or motion and shall use commercially reasonable efforts to defend such appeal, petition, or motion and shall use commercially reasonable efforts to obtain an expedited resolution of any such appeal, petition, or motion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.6** Subject to entry of the Sale Order and unless otherwise waived by a contract counterparty, on or prior to the Closing Date, Buyer shall pay in cash an amount and in terms agreed between Buyer and such contract counterparty, or otherwise satisfy as agreed between Buyer and such contract counterparty, the Cure Costs and cure any and all other defaults and breaches under the Purchased Contracts to the extent required under section 365 of the Bankruptcy Code (excluding any Purchased Contracts in which there is an objection by a non-debtor Purchased Contract counterparty to the Cure Costs asserted by Sellers with regard to any such Contract or other dispute as to the assumption or assignment of such Contract (each such objection, a "**Contract Objection**") for which Cure Costs (or other matters related to the assumption and assignment of such Contract) have not been consensually agreed with the Contract counterparty and Sellers or fixed by an order of the Bankruptcy Court as of the Closing) so that such Purchased Contracts may be assumed by Sellers and assigned to Buyer (subject to payment by Buyer of the Cure Costs and provision by Buyer of adequate assurance of future performance); *provided*, that any Contract Objection shall be addressed as set forth in the Bidding Procedures Order, including that to the extent the Contract Objection is resolved in a manner that is unfavorable to Buyer (in Buyer's sole discretion) (regardless of whether such resolution occurs prior to or after the closing of the Sale), Buyer may direct Sellers to remove the Contract from <u>Section 2.1.1(e)</u> or <u>Section 2.1.1(f)</u> of the Seller Disclosure Schedules (as applicable) and such Contract will no longer will be assumed and assigned in connection with the Sale (subject to the terms of the Sale) and neither Sellers nor Buyer shall be responsible for the Cure Costs (if any) associated with such Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.7.7** In accordance with the Bidding Procedures Order and the Bidding Procedures, if an Auction is conducted and Buyer is not the prevailing party at the conclusion of such Auction but is the next highest bidder, as determined by Sellers, Buyer shall be required to serve as the backup bidder (the "**Backup Bidder**") and keep Buyer's bid to consummate the Transactions (as the same may be revised in the Auction with the consent of Buyer) open and irrevocable in accordance with the Bidding Procedures Order until the earlier of (x) the first Business Day after the closing of a sale with the Successful Bidder and (y) sixty (60) days after the Sale Hearing (such date, the "**Backup Bid Expiration Date**"). In accordance with and subject to the Bidding Procedures, if the closing of the sale with the Successful Bidder is terminated prior to the Backup Bid Expiration Date, the Backup Bidder will be deemed the new Successful Bidder and shall be obligated to consummate the sale as if it were the Successful Bidder at the Auction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.8** **Copies of Pleadings**. Sellers shall consult with Buyer concerning the Sale Order and any other Orders of the Bankruptcy Court relating to the transactions contemplated hereby, and the bankruptcy pleadings and proceedings in connection therewith. To the extent reasonably practicable at least two (2) Business Days prior to filing thereof, Sellers shall provide Buyer with drafts of all documents, motions, orders, filings or pleadings that Sellers proposes to file with the Bankruptcy Court that relate to the approval of this Agreement, the Sale Order and the consummation of the transactions contemplated hereby. Sellers shall also promptly provide Buyer with copies of all pleadings received by or served by or upon Sellers in connection with the Chapter 11 Cases that relate to or, in Sellers' judgment, are reasonably expected to affect the transactions provided for in this Agreement and which have not, to the actual knowledge of Sellers, otherwise been served on Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.9** **Books and Records**. For a period of three (3) years after the Closing, Buyer shall: (a) retain all books and records related to the Purchased Assets, the Assumed Liabilities and the Business; and (b) upon reasonable notice and during normal business hours, cooperate with and provide Sellers, any of Sellers' Affiliates, and the officers, employees, agents and Representatives of Sellers and Sellers' Affiliates reasonable access (including the right to make copies at Sellers' expense or the expense of any Affiliate of Sellers) to such books and records and to Buyer's Representatives, to the extent necessary for a reasonable business purpose, including as may be necessary for the preparation of financial statements, Regulatory Filings related to the Products, Tax Returns, in connection with any Litigation, or in connection with the administration of the Chapter 11 Cases. Notwithstanding the foregoing, Buyer shall not be required by this <u>Section 5.9</u> to provide Sellers, any of Sellers' Affiliates, and the officers, employees, agents and Representatives of Sellers and Sellers' Affiliates with access to or to disclose information (i) the disclosure of which would violate applicable Law, (ii) that in the reasonable judgment of Buyer would result in the disclosure of any Trade Secrets of third parties or violate any of its obligations with respect to confidentiality or (iii) the disclosure of which would cause the loss of any attorney-client, attorney work product or other legal privilege; *provided*, that in the event any information is withheld pursuant to this sentence, Buyer shall promptly notify Sellers and at Sellers' request, Buyer shall use commercially reasonable efforts to the extent feasible to develop an arrangement to communicate or provide the applicable information (or a portion thereof) in a manner that would not conflict with the foregoing <u>clauses (i)</u>, <u>(ii)</u>, or <u>(iii)</u>, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.10** **Assumption of Regulatory Commitments; Transfer of Purchased Regulatory Approvals**. The Parties shall reasonably cooperate with each other in any necessary or desirable communications with Regulatory Authorities regarding the transfer of the rights to the Purchased Regulatory Approvals and Regulatory Filings. Notwithstanding any delay in transferring the rights to the Purchased Regulatory Approvals and Regulatory Filings to Buyer, as between the Parties, Buyer shall be exclusively responsible for (and shall bear the cost of), and shall discharge all liabilities related to, the manufacture, packaging, labeling, promotion, marketing, handling, offering for sale or sale of the Products by or on behalf of Buyer after the Closing. From and after the Closing, Buyer will assume control of, and responsibility for, all costs and Liabilities arising from or related to any commitments or obligations to any Governmental Authority involving the Purchased Assets and the Business. Sellers shall use all commercially reasonable efforts to complete the transfer of each Purchased Regulatory Approval and Regulatory Filings as promptly as practicable after the Closing. Buyer shall use all commercially reasonable efforts to assist Sellers in the transfer of the Purchased Regulatory Approvals and Regulatory Filings to Buyer, accept the transfer of the Purchased Regulatory Approvals and Regulatory Filings and formalize with Sellers and any applicable Regulatory Authority, as promptly as practicable after the Closing, all necessary documents. Following such transfer, Sellers shall not retain any rights in any Purchased Regulatory Approvals or, subject to the rights set out in <u>Section 5.9</u>, any Regulatory Filings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.11** **Trade Notification**. Sellers and Buyer shall consult with each other on the timing, method, form and content of notifications to customers and suppliers regarding the transactions contemplated by this Agreement, and shall consider in good faith any comments or proposed changes received from the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12** **Employee Matters**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.1** <u>Offers of Employment</u>. Sellers shall update the list of Business Employees and provide to Buyer an updated list of Business Employees thirty (30) days prior to Closing, on the Closing Date, and within five (5) Business Days of Buyer's reasonable written request. Prior to the Auction, Buyer shall deliver a list of all of Sellers' active employees to whom Buyer intends to offer employment effective as of the Closing Date (the "**Offer Employees**"); *provided* that, to the extent Buyer desires to update such list to include or exclude any individual at any time prior to the Closing Date, Buyer shall provide Sellers with written Notice thereof (email to counsel being sufficient), with such updated list to constitute the Offer Employees. No later than the Closing Date, Buyer shall provide written offers of employment on an at-will basis on such terms and conditions as determined in Buyer's sole discretion to be effective as of the Closing to each Offer Employee (individuals who accept such offer of employment and actually commence employment with Buyer or its Affiliate shall be referred to as the "**Continuing Employees**"). Sellers will cooperate with any reasonable requests by Buyer in order to facilitate the offers of employment and delivery of such offers. All such employment offers made by Buyer or its Affiliates to any Business Employee shall be subject to such Offer Employee's satisfaction of Buyer's or its Affiliate's customary preemployment background check process and execution of standard employment documentation, including confidentiality and restrictive covenant agreements. Each Offer Employee who accepts an offer of employment with Buyer or its Affiliate in accordance with this <u>Section 5.12.1</u> will be deemed to have resigned from employment with Sellers and their Subsidiaries, as applicable, effective as of immediately prior to the date upon which such Offer Employee commences employment with Buyer or its Affiliate, and Sellers and their Subsidiaries, as applicable, will terminate or cause to be terminated the employment of each Offer Employee who rejects an offer of employment with Buyer or its Affiliates in accordance with this <u>Section 5.12.1</u>, effective as of the Closing. For the avoidance of doubt, (i) Buyer shall have no liability for any pay, benefits, severance or similar claims and all claims and obligations arising under any collective bargaining agreement, employee benefit plan (including any withdrawal liability) or any local, state or federal law or regulation (including the WARN Act) of any Continuing Employees earned or accrued or arising on or prior to the Closing Date and (ii) from and after the Closing, Sellers shall retain sole responsibility for all obligations and liabilities with respect to the employment and services of all employees and independent contractors of Sellers prior to the Closing (the items set forth in clause (i) and (ii) shall be Excluded Liabilities).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.2** <u>Assumed Plans</u>. On or prior to the Closing Date, Buyer shall, or shall cause an Affiliate of Buyer to, assume the sponsorship of each Plan identified as an "Assumed Plan" on <u>Section 3.1.12(a)</u> of the Seller Disclosure Schedules to the extent transferrable or where consent is obtained from the applicable party (the "**Assumed Plans**"); *provided* that, Buyer may include or exclude any Plan from such list at any time prior to the Closing Date, by amending Section <u>3.1.12(a)</u> of the Seller Disclosure Schedules, with such revised list to be the Assumed Plans, provided that Buyer shall provide Sellers with written Notice thereof (email to counsel being sufficient) and that any such amendment to <u>Section 3.1.12(a)</u> of the Seller Disclosure Schedules at Buyer's request shall not be considered and have no impact in determining whether any of the conditions to Closing set forth in Article VI are or have been satisfied. Between the date hereof and the Closing, Buyer and Sellers shall work in good faith and take all actions necessary or appropriate to cause the sponsorship of and the assets maintained pursuant to or in connection with the Assumed Plans to transfer to Buyer or its Designated Purchaser as of Closing, including securing written consents as necessary from all relevant third parties at or prior to the Closing, and Buyer shall cooperate in signing any documents or agreements in connection therewith. Effective as of the Closing, Sellers shall take or cause to be taken all actions as are necessary or appropriate to amend each Plan in which any Continuing Employee participates and that is not an Assumed Plan (collectively, the "**Seller Plans**"), to provide that the Continuing Employees shall not be eligible to participate in such Seller Plans as of the Closing Date, in each case, in accordance with their terms and in compliance with the requirements of all applicable Laws. Sellers shall provide to Buyer such evidence of the completion of such amendments as Buyer shall reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.3** <u>Employee Communications</u>. Prior to the Closing, except as required by Law and except for the offers described in <u>Section 5.12.1</u>, Buyer shall be permitted to issue communications (including any electronic communication) to any Business Employee without the prior written approval of Sellers. The Parties agree that at all times prior to the Closing they will consult with each other prior to communications to the Business Employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.4** <u>Restrictive Covenant Agreements</u>. Sellers agrees that, notwithstanding the terms of any non-competition, non-solicit, non-disclosure, or similar restrictive covenant between Sellers or any of their Subsidiaries and a Continuing Employee (the "**RCAs**"), such Continuing Employee shall be permitted to provide services to Buyer and its Affiliates following the Closing, and Sellers will not, and shall cause their Subsidiaries to not, seek to enforce the terms of any such RCA following the Closing, and Sellers shall use commercially reasonable efforts to transfer the benefits of the RCAs to Buyer, which shall be an intended third party beneficiary of the benefits of such RCAs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.5** <u>Contingent Labor</u>. During the period prior to the Closing, Sellers shall and shall cause their Subsidiaries to use commercially reasonable efforts to make individual natural person independent contractors related to the Business and directly engaged by Sellers or their Subsidiaries available to Buyer for the purpose of allowing Buyer to interview each such contractor and determine the nature and extent of each such person's continuation with Buyer and its applicable Affiliates, if any. Sellers shall provide to Buyer contact information for third-party service providers providing contingent personnel to the Business and reasonably cooperate in identifying and transferring such contingent workforce to the extent requested by Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.6** <u>Visas</u>. Sellers and Buyer shall work collaboratively to use their commercially reasonable efforts to take any actions the Parties determine are necessary to ensure that any Offer Employee offered employment by Buyer or its Affiliate who requires a visa in order to work in his or her current position may continue to work in such position for Buyer or its Affiliate as of the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.12.7** <u>Third Party Beneficiaries</u>. This <u>Section 5.12</u> shall be binding upon and inure solely to the benefit of each of the Parties to this Agreement; nothing in this <u>Section 5.12</u>, expressed or implied, is intended to confer upon any other Person any rights or remedies of any nature whatever; and no provision of this <u>Section 5.12</u> will create any third-party beneficiary rights in any current or former employee, officer, director or individual service provider of Sellers or any of their Affiliates in respect of continued employment (or resumed employment) or service or any other matter. This <u>Section 5.12</u> shall not be considered, or deemed to be, an amendment to or establishment of any Plan or any other compensation or benefit plan, program, agreement or arrangement. Nothing in this <u>Section 5.12</u> shall obligate Buyer or any of its Affiliates (i) to continue to employ any Continuing Employee, other Business Employee or other individual service provider for any specific period of time following the Closing Date, subject to the requirements of applicable Law or (ii) limit the right of Buyer or any of its Affiliates to, at any time, change or modify any benefit or compensation plan, program, agreement or arrangement at any time and in any manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.13** **Access to Insurance Policies**. Following the Closing, to the extent that any insurance policy which constitutes a Purchased Asset covers any Excluded Liabilities (including tort liabilities, operational liabilities and environmental liabilities), if requested by Sellers in writing (email being sufficient), Buyer shall make such insurance policies available to Sellers to satisfy bona fide claims of any third party with respect to Excluded Liabilities that are covered by such insurance policies. Upon the receipt by Buyer of any such insurance proceeds or condemnation proceeds relating to any Excluded Asset or Excluded Liability, Buyer shall as promptly as practicable (but, in any event, within three (3) Business Days) pay or cause to be paid to Sellers (or their designee) such proceeds, net of any unreimbursed out-of-pocket costs or expenses incurred in the recovery thereof. Upon the receipt by any Seller of any such insurance proceeds or condemnation proceeds from any Excluded Insurance Policy relating to any Purchased Asset or Assumed Liability, such Seller shall as promptly as practicable (but, in any event, within three (3) Business Days) pay or cause to be paid to Buyer (or a Designated Purchaser) such proceeds, net of any unreimbursed out-of-pocket costs or expenses incurred in the recovery thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.14** **Transition Services Agreement**. If requested by Buyer and to the extent necessary to facilitate the transactions contemplated by this Agreement, including, without limitation, the purchase and sale of the Purchased Assets, the Parties shall negotiate in good faith and enter into a Transition Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.15** **Seller Disclosure Schedules**. As promptly as reasonably practicable after the date hereof, Sellers shall in good faith prepare and deliver to Buyer for Buyer's review and comments proposed final versions of the Seller Disclosure Schedules containing disclosures in order to make each representation and warranty of Sellers contained in <u>Section 3.1</u> true and correct in all respects. Sellers shall consider in good faith any comments or proposed changes received from Buyer regarding the Seller Disclosure Schedules. A final version of the Seller Disclosure Schedules shall be delivered by Sellers to Buyer no later than the Seller Disclosure Schedule Delivery Date. The final Seller Disclosure Schedules delivered to Buyer shall comply with the applicable terms set forth in this Agreement with respect thereto in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.16** **Access.** Buyer may access, occupy and conduct business at the real property interests leased pursuant to the Amended and Restated Lease, dated as of October 1, 2024, by and between the Company and Pima County, Arizona for the lease of 3950 S. Country Club Road, Tucson, Arizona and the adjacent annex building located at 2980 E. Ajo Way, Tucson, Arizona (collectively, the "**Country Club Road Property**") for the period immediately from and including the Closing Date through and including August 31, 2025 at no cost. The Country Club Road Property lease will be rejected by the Debtors as of August 31, 2025 (the "**Rejection Date**") and the Seller shall use reasonable best efforts to include in any such order entered by the Bankruptcy Court approving rejection of the Country Club Road Property lease the Buyer's right to access, occupy and conduct business at the Country Club Road Property in the period immediately from and including the Closing Date through and including the Rejection Date at no cost. The Seller shall pay the rent due for the Country Club Road Property for the month ending August 31, 2025.

**Article VI<br> CONDITIONS PRECEDENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1** **Conditions to Obligations of Buyer and Sellers**. The obligations of Buyer and Sellers to complete the transactions contemplated by this Agreement are subject to the satisfaction or waiver (if permitted by applicable Law) at or prior to the Closing of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1.1** <u>No Illegality or Action</u>. There shall not be in effect any Order or applicable Law that enjoins or prohibits the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1.2** <u>Antitrust and FDI Approvals</u>. All approvals, consents and authorizations deemed necessary or advisable to consummate the transactions contemplated hereby pursuant to applicable Antitrust Laws or FDI Laws (such determination to be mutually agreed between Buyer and Sellers and their respective advisors, acting reasonably pursuant to <u>Section 4.5.3</u>) shall have been obtained or any applicable waiting period thereunder shall have been terminated or shall have expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1.3** <u>Continuing Effectiveness</u>. This Agreement shall continue to remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1.4** <u>Entry of Orders</u>. The Bankruptcy Court shall have entered the Bidding Procedures Order, the Sale Order and the Final DIP Order, and each shall be a Final Order and acceptable to Sellers and Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2** **Conditions to Obligations of Buyer**. The obligation of Buyer to complete the transactions contemplated by this Agreement is subject to the satisfaction, or waiver (if permitted by applicable Law) by Buyer, at or prior to the Closing of the following additional conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.1** <u>Truth of Representations and Warranties</u>. (a) The representations and warranties of Sellers contained in <u>Section 3.1.1</u> (*Organization; Good Standing; Qualification*), <u>Section 3.1.2</u> (*Authority and Enforceability*), <u>Section 3.1.4</u> (*No Broker*), and <u>Section 3.1.5</u> (*Capitalization*) must be true and correct in all material respects (and in the case of <u>Section 3.1.5</u>, in all but *de minimis* respects) as of the Closing with the same force and effect as if such representations and warranties were made on and as of such date (*provided* that if a representation and warranty speaks only as of a specific date, such representation and warranty only needs to be so true and correct as of that date), and (b) all other representations and warranties of Sellers contained in <u>Section 3.1</u> must be true and correct (disregarding any "materiality", "Material Adverse Effect" or similar qualifications contained therein) as of the Closing with the same force and effect as if such representations and warranties were made on and as of such date (*provided* that if a representation and warranty speaks only as of a specific date it only needs to be true and correct as of that date), except where the failure of such representations and warranties to be so true and correct would not have, or be reasonably expected to have, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.2** <u>Performance of Covenants</u>. Sellers must have fulfilled or complied, in all material respects, with all covenants contained in this Agreement that are required to be fulfilled or complied with by Sellers at or prior to the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.3** <u>Material Adverse Effect</u>. Since the date of this Agreement, there shall not have occurred a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.4** <u>Closing Deliveries</u>. Buyer must have received, at or prior to the Closing, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a true and complete copy of the Sale Order, as entered by the Bankruptcy Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a certificate of Sellers, duly executed and delivered by an authorized officer of each of the Sellers, stating that the conditions set forth in <u>Section 6.2.1</u>, <u>Section 6.2.2</u> and <u>Section 6.2.3</u> have been satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) original certificates representing all outstanding Equity Securities of each Acquired Entity to the extent they are certificated, and stock powers or assignments evidencing the conveyance of the Equity Securities duly executed in blank; *provided*, it is acknowledged that the Parties will work together in good faith following the Closing to complete, effectuate and register and/or record the transfer of such Equity Securities as promptly as practicable under local Law, as applicable, which shall not be a condition to Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each of the Ancillary Agreements, including the Bid Direction Letter, to which Sellers or any of their Subsidiaries are a party, validly executed by a duly authorized representative of Sellers or their applicable Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.5** <u>Credit Bid</u>. (a) The Bankruptcy Court shall have approved and authorized Buyer's ability, pursuant to Section 363(k) of the Bankruptcy Code, to credit bid, in satisfaction of the Purchase Price set forth in <u>Section 2.3.1</u>, the DIP Obligations) and the Prepetition Super Priority Notes Obligations and (b) there shall have been no successful action challenging Buyer's (or the DIP Lenders' or the Prepetition Super Priority Noteholders' or the Prepetition Convertible Noteholders') right to credit bid any or all of the DIP Obligations, Prepetition Super Priority Notes Obligations, the Prepetition Convertible Notes Obligations and/or the Convertible Roll-Up DIP Obligations that is sustained by the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3** **Conditions to Obligations of Sellers**. The obligation of Sellers to complete the transactions contemplated by this Agreement is subject to the satisfaction, or waiver (if permitted by applicable Law) by Sellers, at or prior to the Closing of the following additional conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.1** <u>Truth of Representations and Warranties</u>. The representations and warranties of Buyer contained in <u>Section 3.2</u> must be true and correct in all respects (disregarding any "materiality" or similar qualifications contained therein) as of the Closing with the same force and effect as if such representations and warranties were made on and as of such date (*provided* that if a representation and warranty speaks only as of a specific date it only needs to be true and correct as of that date), except where the failure of such representations and warranties to be so true and correct would not, or be reasonably expected, to, materially adversely affect the ability of Buyer to consummate the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.2** <u>Performance of Covenants</u>. Buyer must have fulfilled or complied, in all material respects, with all covenants contained in this Agreement that are required to be fulfilled or complied with by it at or prior to the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.3** <u>Closing Deliveries</u>. Sellers must have received, at or prior to the Closing, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a true and complete copy of the Sale Order, as entered by the Bankruptcy Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a certificate of Buyer, duly executed and delivered by an authorized officer of Buyer, stating that the conditions set forth in <u>Section 6.3.1</u> and <u>Section 6.3.2</u> have been satisfied; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) each of the Ancillary Agreements to which Buyer or any of its Affiliates is a party, validly executed by a duly authorized representative of Buyer or its applicable Affiliate.

**Article VII<br> NO SURVIVAL OF REPRESENTATIONS, WARRANTIES AND PRE-CLOSING COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1** **No Survival**. The representations and warranties of the Parties, and the covenants and agreements of the Parties that are to be performed prior to the Closing, whether contained in this Agreement or in any agreement or document delivered pursuant to this Agreement, shall not survive beyond the Closing and there shall be no liability following the Closing in respect thereof, whether such liability has accrued prior to or after the Closing, on the part of any Party or any of its officers, directors, equityholders, managers, employees, agents or Affiliates; *provided*, *however*, that this <u>Section 7.1</u> shall not limit any covenant or agreement of the parties that by its terms contemplates performance after the Closing, and such covenants or agreements shall survive until fully performed; *provided*, *further*, that nothing herein shall limit the Wind-Down Activities if completed prior to the Liquidation Outside Date. Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall limit or restrict the rights of any Party hereto to maintain or recover any amounts in connection with any action or claim based on Fraud.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2** **No Recourse**. Except to the extent otherwise expressly provided in <u>Section 9.9</u>, Buyer's sole and exclusive remedy (a) for a breach of any representation or warranty made by Sellers herein or in any document delivered pursuant hereto or (b) for a breach of any covenant made by Sellers herein or in any document delivered pursuant hereto and required to be performed by Sellers on or prior to the Closing, shall, in either case, be limited to Buyer's right to terminate this Agreement to the extent permitted pursuant to <u>Section 8.1</u>, in which case Sellers shall have not any liability except to the extent expressly provided in <u>Section 8.2</u> and <u>Section 8.3</u> (whether in equity or at Law, in Contract, in tort or otherwise). Except to the extent otherwise expressly provided in <u>Section 9.9</u>, Sellers' sole and exclusive remedy (a) for a breach of any representation or warranty made by Buyer herein or in any document delivered pursuant hereto or (b) for a breach of any covenant made by Buyer herein or in any document delivered pursuant hereto and required to be performed by Buyer on or prior to the Closing, shall, in either case, be limited to Sellers' right to terminate this Agreement to the extent permitted pursuant to <u>Section 8.1</u>, in which case Buyer shall have not any further liability of any kind (whether in equity or at Law, in Contract, in tort or otherwise).

**Article VIII<br> TERMINATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1** **Termination**. This Agreement may, by Notice in writing given prior to the Closing, be terminated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.1** by mutual written agreement of Buyer and Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.2** by Buyer, if the Closing has not occurred by the date that is ninety (90) days after the Petition Date (the "**Outside Date**") *provided* that Buyer is not in material breach of this Agreement at the time of such termination; *provided, further*, and for the avoidance of doubt, that Buyer shall not have the right to terminate this Agreement pursuant to this <u>Section 8.1.2</u> during the pendency of any Litigation brought prior to the Outside Date by a Seller for specific performance of this Agreement (to the extent available pursuant to <u>Section 9.9</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.3** by Buyer or Sellers, if there shall be any (a) Order or other Law or (b) Governmental Authority that issues any final and non-appealable ruling or order that, in each case (i) prohibits, prevents or enjoins the consummation of the Transactions or otherwise makes the consummation of the Transactions illegal and (ii) remains in effect for five (5) Business Days after notice of such Order or other Law has been received by Buyer and Sellers; *provided*, that the right to terminate this Agreement under this <u>Section 8.1.3</u> shall not be available to any Party whose breach of this Agreement shall have been the cause of, or shall have resulted in the Order or other Law prohibiting, restraining, or enjoining the Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.4** by Buyer or Sellers, (a) upon the Bankruptcy Court's approval of Sellers' entry into an Alternative Transaction and Sellers thereafter execute definitive agreements for such Alternative Transaction, (b) if an Alternative Transaction is entered into other than in connection with an Auction or (c) if there is an Auction, Buyer is not declared the Successful Bidder or the Backup Bidder at the Auction; *provided*, that Sellers shall have the right to terminate this Agreement pursuant to this <u>Section 8.1.4</u> only if they have complied in all material respects with the requirements of <u>Section 5.7</u> and <u>Section 8.3</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.5** by Buyer or Sellers if there has been a material breach of the Bidding Procedures Order, the Sale Order or this Agreement by the other Party such that the conditions of Closing (a) set forth in <u>Section 6.2.1</u> or <u>Section 6.2.2</u>, in the case of a termination by Buyer, or (b) set forth in <u>Section 6.3.1</u> or <u>Section 6.3.2</u>, in the case of a termination by Sellers, would not be satisfied (*provided* that the non-breaching Party is not also in breach of this Agreement so as to cause the conditions of Closing for the benefit of the other Party to not be satisfied), and such breach has not been cured within twenty (20) days following Notice of such breach by the non-breaching Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.6** by Buyer, upon a termination of the DIP Credit Agreement or upon a modification of any DIP Order in any material respect without the consent of the requisite DIP Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.7** by Buyer or Sellers, if the Bankruptcy Court enters a final, non-appealable order that precludes the consummation of the transactions contemplated hereby on the terms and conditions under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.8** by Buyer, if there is an Event of Default (as defined in the DIP Credit Agreement), the DIP Obligations are accelerated, and the DIP Commitments (as defined in the DIP Credit Agreement) are terminated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.9** by Buyer, if (a) the Bankruptcy Court has not approved and entered the Sale Order prior to 11:59 p.m. (prevailing Eastern Time) on July 28, 2025, (b) following entry of the Sale Order or the Bidding Procedures Order, such Order is voided, stayed, reversed, modified, vacated or amended in an adverse way without the prior written consent of Buyer and such stay, reversal, modification, vacation or amendment is not eliminated within fourteen (14) days, or (c) the Bankruptcy Court enters any Order materially inconsistent with the Bidding Procedures Order, the Sale Order or the consummation of this Agreement and such order is not reversed, modified or amended to the satisfaction of Buyer within fourteen (14) days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.10** by Buyer (a) if the Bankruptcy Court enters a Final Order (i) dismissing the Chapter 11 Cases or converting the Chapter 11 Cases into cases under chapter 7 of the Bankruptcy Code or (ii) appointing a trustee, receiver or other Person responsible for operation or administration of Sellers or their business or assets, or a responsible officer for Sellers, or an examiner with enlarged powers relating to the operation or administration of Sellers or their business or assets (each, an "**Appointee**"); *provided*, that the definition of "Appointee" shall not include any chief restructuring officer that may be appointed by Sellers and authorized by the Bankruptcy Court in the Chapter 11 Cases, or (b) if Sellers file any stand-alone plan of reorganization or liquidation, in each case, that does not contemplate consummation of the transactions memorialized in this Agreement (or announces support of any such plan filed by any other party);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.11** by Buyer, if for any reason Buyer is not permitted by the Bankruptcy Court, pursuant to Section 363(k) of the Bankruptcy Code, to credit bid the DIP Obligations, the Prepetition Super Priority Notes Obligations, the Prepetition Convertible Notes Obligations and/or the Convertible Roll-Up DIP Obligations in payment of all or any portion of the Credit Bid portion of the Purchase Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.12** by Sellers, if the board of directors of the Company, after consultation with its independent financial advisors of nationally recognized reputation and legal counsel, determines in its good faith business judgment that proceeding with the Transactions would violate Law or be inconsistent with its fiduciary obligations under Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.13** by Buyer, if a final version of the Seller Disclosure Schedules is not delivered by Sellers to Buyer by the Seller Disclosure Schedule Delivery Date as required by <u>Section 5.15</u>, or if the Seller Disclosure Schedules disclose any item that, in Buyer's reasonable judgment, materially impairs the Purchased Assets or has a materially adverse impact on the Assumed Liabilities or Buyer's ability to conduct and operate the Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2** **Procedure and Effect of Termination**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.1** Termination of this Agreement by either Buyer or Sellers shall be by delivery of a Notice to the other Party. Such Notice shall state the termination provision in this Agreement that such terminating Party is claiming provides a basis for termination of this Agreement. Termination of this Agreement pursuant to the provisions of <u>Section 8.1</u> shall be effective upon and as of the date of delivery of such Notice as determined pursuant to <u>Section 9.2</u>, *provided*, however that termination of this Agreement pursuant to <u>Section 8.1.12</u> shall not be effective until Notice has been delivered in accordance with this <u>Section 8.2.1</u> and the Expense Reimbursement has been paid to Indaba Capital Management, L.P. or its Affiliate in accordance with <u>Section 8.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.2** If a Party waives compliance with any of the conditions, obligations or covenants contained in this Agreement, the waiver will be without prejudice to any of its rights of termination in the event of non-fulfilment, non-observance or non-performance of any other condition, obligation or covenant in whole or in part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.3** If this Agreement is terminated, the Parties are released from all of their obligations under this Agreement, except that each Party's obligations under <u>Sections 4.6</u>, <u>5.2</u>, <u>7.1</u>, <u>7.2</u>, <u>8.2</u>, <u>8.3</u>, <u>9.1</u>, <u>9.2</u>, <u>9.3</u>, <u>9.5</u>, <u>9.9</u>, <u>9.10</u>, <u>9.11</u>, <u>9.14</u> and <u>9.15</u> will survive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.4** As soon as practicable following a termination of this Agreement for any reason, but in no event more than thirty (30) days after such termination, Buyer and Sellers shall, to the extent practicable, withdraw all filings, applications and other submissions relating to the transactions contemplated by this Agreement filed or submitted by or on behalf of such Party to any Governmental Authority or other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.5** In the event of termination of this Agreement pursuant to <u>Section 8.1</u>: (a) Buyer shall return all documents and other material received from Sellers relating to Sellers and their Subsidiaries, the Products, the Purchased Assets or the Transactions, whether so obtained before or after the execution hereof, to Sellers; and (b) all confidential information received by Buyer with respect to Sellers and their Subsidiaries, the Products, the Purchased Assets or the Transactions shall be treated in accordance with <u>Section 4.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3** **Expense Reimbursement.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3.1** In the event that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) this Agreement is terminated by Buyer or Sellers in accordance with <u>Section 8.1</u> (other than in accordance with <u>Section 8.1.1</u>, <u>Section 8.1.3</u>, or by Sellers in accordance with <u>Section 8.1.5</u>), or Sellers give a Notice of termination pursuant to <u>Section 8.1.12</u>, then Sellers shall pay or cause to be paid to Buyer, by wire transfer of immediately available funds to the account specified by Indaba Capital Management, L.P. or its Affiliate to Sellers in writing, the Expense Reimbursement, within five (5) Business Days of such termination, and Sellers and Buyer agree that (i) the Expense Reimbursement is not a penalty, but rather is liquidated damages in a reasonable amount that will compensate Buyer for the time and effort associated with initial due diligence and negotiation of this Agreement and the opportunities forgone while negotiating this Agreement and in reliance on this Agreement and on the expectation of the consummation of the transactions contemplated herein, (ii) in the event of termination by Buyer or Sellers in accordance with <u>Section 8.1.4</u>, the Expense Reimbursement shall be paid on the date the Alternative Transaction is consummated; and (iii) in the event Sellers give a Notice of termination pursuant to <u>Section 8.1.12</u>, the Expense Reimbursement shall be paid within one (1) Business Day following delivery of the Notice specified in <u>Section 8.2.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the obligations of Sellers to pay the Expense Reimbursement as provided in this <u>Section 8.3</u> shall be (i) entitled to superpriority administrative expense status with priority over any and all administrative expenses of the kind specified in Sections 503(b)(1) and 507(a) of the Bankruptcy Code in Sellers' Chapter 11 Cases, subject only to the superiority claims set forth in the DIP Order in an amount not to exceed the amount of outstanding DIP Loans and the Carve Out (as defined in the DIP order), and (ii) if triggered in the event of termination by Buyer or Sellers in accordance with <u>Section 8.1.4</u>, shall be payable from the proceeds of any Alternative Transaction for the Purchased Assets, at the closing of such Alternative Transaction, and (iii) free and clear of all liens (including those arising under the DIP Order).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3.2** For the avoidance of doubt, Sellers shall seek approval of the Expense Reimbursement from the Bankruptcy Court in the Bidding Procedures Order in accordance with <u>Section 5.7</u> of this Agreement. The Parties acknowledge and agree that the terms and conditions set forth in this <u>Section 8.3</u> with respect to the payment of the Expense Reimbursement are subject to the Bankruptcy Court entering the Bidding Procedures Order. The Parties acknowledge that the agreements contained in this <u>Section 8.3</u> are commercially reasonable and an integral part of the transactions, and that without these agreements, the Parties would not enter into this Agreement or consummate the transactions contemplated hereby. For the avoidance of doubt, but subject to <u>Section 7.2</u>, the covenants set forth in this <u>Section 8.3</u> are continuing obligations, separate and independent from the other obligations of the Parties expressly set forth in this Agreement (and shall not limit the Parties' other rights expressly set forth in this Agreement), and survive termination of this Agreement.

**Article IX<br> MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1** **Governing Law, Jurisdiction, Venue and Service**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1.1** <u>Governing Law</u>. This Agreement and any disputes relating to or arising from this Agreement (whether based in contract, tort, or otherwise) shall be governed by and construed in accordance with the Laws of the State of New York, including all matters of construction, validity and performance, in each case without reference to any conflicts or choice of Law rule or principle (whether of the State of New York or any other jurisdiction) that might otherwise refer construction or interpretation of this Agreement to the substantive Law of another jurisdiction except that the Bankruptcy Code shall govern any matters arising out of or related to the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1.2** <u>Consent to Jurisdiction and Venue</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 9.9</u>, the Parties hereby irrevocably and unconditionally consent to the exclusive jurisdiction of the Bankruptcy Court for any action, suit or proceeding (other than appeals therefrom) arising out of or relating to this Agreement or any Ancillary Agreement, and agree not to commence any action, suit or proceeding (other than appeals therefrom) related thereto except in such court. The Parties further hereby irrevocably and unconditionally waive any objection to the laying of venue of any action, suit or proceeding (other than appeals therefrom) arising out of or relating to this Agreement in the Bankruptcy Court, and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit or proceeding brought in the Bankruptcy Court has been brought in an inconvenient forum. If Sellers' Chapter 11 Cases are closed, any Litigation arising out of or relating to this Agreement or any Ancillary Agreement shall be heard and determined exclusively in the federal and state courts in the Borough of Manhattan, City of New York, and the Parties hereby irrevocably submit to the exclusive jurisdiction and venue of such courts in any such Litigation and irrevocably waive the defense of any inconvenient forum to the maintenance of any such Litigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ALL THEIR RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION (WHETHER BASED IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1.3** <u>Service</u>. Each Party further agrees that service of any process, summons, notice or document by registered mail to its address set forth in <u>Section 9.2.2</u> shall be effective service of process for any action, suit or proceeding brought against it under this Agreement in any such court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2** **Notices**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2.1** <u>Notice Requirements</u>. Any notice, request, demand, waiver, consent, approval or other communication permitted or required under this Agreement (each, a "**Notice**") shall be in writing, shall refer specifically to this Agreement and shall be deemed given only if delivered by hand or sent by email of a PDF attachment (with transmission confirmed) or by internationally recognized overnight delivery service that maintains records of delivery, addressed to the Parties at their respective addresses specified in <u>Section 9.2.2</u> or to such other address as the Party to whom Notice is to be given may have provided to the other Party at least five (5) days' prior to such address taking effect in accordance with this <u>Section 9.2</u>. Such Notice shall be deemed to have been given as of the date delivered by hand or internationally recognized overnight delivery service or confirmed that it was received by email (with receipt confirmed by telephone). If a Notice deemed given upon receipt is given after 5:00 p.m. in the place of receipt (the Parties understand and agree that the foregoing applies only to Notice and not to copies), such Notice will be deemed given on the next succeeding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2.2** <u>Address for Notice</u>.

If to Sellers, to:

Accelerate Diagnostics, Inc.

3950 South Country Club Road, Suite 470

Tucson, Arizona 85714

Attention: Michael Bridge

Email: mbridge@axdx.com

with a copy (which shall not constitute effective notice) to:

Fried, Frank, Harris, Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

Attention: Rachel C. Strickland; Andrew Mordkoff; Adam B. Cohen

Email: Rachel.Strickland@friedfrank.com;

Andrew.Mordkoff@friedfrank.com; Adam.Cohen@friedfrank.com

If to Buyer, to:

Indaba Starling, LLC

c/o Indaba Capital Management, L.P.

One Letterman Drive

Building D, Suite 700

San Francisco, CA 94129

Attention: Zac Rosenberg, General Counsel & Chief Compliance Officer

Email: zrosenberg@indabacapital.com

with a copy (which shall not constitute effective notice) to:

Clifford Chance US LLP

Two Manhattan West, 375 9th Ave

New York, NY 10001

Attention: David M. Feldman; Matthew Hinker; Bryan J. Luchs

Email: David.Feldman@CliffordChance.com;<br> Matthew.Hinker@cliffordchance.com;

Bryan.Luchs@CliffordChance.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.3** **No Benefit to Third Parties**. Sellers and Buyer intend that this Agreement will not benefit or create any right or cause of action in favor of any Person, other than the Parties. No Person, other than the Parties, is entitled to rely on the provisions of this Agreement in any action, suit, proceeding, hearing or other forum. The Parties reserve their right to vary or rescind the rights at any time and in any way whatsoever, if any, granted by or under this Agreement to any Person who is not a Party, without notice to or consent of that Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.4** **Waiver**. No waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed in writing by the Party to be bound by the waiver. A Party's failure or delay in exercising any right under this Agreement will not operate as a waiver of that right. A single or partial exercise of any right will not preclude a Party from any other or further exercise of that right or the exercise of any other right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.5** **Expenses**. Except as otherwise expressly provided in this Agreement, including with respect to the Expense Reimbursement, each Party will pay for their own costs and expenses incurred in connection with this Agreement and the Ancillary Agreements, and the transactions contemplated hereby and thereby. The costs and expenses referred to in this <u>Section 9.5</u> are those that are incurred in connection with the negotiation, preparation, execution and performance of this Agreement and the Ancillary Agreements, and the transactions contemplated hereby and thereby, including the fees and expenses of legal counsel, investment advisers, accountants and other professionals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.6** **Assignment**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.6.1** This Agreement becomes effective only when executed by Sellers and Buyer. After that time, it will be binding upon and inure to the benefit of Sellers, Buyer and their respective heirs, administrators, executors, legal representatives, successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.6.2** Neither this Agreement or any Ancillary Agreement, nor any of the rights or obligations under this Agreement or any Ancillary Agreement may be assigned, transferred or delegated, in whole or in part, by any Party without the prior written consent of the other Party; *provided*, *however*, that (a) Sellers may transfer or assign such rights and delegate such obligations under this Agreement or any Ancillary Agreement to a liquidation trust or similar vehicle under a confirmed chapter 11 plan of liquidation in the Chapter 11 Cases and such liquidation trust or similar vehicle may transfer, assign and sell their right to receive proceeds of the Purchase Price under this Agreement and (b) Buyer may, without the consent of any other Party, assign this Agreement, any Ancillary Agreement and its rights thereunder and/or delegate its obligations hereunder and under any Ancillary Agreement in whole or in part (i) to one or more persons, including AST Revolution LLC, a Delaware limited liability company ("**AST Revolution**"), and Saguaro Ridge LLC, a Delaware limited liability company ("**Saguaro Ridge**"**)**; *provided* that following such assignment and/or delegation, each such assignee and/or designee (each, a "**Designated Purchaser**") shall be deemed the "Buyer" for all relevant purposes in connection with this Agreement, each Ancillary Agreement, the Transactions, any additional agreements to be entered into by Buyer in connection with the Transactions, and any other purposes in connection with the foregoing, and such Designated Purchaser shall be entitled to, without limitation (1) purchase the Purchased Assets, pay the corresponding Purchase Price relating to such Purchased Assets and required payment of Cure Costs, as applicable, or (2) assume the Assumed Liabilities, and, in addition, for the avoidance of doubt, shall be entitled to employ any of the Continuing Employees on and after the Closing Date (otherwise in accordance with <u>Section 5.12</u>) and to perform any other covenants or agreements of Buyer under this Agreement; or (ii) following the Closing, (1) to any successor or purchaser of all or any part of the business of Buyer or any of its Subsidiaries or (2) a liquidation trust or similar vehicle under a confirmed chapter 11 plan of liquidation in the Chapter 11 Cases and such liquidation trust or similar vehicle. At and after the Closing, Buyer shall, or shall cause one or more of its Designated Purchasers, to honor Buyer's obligations at the Closing. After the Closing, any reference to Buyer in this Agreement in respect of any purchase, assumption or employment referred to in this Agreement shall include reference to the appropriate Designated Purchaser. The designation of a Designated Purchaser in accordance with this <u>Section 9.6.2</u> shall be made by Buyer by way of a written notice to be delivered to Sellers in advance of the Closing (email to counsel being sufficient). The Parties agree to modify any Closing deliverables in accordance with any such designation.

Seller shall (i) sell, transfer, convey, assign and deliver to AST Revolution, and AST Revolution shall purchase and accept from Sellers (or such Subsidiaries) all rights, title and interests of Sellers or their Subsidiaries in and to all of the Purchased Assets, in each case free and clear of any Encumbrances (other than Permitted Encumbrances and Assumed Liabilities) and (ii) assign to AST Revolution, and AST Revolution shall assume from Sellers (or such Subsidiaries) the Assumed Liabilities set forth in Sections 2.2.1(a); 2.2.1(b); 2.2.1(c); 2.2.1(d); 2.2.1(e); 2.2.1(f); and 2.2.1(k) of the Purchase Agreement.

Sellers (or their applicable Subsidiaries) shall assign to Saguaro Ridge, and Saguaro Ridge shall assume from Sellers (or such Subsidiaries) the Assumed Liabilities set forth in Sections 2.2.1(g); 2.2.1(h); and 2.2.1(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.7** **Amendment**. This Agreement may only be amended, supplemented or otherwise modified by written agreement signed by Buyer and Sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.8** **Severability**. If any provision of this Agreement is determined to be illegal, invalid or unenforceable by an arbitrator or any court of competent jurisdiction, that provision will be severed from this Agreement and the remaining provisions shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.9** **Equitable Relief**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.9.1** The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that a Party shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement. Each Party hereby waives (a) any requirement that the other Party post a bond or other security as a condition for obtaining any such relief and (b) any defenses in any action for specific performance that a remedy at law would be adequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.9.2** Each Party hereby agrees not to raise any objections to the availability of equitable remedies to the extent provided for herein, and the Parties further agree that nothing set forth in this <u>Section 9.9</u> shall require any Party hereto to institute any proceeding for (or limit any Party's right to institute any proceeding for) specific performance under this <u>Section 9.9</u> prior or as a condition to exercising any termination right under this Agreement, nor shall the commencement of any legal action or legal proceeding pursuant to this <u>Section 9.9</u> or anything set forth in this <u>Section 9.9</u> restrict or limit any Party's right to terminate this Agreement in accordance with the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.10** **No Liability**. No director, officer or employee of Buyer or its Affiliates shall have any personal liability whatsoever to Sellers under this Agreement or any other document delivered in connection with the transactions contemplated hereby on behalf of Buyer. No director, officer, employee or Affiliate of Sellers or their Subsidiaries shall have any personal liability whatsoever to Buyer or its Affiliates under this Agreement or any other document delivered in connection with the transactions contemplated hereby on behalf of Sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.11** **English Language**. This Agreement shall be written and executed in, and all other communications under or in connection with this Agreement shall be in, the English language. Any translation into any other language shall not be an official version thereof, and in the event of any conflict in interpretation between the English version and such translation, the English version shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.12** **Bulk Sales Statutes**. Buyer hereby waives compliance by Sellers with the requirements and provisions of any applicable bulk sales or bulk transfer Laws in any jurisdiction that may otherwise be applicable in connection with the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.13** **Representation by Counsel**. Each Party represents and agrees with the other that (a) it has been represented by, or had the opportunity to be represented by, independent counsel of its own choosing, and that it has had the full right and opportunity to consult with its respective attorney(s) to the extent, that it desired, (b) it availed itself of this right and opportunity, (c) that it or its authorized officers (as the case may be) have carefully read and fully understand this Agreement and the Ancillary Agreements in their entirety and have had them fully explained to them by such Party's respective counsel, (d) that each is fully aware of the contents hereof and thereof and their meaning, intent and legal effect, and (e) that it or its authorized officer (as the case may be) is competent to execute this Agreement and has executed this Agreement free from coercion, duress or undue influence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.14** **Counterparts**. This Agreement may be executed in any number of counterparts, each of which is deemed to be an original, and such counterparts together constitute one and the same instrument. Transmission of an executed signature page by email or other electronic means is as effective as a manually executed counterpart of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.15** **Entire Agreement**. This Agreement, together with the Schedules and Exhibits expressly contemplated hereby and attached hereto, the Seller Disclosure Schedules, the Ancillary Agreements, and the other agreements, certificates and documents delivered in connection herewith or therewith or otherwise in connection with the transactions contemplated hereby and thereby, contain the entire agreement between the Parties with respect to the transactions contemplated hereby or thereby and supersede all prior agreements, understandings, promises and representations, whether written or oral, between the Parties with respect to the subject matter hereof and thereof. In the event of any inconsistency between any such Schedules and Exhibits and this Agreement, the terms of this Agreement shall govern.

*[Signature page follows]*

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Execution Date.

---

| | |
|:---|:---|
| **ACCELERATE DIAGNOSTICS, INC.** | **ACCELERATE DIAGNOSTICS, INC.** |
| By: | /s/ Jack Phillips |
| Name: Jack Phillips | Name: Jack Phillips |
| Title: President and Chief Executive Officer | Title: President and Chief Executive Officer |
| **ACCELERATE DIAGNOSTICS TEXAS, LLC** | **ACCELERATE DIAGNOSTICS TEXAS, LLC** |
| By: | /s/ Jack Phillips |
| Name: Jack Phillips | Name: Jack Phillips |
| Title: President and Chief Executive Officer | Title: President and Chief Executive Officer |

---

---

| | |
|:---|:---|
| **Indaba Starling, LLC** | **Indaba Starling, LLC** |
| By: | Indaba Capital Fund, L.P., its Sole Member |
| By: | Indaba Partners, LLC, General Partner |
| By: | /s/ Zac Rosenberg |
| Name: Zac Rosenberg | Name: Zac Rosenberg |
| Title: General Counsel & Chief Compliance Officer | Title: General Counsel & Chief Compliance Officer |

---

## Exhibit 10.2

**Exhibit 10.2**

**IN THE UNITED STATES BANKRUPTCY COURT<br> FOR THE DISTRICT OF DELAWARE**

---

| | |
|:---|:---|
| In re: | Chapter 11 |
| ACCELERATE DIAGNOSTICS, INC., *et al.*,<sup>1</sup><br>| Case No. 25-10837 (KBO)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debtors. | (Jointly Administered) |
|  | **Ref. Docket Nos. 155, 167 & 214** |

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**FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER**

**APPROVING ADEQUACY OF DISCLOSURES ON A FINAL**

**BASIS AND CONFIRMING THE SECOND AMENDED COMBINED**

**DISCLOSURE STATEMENT AND CHAPTER 11 PLAN OF LIQUIDATION**

**OF ACCELERATE DIAGNOSTICS, INC. AND ACCELERATE DIAGNOSTICS**

**<u>TEXAS, LLC PURSUANT TO CHAPTER 11 OF THE BANKRUPTCY CODE</u>**

Upon consideration of the *Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC*, dated July 10, 2025 [D.I. 214], attached hereto as **<u>Exhibit A</u>** (together with all exhibits thereto, and as may be amended, modified, or supplemented, the "<u>Combined Disclosure Statement and Plan</u>"), proposed by the debtors and debtors in possession in the above-captioned cases (collectively, the "<u>Debtors</u>"); and this Court having approved the Combined Disclosure Statement and Plan on an interim basis, for solicitation purposes only, by order dated June 5, 2025 [D.I. 155] (the "<u>Solicitation Procedures Order</u>"); and the Debtors having filed the Plan Supplement on July 7, 2025 and July 23, 2025 [D.I. 211, 226] (as may be amended, modified, or supplemented, the "<u>Plan Supplement</u>"); and upon the affidavits of service filed reflecting compliance with the notice and solicitation requirements of the Solicitation Procedures Order [D.I. 180, 184, 186, 187, 188, 193, 201] (collectively, the "<u>Notice Affidavits</u>"); and upon the *Notice of (I) Approval of Combined Disclosure Statement and Plan on an Interim Basis for Solicitation Purposes Only; and (II) the Hearing to Consider (A) Final Approval of the Combined Disclosure Statement and Plan as Containing Adequate Information and (B) Confirmation of the Combined Disclosure Statement and Plan* [D.I. 168] (the "<u>Confirmation Notice</u>"); and upon the *Declaration of Clarissa D. Cu of Stretto, Inc. Regarding the Solicitation of Votes and Tabulation of Ballots Cast on the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. 245] (the "<u>Voting Declaration</u>"); and upon the *Declaration of Raoul Nowitz in Support of Confirmation of the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. 241] (the "<u>Nowitz Declaration</u>"); and upon the *Memorandum of Law in Support of Confirmation of the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. 240] (the "<u>Confirmation Memorandum</u>"); and any objections to the Combined Disclosure Statement and Plan having been resolved and/or overruled by this Court pursuant to this Confirmation Order; and the hearing to consider Confirmation of the Combined Disclosure Statement and Plan and final approval of the disclosures contained therein having been held on August 13, 2025 (the "<u>Combined Hearing</u>"); and upon the evidence adduced and proffered and the arguments of counsel made at the Combined Hearing; and this Court having reviewed all documents in connection with the Combined Hearing and having heard all parties desiring to be heard; and upon the record of the Chapter 11 Cases (as defined below); and after due deliberation and consideration of all of the foregoing; and sufficient cause appearing therefor; this Court hereby makes the following:

<sup>1</sup> The Debtors in these chapter 11 cases, along with the last four digits of their federal tax identification numbers, are Accelerate Diagnostics, Inc. (2256) and Accelerate Diagnostics Texas, LLC (9947). The Debtors' service address for purposes of these chapter 11 cases is: 3950 South Country Club Road, Suite 470, Tucson, AZ 85714.

**<u>Findings of Fact and Conclusions of Law</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **Findings of Fact and Conclusions of Law.** The findings and conclusions set forth herein, together with the findings of fact and conclusions of law set forth in the record of the Combined Hearing, constitute this Court's findings of fact and conclusions of law pursuant to Rule 52 of the Federal Rules of Civil Procedure, made applicable to these proceedings pursuant to Bankruptcy Rules 7052 and 9014. To the extent any of the following findings of fact constitute conclusions of law, they are adopted as such. To the extent that any of the following conclusions of law constitute findings of fact, they are adopted as such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **Capitalized Terms.** Capitalized terms used herein, but not defined herein, shall have the respective meanings attributed to such terms in the Combined Disclosure Statement and Plan, the Plan Supplement, and the Solicitation Procedures Order, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **Jurisdiction and Venue.** This Court has jurisdiction over the Chapter 11 Cases pursuant to 28 U.S.C. §§ 157 and 1334, and the *Amended Standing Order of Reference* from the United States District Court for the District of Delaware, dated as of February 29, 2012. This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2), and this Court may enter a final order consistent with Article III of the United States Constitution, and the Debtors consent to entry of this Confirmation Order under the Local Rules and Article III of the United States Constitution. Venue of these proceedings and the Chapter 11 Cases is proper in this district and in this Court pursuant to 28 U.S.C. §§ 1408 and 1409.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **Chapter 11 Petitions.** On May 8, 2025 (the "<u>Petition Date</u>"), each of the Debtors filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code (the "<u>Chapter 11 Cases</u>"). The Debtors continue to manage their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. The Chapter 11 Cases are being jointly administered for procedural purposes only pursuant to Bankruptcy Rule 1015(b). No request for the appointment of a trustee or examiner has been made in these Chapter 11 Cases, and no committees have been appointed or designated as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **Judicial Notice.** This Court takes judicial notice of the docket in the Chapter 11 Cases maintained by the Clerk of this Court and/or its duly appointed agent, including, without limitation, all pleadings, notices, and other documents filed, all orders entered, and all evidence and arguments made, proffered or adduced at the hearings held before this Court during the Chapter 11 Cases, including, without limitation, the Combined Hearing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **Adequacy of Disclosures in the Combined Disclosure Statement and Plan.** The Combined Disclosure Statement and Plan contains adequate and extensive material information regarding the Debtors and the Combined Disclosure Statement and Plan (and the transactions contemplated thereby) so that the parties entitled to vote on the Combined Disclosure Statement and Plan could make informed decisions regarding the Combined Disclosure Statement and Plan. The Combined Disclosure Statement and Plan contains "adequate information" as that term is defined in section 1125(a) of the Bankruptcy Code and complies with any applicable additional requirements of the Bankruptcy Code and Bankruptcy Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **Plan Supplement.** Prior to the Combined Hearing, the Debtors filed the Plan Supplement. The Plan Supplement complies with the terms of the Combined Disclosure Statement and Plan, and the filing and notice of the Plan Supplement was appropriate and complied with the requirements of the Bankruptcy Code and the Bankruptcy Rules, and no other or further notice is or shall be required. The Debtors are authorized to modify the Plan Supplement documents following entry of this Confirmation Order in a manner consistent with this Confirmation Order and/or the Combined Disclosure Statement and Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **Mailing of Solicitation and Confirmation Materials.** As is evidenced by the Voting Declaration and the Notice Affidavits, the transmittal and service of the Combined Disclosure Statement and Plan, the Ballots, the Confirmation Notice, and the Opt-In Election Form were adequate and sufficient under the circumstances, and all parties required to be given notice of the Combined Disclosure Statement and Plan (including the deadline for filing and serving objections to final approval of the Combined Disclosure Statement and Plan as containing adequate information and confirmation thereof) have been given due, proper, timely, and adequate notice thereof in accordance with the Solicitation Procedures Order and in compliance with the Bankruptcy Code, the Bankruptcy Rules, and applicable non-bankruptcy law, and such parties have had an opportunity to appear and be heard with respect thereto. No other or further notice of the Combined Disclosure Statement and Plan and the Combined Hearing is required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **Voting.** The procedures by which the Ballots for acceptance or rejection of the Combined Disclosure Statement and Plan were distributed and tabulated under the circumstances of the Chapter 11 Cases were fair, properly conducted, and complied with the Bankruptcy Code and the Bankruptcy Rules, applicable non-bankruptcy law and the Solicitation Procedures Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **Bankruptcy Rule 3016.** In accordance with Bankruptcy Rule 3016(a), the Combined Disclosure Statement and Plan is dated and identifies the Debtors as the plan proponents. In accordance with Bankruptcy Rule 3016(b), the Debtors appropriately filed the Combined Disclosure Statement and Plan with this Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **Plan Compliance with Bankruptcy Code (11 U.S.C. § 1129(a)(1)).** As set forth below, the Combined Disclosure Statement and Plan complies with all of the applicable provisions of the Bankruptcy Code, thereby satisfying section 1129(a)(1) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L. **Proper Classification (11 U.S.C. §§ 1122, 1123(a)(1)).** The classification of Claims and Interests under the Combined Disclosure Statement and Plan is proper under the Bankruptcy Code. In addition to Administrative Claims, Professional Fee Claims, DIP Loan Claims, Priority Tax Claims, and U.S. Trustee Fees, which need not be classified, the Combined Disclosure Statement and Plan designates eight Classes of Claims and Interests. The Claims or Interests placed in each Class are substantially similar to other Claims or Interests, as the case may be, in each such Class. Valid business, factual, and legal reasons exist for separately classifying the various Classes of Claims and Interests created under the Combined Disclosure Statement and Plan, and such Classes do not unfairly discriminate between holders of Claims and Interests. Thus, the Combined Disclosure Statement and Plan satisfies sections 1122 and 1123(a)(1) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M. **Specification of Unimpaired Classes (11 U.S.C. § 1123(a)(2)).** Section 7 of the Combined Disclosure Statement and Plan specifies that Class 1 (Priority Non-Tax Claims) and Class 2 (Other Secured Claims) are Unimpaired under the Combined Disclosure Statement and Plan. Thus, section 1123(a)(2) of the Bankruptcy Code is satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N. **Specification of Treatment of Impaired Classes (11 U.S.C. § 1123(a)(3)).** Section 7 of the Combined Disclosure Statement and Plan designates Class 3 (Prepetition Super Priority Notes Claims), Class 4 (Prepetition Convertible Notes Claims), Class 5 (General Unsecured Claims), Class 6 (Existing Securities Law Claims), Class 7 (Interests), and Class 8A (Intercompany Claims) and Class 8B (Intercompany Interests) as Impaired and specifies the treatment of Claims and Interests in such Classes. Thus, section 1123(a)(3) of the Bankruptcy Code is satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O. **No Discrimination (11 U.S.C. § 1123(a)(4)).** The Combined Disclosure Statement and Plan provides for the same treatment by the Debtors for each Claim or Interest in each respective Class unless the holder of a particular Claim or Interest has agreed to a less favorable treatment of such Claim or Interest. Thus, section 1123(a)(4) of the Bankruptcy Code is satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P. **Implementation of the Combined Disclosure Statement and Plan (11 U.S.C. § 1123(a)(5)).** The Combined Disclosure Statement and Plan, including the provisions governing the Liquidation Trust, provides adequate and proper means for the Combined Disclosure Statement and Plan's implementation. Thus, section 1123(a)(5) of the Bankruptcy Code is satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q. **Non-Voting Equity Securities (11 U.S.C. § 1123(a)(6)).** The Combined Disclosure Statement and Plan does not provide for the issuance of non-voting securities, all Interests in the Debtors shall be cancelled and the Debtors' corporate entities shall be wound down. Therefore, section 1123(a)(6) of the Bankruptcy Code is satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. **Selection of Officers and Directors (11 U.S.C. § 1123(a)(7)).** Section 9 of the Combined Disclosure Statement and Plan provides that the Liquidation Trust shall be administered by the Liquidation Trustee, in accordance with the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement. The Liquidation Trustee was designated by the Initial DIP Lender and DIP Agent, is reasonably acceptable to the Debtors, and shall be appointed as the trustee to the Liquidation Trust as of the Effective Date or as soon as reasonably practicable thereafter. The Liquidation Trustee shall oversee the Liquidation Trust and the implementation of the Combined Disclosure Statement and Plan and the wind-down of the Estates. The Liquidation Trustee shall be vested with the power to act for the Debtors in the same capacity as applicable to a board of directors and officers, subject to the provisions of the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement (and all articles of incorporation or amendments, by-laws, governing documents, and related documents, as applicable, are deemed amended pursuant to the Combined Disclosure Statement and Plan to permit and authorize the same). From and after the Effective Date, the Liquidation Trustee shall be deemed officers, representatives, and directors of, and shall act for, each of the Debtors and their Estates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S. **Additional Combined Disclosure Statement and Plan Provisions (11 U.S.C. § 1123(b)).** The Combined Disclosure Statement and Plan provisions are appropriate, in the best interests of the Debtors and their Estates, and consistent with the applicable provisions of the Bankruptcy Code and Bankruptcy Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. **Executory Contracts (11 U.S.C. § 1123(b)(1), (b)(2)).** The Debtors have exercised reasonable business judgment in determining to either assume, assume and assign, or reject each of the Debtors' remaining Executory Contracts as provided for in the Combined Disclosure Statement and Plan, the Plan Supplement, and this Confirmation Order, and any such determinations are justified and appropriate under the circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U. **Compromises and Settlements Under and in Connection with the Combined Disclosure Statement and Plan (11 U.S.C. § 1123(b)(3)(A))**. All of the settlements and compromises pursuant to and in connection with the Combined Disclosure Statement and Plan comply with the requirements of section 1123(b)(3) of the Bankruptcy Code and Bankruptcy Rule 9019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V. **Releases, Exculpations, and Injunctions (11 U.S.C. § 1123(b)(3)(B))**. Under the facts and circumstances of the Chapter 11 Cases, the releases, exculpations, and injunctions provided for in the Combined Disclosure Statement and Plan are, subject to the terms and limitations set forth in the Combined Disclosure Statement and Plan: (i) within the jurisdiction of this Court under 28 U.S.C. § 1334, (ii) an appropriate exercise of the Debtors' business judgment, (iii) integral elements of the transactions incorporated into the Combined Disclosure Statement and Plan and inextricably bound with the other provisions of the Combined Disclosure Statement and Plan, (iv) in exchange for good and valuable consideration provided by the Released Parties, (v) in the best interests of the Debtors, the Estates, and all holders of Claims and Interests that are Releasing Parties, (vi) fair, equitable, and reasonable, (vii) given and made after due notice and an opportunity to object , opt-in, and be heard with respect thereto, (viii) consistent with sections 105, 524, 1123, 1129, and 1141 and other applicable provisions of the Bankruptcy Code and other applicable law, and (ix) a bar to any of the Releasing Parties asserting any released claim against any of the Released Parties as and to the extent provided for in the Combined Disclosure Statement and Plan and this Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W. **Combined Disclosure Statement and Plan Compliance with Bankruptcy Code (11 U.S.C. § 1123(b)(5)).** In accordance with section 1123(b)(5) of the Bankruptcy Code, Section 7 of the Combined Disclosure Statement and Plan modifies or leaves unaffected, as the case may be, the rights of holders of Claims and Interests in each Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X. **Combined Disclosure Statement and Plan Compliance with Bankruptcy Code (11 U.S.C. § 1123(b)(6)).** In accordance with section 1123(b)(6) of the Bankruptcy Code, the Combined Disclosure Statement and Plan includes various additional appropriate provisions that are not inconsistent with applicable provisions of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y. **Modifications to the Combined Disclosure Statement and Plan (11 U.S.C. § 1127(a)).** The modifications to the solicitation version of the Combined Disclosure Statement and Plan do not adversely change the treatment of any Class in a material manner. Therefore, the Combined Disclosure Statement and Plan does not require additional disclosure under sections 1125 or 1127(a) of the Bankruptcy Code or re-solicitation of votes under section 1126 of the Bankruptcy Code, nor does it require that holders of Claims be afforded an opportunity to change previously cast acceptances or rejections. The Classes that accepted the solicitation version of the Combined Disclosure Statement and Plan are deemed to have accepted the Combined Disclosure Statement and Plan and additional notice under Bankruptcy Rule 3019(a) is not required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Z. **Debtors' Compliance with Bankruptcy Code (11 U.S.C. § 1129(a)(2)).** Pursuant to section 1129(a)(2) of the Bankruptcy Code, the Debtors have complied with the applicable provisions of the Bankruptcy Code, including, without limitation, sections 1122, 1123, 1124, 1125, and 1126 of the Bankruptcy Code, the Bankruptcy Rules, and the Solicitation Procedures Order governing notice, disclosure, and solicitation in connection with the Combined Disclosure Statement and Plan, the Plan Supplement, and all other matters considered by this Court in connection with the Chapter 11 Cases.

AA. **Combined Disclosure Statement and Plan Proposed in Good Faith and Not by Means Forbidden by Law (11 U.S.C. § 1129(a)(3)).** The Debtors have proposed the Combined Disclosure Statement and Plan in good faith and not by any means forbidden by law, thereby satisfying section 1129(a)(3) of the Bankruptcy Code. In determining that the Combined Disclosure Statement and Plan has been proposed in good faith, this Court has examined the totality of the circumstances surrounding the filing of the Chapter 11 Cases, the Combined Disclosure Statement and Plan itself, and the process leading to its formulation. The Combined Disclosure Statement and Plan is the result of extensive arm's length negotiations among the Debtors, the U.S. Trustee, the Prepetition Secured Parties, the DIP Lenders, the Securities and Exchange Commission (the "<u>SEC</u>"), and other key stakeholders. The Combined Disclosure Statement and Plan promotes the objectives and purposes of the Bankruptcy Code.

BB. **Payments for Services or Costs and Expenses (11 U.S.C. § 1129(a)(4)).** The procedures set forth in the Combined Disclosure Statement and Plan for this Court's approval of the fees, costs, and expenses to be paid in connection with the Chapter 11 Cases, or in connection with the Combined Disclosure Statement and Plan and incident to the Chapter 11 Cases, satisfy the objectives of, and are in compliance with, section 1129(a)(4) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CC. **Directors, Officers, and Insiders (11 U.S.C. § 1129(a)(5)).** In accordance with the Combined Disclosure Statement and Plan, the Debtors' corporate entities will be wound down and, pursuant to Section 9.4 of the Combined Disclosure Statement and Plan, upon the occurrence of the Effective Date, each of the Debtors' directors and officers shall be terminated automatically (except to the extent retained by the Liquidation Trustee, subject to a separate agreement with the Liquidation Trustee). The identity of the Liquidation Trustee has been disclosed as part of the Plan Supplement, and is consistent with the interests of holders of Claims and Interests and with public policy. Thus, the Combined Disclosure Statement and Plan satisfies section 1129(a)(5) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DD. **Best Interests of Creditors (11 U.S.C. § 1129(a)(7)).** The "best interests" test is satisfied as to all Impaired Classes under the Combined Disclosure Statement and Plan, as each holder of a Claim or Interest in such Impaired Classes will receive or retain property of a value, as of the Effective Date, that is not less than the amount that such holder would so receive or retain if the Debtors were liquidated under chapter 7 of the Bankruptcy Code.

EE. **Acceptance by Certain Classes (11 U.S.C. § 1129(a)(8)).** Notwithstanding anything in the Combined Disclosure Statement and Plan or this Confirmation Order, for purposes of voting and distribution under the Combined Disclosure Statement and Plan, the Estates shall be deemed merged and consolidated, and treated as a single Estate. Class 1 (Priority Non-Tax Claims) and Class 2 (Other Secured Claims) are left Unimpaired under the Combined Disclosure Statement and Plan. Class 3 (Prepetition Super Priority Notes Claims), Class 4 (Prepetition Convertible Notes Claims), and Class 5 (General Unsecured Claims) are Impaired under the Combined Disclosure Statement and Plan and entitled to vote. Classes 3, 4, and 5 voted to accept the Combined Disclosure Statement and Plan in accordance with the Bankruptcy Code. Class 6 (Existing Securities Law Claims), Class 7 (Interests), Class 8A (Intercompany Claims) and Class 8B (Intercompany Interests) are deemed to have rejected the Combined Disclosure Statement and Plan pursuant to section 1126(g) of the Bankruptcy Code. Accordingly, section 1129(a)(8) of the Bankruptcy Code has not and cannot be satisfied. The Combined Disclosure Statement and Plan, however, is still confirmable because it satisfies the nonconsensual confirmation provisions of section 1129(b), as set forth below.

FF. **Treatment of Administrative Claims, Professional Fee Claims, Priority Tax Claims, DIP Loan Claims and U.S. Trustee Fees (11 U.S.C. § 1129(a)(9))**. The treatment of Administrative Claims, Professional Fee Claims, DIP Loan Claims, Priority Tax Claims, and U.S. Trustee Fees pursuant to Sections 2 and 6 of the Combined Disclosure Statement and Plan satisfies section 1129(a)(9) of the Bankruptcy Code.

GG. **Acceptance by Impaired Class (11 U.S.C. § 1129(a)(10)).** Class 3 (Prepetition Super Priority Notes Claims), Class 4 (Prepetition Convertible Notes Claims), and Class 5 (General Unsecured Claims) are Impaired Classes of Claims that voted to accept the Combined Disclosure Statement and Plan, determined without including any acceptance of the Combined Disclosure Statement and Plan by any insider. Therefore, section 1129(a)(10) of the Bankruptcy Code is satisfied.

HH. **Feasibility (11 U.S.C. § 1129(a)(11)).** The evidence supporting the Combined Disclosure Statement and Plan proffered or adduced by the Debtors at, or prior to, or in declarations filed in connection with the Combined Hearing establish that the Debtors have the wherewithal to make all payments and otherwise comply with their financial commitments under the Combined Disclosure Statement and Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. **Payment of Fees (11 U.S.C. § 1129(a)(12)).** All fees payable under 28 U.S.C. § 1930 have been paid or will be paid on or before the Effective Date pursuant to the Combined Disclosure Statement and Plan, thereby satisfying section 1129(a)(12) of the Bankruptcy Code.

JJ. **Miscellaneous Provisions (11 U.S.C. §§ 1129 (a)(6), 1129(a)(13)–(16)).** Sections 1129(a)(6), (a)(13)–(16) of the Bankruptcy Code are inapplicable to Confirmation, as the Debtors (i) will not have any businesses involving the establishment of rates (section 1126(a)(6)), (ii) are not obligated to pay retiree benefits (as defined in section 1114(a) of the Bankruptcy Code) (section 1129(a)(13)), (iii) have no domestic support obligations (section 1129(a)(14)), (iv) are not individuals (section 1129(a)(15)), and (v) are not nonprofit corporations (section 1129(a)(16)).

KK. **No Unfair Discrimination; Fair and Equitable Treatment (11 U.S.C. § 1129(b)).** The classification and treatment of Claims and Interests in Class 6 (Existing Securities Law Claims), Class 7 (Interests), Class 8A (Intercompany Claims) and Class 8B (Intercompany Interests), which are deemed to have rejected the Combined Disclosure Statement and Plan, is proper pursuant to section 1122 of the Bankruptcy Code, does not discriminate unfairly, and is fair and equitable pursuant to section 1129(b)(1) of the Bankruptcy Code. There is no Class of Claims or Interests junior to the holders of Claims and Interests in Class 6, Class 7, Class 8A and Class 8B that will receive or retain property under the Combined Disclosure Statement and Plan on account of their Claims or Interests. Accordingly, the Combined Disclosure Statement and Plan does not violate the absolute priority rule, does not discriminate unfairly, and is fair and equitable with respect to each Class that is deemed to have rejected the Combined Disclosure Statement and Plan. Thus, the Combined Disclosure Statement and Plan satisfies section 1129(b) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LL. **Only One Plan (11 U.S.C. § 1129(c)).** The Combined Disclosure Statement and Plan is the only chapter 11 plan currently proposed in the Chapter 11 Cases, and section 1129(c) of the Bankruptcy Code is therefore satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MM. **Principal Purpose (11 U.S.C. § 1129(d)).** The principal purpose of the Combined Disclosure Statement and Plan is neither the avoidance of taxes, nor the avoidance of the application of section 5 of the Securities Act of 1933, and no governmental unit has objected to Confirmation on any such grounds. Accordingly, section 1129(d) of the Bankruptcy Code is inapplicable.

NN. **Satisfaction of Confirmation Requirements.** Based upon the foregoing, the Combined Disclosure Statement and Plan satisfies the requirements for Confirmation set forth in section 1129 of the Bankruptcy Code and should be confirmed.

OO. **Good Faith Solicitation (11 U.S.C. § 1125(e)).** The Debtors and their officers, directors, employees, advisors, Professionals, and agents have acted in good faith within the meaning of section 1125(e) of the Bankruptcy Code, and in compliance with the applicable provisions of the Bankruptcy Code, the Bankruptcy Rules, and the Solicitation Procedures Order in connection with all of their respective activities relating to the solicitation of acceptances of the Combined Disclosure Statement and Plan and their participation in the activities described in section 1125 of the Bankruptcy Code, and they are entitled to the protections afforded by section 1125(e) of the Bankruptcy Code and the release, injunction, and exculpation provisions set forth in Section 14 of the Combined Disclosure Statement and Plan and in this Confirmation Order.

PP. **Retention of Jurisdiction.** This Court retains jurisdiction over the matters set forth in Section 15 of the Combined Disclosure Statement and Plan and/or section 1142 of the Bankruptcy Code.

**Based upon the foregoing findings, and upon the record made before this Court at the Combined Hearing, and good and sufficient cause appearing therefor, it is hereby ORDERED, ADJUDGED AND DECREED THAT:**

**<u>Adequacy of Disclosures in the Combined Disclosure Statement and Plan</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Combined Disclosure Statement and Plan is approved on a final basis as having adequate information as contemplated by section 1125(a)(1) of the Bankruptcy Code and sufficient information of a kind necessary to satisfy the disclosure requirements of any applicable non-bankruptcy laws, rules, and regulations.

**<u>Confirmation of the Combined Disclosure Statement and Plan</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Combined Disclosure Statement and Plan, as and to the extent modified by this Confirmation Order, is approved and confirmed pursuant to section 1129 of the Bankruptcy Code. All objections to Confirmation and the Combined Disclosure Statement and Plan not otherwise withdrawn, resolved, or otherwise disposed of are overruled and denied on the merits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The terms of the Combined Disclosure Statement and Plan are incorporated by reference into (except to the extent modified by this Confirmation Order), and are an integral part of, this Confirmation Order. Each provision of the Combined Disclosure Statement and Plan, as modified by this Confirmation Order, is authorized and approved and shall have the same validity, binding effect, and enforceability as every other provision of the Combined Disclosure Statement and Plan. The terms of the Combined Disclosure Statement and Plan, as modified by any modifications made at the Combined Hearing, are incorporated by reference into and are an integral part of this Confirmation Order. The failure specifically to describe, include, or refer to any particular article, section, or provision of the Combined Disclosure Statement and Plan, Plan Supplement, or any related document in this Confirmation Order shall not diminish or impair the effectiveness of such article, section, or provision, and the Combined Disclosure Statement and Plan, the Plan Supplement, and all related documents are approved and confirmed in their entirety as if set forth verbatim in this Confirmation Order.

**<u>Conditions Precedent</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Effective Date shall not occur unless the conditions precedent set forth in Section 13.1 of the Combined Disclosure Statement and Plan have been satisfied or waived in accordance with Section 13.3 of the Combined Disclosure Statement and Plan.

**<u>Compromises and Settlements Under the Combined Disclosure Statement and Plan</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Pursuant to section 1123 of the Bankruptcy Code, upon the Effective Date, all settlements and compromises set forth in the Combined Disclosure Statement and Plan are approved in all respects, and constitute good faith compromises and settlements.

**<u>Classification and Treatment</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Combined Disclosure Statement and Plan's classification scheme is approved. The classifications set forth on the Ballots (a) were set forth on the Ballots solely for purposes of voting to accept or reject the Combined Disclosure Statement and Plan, (b) do not necessarily represent, and in no event shall be deemed to modify or otherwise affect, the actual classification of such Claims under the Combined Disclosure Statement and Plan for distribution purposes, (c) may not be relied upon by any holder as representing the actual classification of such Claim under the Combined Disclosure Statement and Plan for distribution purposes, and (d) shall not be binding on the Debtors, and/or the Liquidation Trustee, as applicable, except for the purpose of voting on the Combined Disclosure Statement and Plan.

**<u>Authorization to Implement the Combined Disclosure Statement and Plan</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Debtors and/or the Liquidation Trustee, as applicable, are authorized to take or cause to be taken all corporate actions necessary or appropriate to implement all provisions of, and to consummate the Combined Disclosure Statement and Plan and to execute, enter into, or otherwise make effective all documents arising in connection therewith, prior to, on, and after the Effective Date, all without further action under applicable law, regulation, order, or direction by the pre-Effective Date shareholders or board of directors of the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. On or after the Effective Date, the officers of the Debtors or Liquidation Trustee, as applicable, are authorized to do all things and to execute and deliver all agreements, documents, instruments, notices, and certificates as are contemplated by the Combined Disclosure Statement and Plan and to take all necessary actions required in connection therewith, in the name of and on behalf of the Debtors, all without further action under applicable law, regulation, order, or direction by the pre-Effective Date shareholders or board of directors of the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The Debtors or the Liquidation Trustee (as applicable) are authorized to adjust, continue, settle, reinstate, discharge or eliminate all Allowed Intercompany Claims and Intercompany Interests, in each case to the extent the Debtors or the Liquidation Trustee deem appropriate, with the prior consent of the DIP Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The approvals and authorizations specifically set forth in this Confirmation Order are not intended to limit the authority of the Liquidation Trustee, the Debtors, or any officer thereof to take any and all actions necessary or appropriate to implement, effectuate, and consummate any and all documents or transactions contemplated by the Combined Disclosure Statement and Plan or this Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. On or after the Effective Date, the Liquidation Trustee may file a certification with the Court that it has substantially administered the Combined Disclosure Statement and Plan for any Debtor, and such Debtor shall be deemed dissolved without further order of the Court or action by the Liquidation Trustee, including the filing of any documents with the secretary of state for the state in which such dissolved Debtor(s) are formed or any other jurisdiction. The Liquidation Trustee is authorized to take all necessary or appropriate actions to dissolve such Debtors and withdraw such Debtors from applicable states.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Except to the extent necessary to complete the wind down of any remaining assets or operations from and after the Effective Date, the Debtors (i) for all purposes shall be deemed to have withdrawn their business operations from any state or country in which the Debtors were previously conducting, or are registered or licensed to conduct, their business operations, and shall not be required to file any document, pay any sum, or take any other action in order to effectuate such withdrawal, (ii) shall be deemed to have canceled all Interests, and (iii) shall not be liable in any manner to any taxing authority for franchise, business, license, or similar taxes accruing on or after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Prepetition Convertible Notes Trustee, the Prepetition Convertible Notes Collateral Agent, and the Prepetition Super Priority Notes Trustee each are authorized and directed to take such actions as are reasonably requested, at the expense of the party requesting the Prepetition Convertible Notes Trustee, the Prepetition Convertible Notes Collateral Agent, and/or the Prepetition Super Priority Notes Trustee to take such action, to evidence the release of the liens securing the Prepetition Convertible Notes Claims and the Prepetition Super Priority Notes Claims, respectively.

**<u>Cancellation of DIP Loan Documents</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. For the avoidance of doubt, on the Effective Date of the Plan, the DIP Loan Documents shall be deemed cancelled, discharged and of no force or effect, except as necessary to (a) enforce the rights, claims and interests of the DIP Agent; (b) allow the receipt of and to make distributions under the Final DIP Order, Sale Order, and Plan in accordance with the terms of the DIP Loan Documents; and (c) preserve any rights of the (1) DIP Agent to seek compensation and reimbursement, to payment of fees, expenses, and indemnification obligations as against any property distributable to the DIP Lenders, including any rights to priority of payment and/or to exercise charging liens, and (2) to enforce its rights, claims, and interests, vis-à-vis any party other than the Debtors.

**<u>Enforceability of the Combined Disclosure Statement and Plan</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Pursuant to sections 1123(a), 1141(a) and 1142 of the Bankruptcy Code, the Combined Disclosure Statement and Plan and all related documents (including, but not limited to, the Liquidation Trust Agreement) shall be, and hereby are, valid, binding and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. On the Effective Date, the Debtors shall irrevocably transfer and shall be deemed to have irrevocably transferred to the Liquidation Trust all of their rights, title, claims, defenses, and interest in and to all of the Liquidation Trust Assets free and clear of all liens, claims, and encumbrances, except to the extent otherwise provided in the Combined Disclosure Statement and Plan or this Confirmation Order, in accordance with section 1141 of the Bankruptcy Code; and such transfer shall be exempt from any stamp, real estate transfer, other transfer, mortgage reporting, sales, use, or other similar tax. After the Effective Date, a certified copy of this Confirmation Order may be filed with the appropriate clerk or recorded with the recorder of any federal, state, province, county, or local authority, whether foreign or domestic, to act to effectuate the transfer of the Liquidation Trust Assets to the Liquidation Trust, vesting the Liquidation Trust Assets with all right, title, and interest of the Debtors to the property in the Estate, free and clear of all liens, claims, and encumbrances.

**<u>The Liquidation Trust</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. **Liquidation Trustee.** On the Effective Date, the Liquidation Trust, in accordance with the terms of the Liquidation Trust Agreement and the Combined Disclosure Statement and Plan, shall be established for the benefit of the Liquidation Trust Beneficiaries. Pursuant to the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement, all of the Liquidation Trust Assets shall be deemed to have been vested in the Liquidation Trust on the Effective Date, without the necessity of any further order of this Court. The Liquidation Trustee may take any and all actions as may be necessary or appropriate to effect any transaction described in, approved by, contemplated by, or necessary to effectuate the Combined Disclosure Statement and Plan and Liquidation Trust Agreement, in each case in accordance with the Wind-Down Budget, and without supervision of or approval by the Court and free and clear of any restrictions of the Bankruptcy Code or the Bankruptcy Rules other than restrictions expressly imposed by the Combined Disclosure Statement and Plan, the Liquidation Trust Agreement or this Confirmation Order. The Liquidation Trustee shall be the representative of the Estate as that term is used in section 1123(b)(3)(B) of the Bankruptcy Code with respect to the rights, powers, authority, and responsibilities specified in the Combined Disclosure Statement and Plan, this Confirmation Order, and the Liquidation Trust Agreement and except as provided in the Combined Disclosure Statement and Plan, the Liquidation Trust Agreement, or this Confirmation Order, the Liquidation Trustee shall be the Debtors' successor in interest with respect to the Liquidation Trust Assets and all actions, claims, defenses, rights, or interests constituting Liquidation Trust Assets are preserved and retained and may be enforced by the Liquidation Trustee as the representative of the Estates pursuant to section 1123(b)(3(B) of the Bankruptcy Code. Except as expressly provided in the Combined Disclosure Statement and Plan or this Confirmation Order, and unless waived, relinquished, exculpated, resolved, released, compromised, or settled pursuant to the Combined Disclosure Statement and Plan or an order of this Court, the Liquidation Trust shall have the sole responsibility, standing (including derivative standing), and authority to investigate, commence, prosecute and settle all Claims and Causes of Action including, but not limited to, (a) any claims that could be asserted by third parties derivatively through any Debtor or any of their Subsidiaries and (b) any Avoidance Actions and the proceeds of such Claims and Causes of Action (collectively, the "<u>Liquidation Trust Causes of Action</u>"). The Liquidation Trustee shall have all such standing, rights, powers and entitlements with respect to all such Liquidation Trust Causes of Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. **Liquidation Trust Agreement.** The formation, rights, powers, duties, structure, obligations and other matters pertaining to the Liquidation Trustee shall be governed by the Liquidation Trust Agreement, the Combined Disclosure Statement and Plan, and this Confirmation Order. The terms of the Liquidation Trust Agreement are consistent with the Combined Disclosure Statement and Plan and this Confirmation Order, fair, reasonable and in the best interest of the Debtors, their Estates, creditors, and other parties in interest. The Liquidation Trust Agreement is approved, subject to any amendments permitted under the Combined Disclosure Statement and Plan, the Liquidation Trust Agreement, and this Confirmation Order. The terms of the Liquidation Trust, the selection and appointment of the Liquidation Trustee, and the terms of the Liquidation Trustee's compensation are fair, equitable and reasonable and in the best interest of the Debtors, their Estates, creditors, and other parties in interest. Pursuant to the Combined Disclosure Statement and Plan, the Court shall retain jurisdiction over the Liquidation Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. **Liquidation Trust Assets.** The Liquidation Trust Assets, together with any other property held by the Liquidation Trust and all earnings thereon (including interest), shall be held and applied by the Liquidation Trustee in accordance with the Liquidation Trust Agreement and this Confirmation Order for the sole benefit of the Liquidating Trust Beneficiaries (as defined in the Liquidation Trust Agreement), and for no other party, subject to the terms and conditions of the foregoing documents. For the avoidance of doubt, the Majority Beneficiary Assets (as defined in the Liquidation Trust Agreement) shall be distributed to the Majority Beneficiary Vehicle on the terms and conditions as set forth in the Liquidation Trust Agreement. Funds held by the Liquidation Trust shall be invested in demand or time deposits at banks or other savings institutions, or in other temporary, liquid investments (such as Treasury bills), as needed to meet the liquidity requirements of the Liquidation Trust, as determined by the Liquidation Trustee. All such investments shall comply with section 345 of the Bankruptcy Code and Local Rule 4001-3, unless otherwise ordered by the Bankruptcy Court, and must qualify as permissible investments for a "liquidating trust" under Treasury Regulation § 301.7701-4(d) and applicable IRS guidance.

**<u>Executory Contracts</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. The assumption of the Executory Contracts identified on the Assumption Schedule is approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. Except for any Executory Contract that (i) has already been assumed and assigned; (ii) as of the Effective Date is subject to a pending motion to assume or assume and assign such Executory Contract; (iii) is a contract, release, or other agreement or document entered into in connection with the Combined Disclosure Statement and Plan; (iv) is a D&O Policy or an insurance policy; or (v) is identified for assumption on the Assumption Schedule included in the Plan Supplement, each of the Debtors' remaining Executory Contracts shall be deemed rejected as of the Effective Date in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code and such rejections are approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. Each Executory Contract assumed pursuant to the Combined Disclosure Statement and Plan or by Order of this Court, and not assigned to a third party on or prior to the Effective Date, shall be assumed by the Wind-Down Estates, and any proceeds and/or receivables owed to the Wind-Down Estates under any Executory Contract shall be deemed a Liquidation Trust Asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. Unless otherwise provided by a Court order, any Proofs of Claim based on the rejection of the Debtors' Executory Contracts pursuant to the Combined Disclosure Statement and Plan or otherwise must be filed with the Court and served on the Liquidation Trustee no later than thirty (30) days after the earlier of (i) notice of entry of an order approving the rejection of such Executory Contract; and (ii) notice of occurrence of the Effective Date. All Allowed Claims arising from the rejection of the Debtors' Executory Contracts shall be classified as Class 5 General Unsecured Claims, except as otherwise provided by order of the Court. Any Claims arising from the rejection of the Executory Contracts that are not timely filed pursuant to Section 12.2 of the Combined Disclosure Statement and Plan shall be subject to disallowance by objection after notice and an opportunity for hearing. If one or more Claims arising from the rejection of the Executory Contracts are timely Filed, the Liquidation Trustee may File an objection to any Claim arising from the rejection of the Executory Contracts on or prior to the Claims Objection Deadline.

**<u>Administrative Claims</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Except as otherwise set forth in Section 6.1 of the Combined Disclosure Statement and Plan, requests for payment of Administrative Claims must be filed with the Court and served on the Debtors, the Liquidation Trustee, the Claims Agent, and the U.S. Trustee, so as to be received by the Administrative Claim Bar Date. Such proof of Administrative Claim must include at a minimum: (i) the name of the applicable Debtor that is purported to be liable for the Administrative Claim; (ii) the name of the holder of the Administrative Claim; (iii) the amount of the Administrative Claim; (iv) the basis of the Administrative Claim; and (v) supporting documentation for the Administrative Claim. **FAILURE TO FILE AND SERVE SUCH PROOF OF ADMINISTRATIVE CLAIM TIMELY AND PROPERLY SHALL RESULT IN THE ADMINISTRATIVE CLAIM BEING FOREVER BARRED AND RELEASED**.

**<u>Professional Fees Account and Fee Claims</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. In accordance with Section 6.1 of the Combined Disclosure Statement and Plan, on the Effective Date, the Debtors shall be authorized to transfer custody of the Professional Fee Reserve Account to the Liquidation Trust and the Debtors or the Liquidation Trustee, as applicable, shall fund the Professional Fee Reserve Account with cash equal to the Professional Fee Reserve Amount. Professionals Fee Claims shall be paid in Cash from funds held in the Professional Fee Reserve Account when such Claims are Allowed by a Final Order of the Court. Neither the Debtors' nor the Liquidation Trust's obligations to pay Professional Fee Claims shall be limited nor be deemed limited to funds held in the Professional Fee Reserve Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. All final applications for payment of Professional Fee Claims must be filed with this Court and served on the Debtors, counsel to the Debtors, counsel to the DIP Lenders, the Liquidation Trustee, and the U.S. Trustee by the Professional Fee Claims Bar Date. Each holder of an Allowed Professional Fee Claim shall be paid in Cash from the Professional Fee Reserve Account in an amount equal to such Allowed Professional Fee Claim as soon as reasonably practicable following the date upon which such Claim becomes Allowed, unless such holder shall agree to a different treatment of such Claim. Professionals shall only be required to file a final fee application and do not need to file an interim fee application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. The funds in the Professional Fee Reserve Account shall be used solely for the payment of Allowed Professional Fee Claims in accordance with Section 6 of the Combined Disclosure Statement and Plan. Until payment in full of all Allowed Professional Fee Claims, funds held in the Professional Fee Reserve Account shall not be considered Liquidation Trust Assets or otherwise property of the Liquidation Trust, the Debtors, their Estates, or any other party. Any funds remaining in the Professional Fee Reserve Account after all required payments have been made shall promptly be released from such escrow and shall be distributed first to the DIP Agent for the benefit of the DIP Lenders on account of the applicable DIP Obligations until Paid in Full, thereafter to the Holders of Allowed Prepetition Super Priority Noteholders, until the Prepetition Super Priority Notes Claims are Paid in Full, thereafter to the Holders of Allowed Convertible Notes Roll Up Loans Claims, until the Convertible Notes Roll Up Loans Claims are Paid in Full, and thereafter to the Prepetition Convertible Noteholders, until the Prepetition Convertible Notes Claims are paid in full, with any excess vesting in the Liquidation Trust, without any further action or order of the Court.

**<u>Release, Injunction, Exculpation and Related Provisions</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. The release, injunction, exculpation, and related provisions set forth in Section 14 of the Combined Disclosure Statement and Plan are hereby approved and authorized in their entirety, and such provisions are effective and binding on all Entities as and to the extent provided for therein.

**<u>Payment of Statutory Fees</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. All fees due and payable pursuant to section 1930 of Title 28 of the U.S. Code ("<u>U.S. Trustee Fees</u>") incurred or anticipated to incurred or accrued prior to the Effective Date shall be paid by the Debtors on the Effective Date. After the Effective Date, any and all U.S. Trustee Fees shall be paid when due and payable. The Debtors shall file all monthly operating reports due prior to the Effective Date when they become due, using UST Form 11-MOR. The Debtors shall compile, in the format required by UST Form 11-MOR all data and information necessary to complete any unfiled monthly operating reports for the period through and including the Effective Date to the extent not filed. This data and information shall be delivered to the Liquidation Trustee no later than thirty (30) days after the Effective Date. After the Effective Date, the Liquidation Trustee and each of the Wind-Down Estates shall file with the Court separate UST Form 11-PCR reports when they become due. Each and every one of the Debtors, the Wind-Down Estates, and the Liquidation Trustee shall remain obligated to pay U.S. Trustee Fees to the Office of the U.S. Trustee until the earliest of that particular Debtor's case being closed, dismissed or converted to a case under Chapter 7 of the Bankruptcy Code. The U.S. Trustee shall not be required to file any Administrative Claim in the case, and shall not be treated as providing any release under the Combined Disclosure Statement and Plan with respect to payment of the U.S. Trustee Fees.

**<u>United States Interests</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. As to the United States, its agencies or any instrumentalities thereof (collectively, the "<u>United States</u>"), notwithstanding anything contained in this Confirmation Order, the Combined Disclosure Statement and Plan, or the Plan Supplement to the contrary, nothing shall: (i) limit or be intended to or be construed to bar the United States from pursuing any police or regulatory action or any criminal action; (ii) discharge, release, exculpate, impair or otherwise preclude: (a) any obligation to the United States that is not a "claim" within the meaning of section 101(5) of the Bankruptcy Code; (b) any Claim of the United States arising on or after the Effective Date; (c) any liability of the Debtors under police or regulatory statutes or regulations to the United States as the owner, lessor, lessee or operator of property that such Entity owns, operates or leases after the Effective Date; or (d) any liability owed to the United States, including but not limited to any liabilities arising under the federal environmental, criminal, civil or common law, by any non-Debtor, including the Released Parties and the Exculpated Parties; *provided*, *however*, that the foregoing shall not (1) diminish the scope of any exculpation to which any Person is entitled under section 1125(e) of the Bankruptcy Code or (2) limit the scope of discharge granted to the Debtors under sections 524 and 1141 of the Bankruptcy Code; (iii) enjoin or otherwise bar the United States from asserting or enforcing, outside the Court, any liability described in the preceding clause (ii); *provided*, *however*, that the non-bankruptcy rights and defenses of all Entities with respect to (a)–(d) in clause (ii) are likewise fully preserved; (iv) affect any valid right of setoff or recoupment of the United States against any of the Debtors; *provided*, *however*, that the rights and defenses (other than any rights or defenses based on language in the Plan or the Confirmation Order that may extinguish or limit setoff or recoupment rights) of the Debtors with respect thereto are fully preserved; (v) confer exclusive jurisdiction to the Court except to the extent set forth in 28 U.S.C. § 1334 (as limited by any other provisions of the United States Code); (vi) authorize the assumption, assignment, sale or other transfer of any federal (a) grants, (b) grant funds, (c) contracts, including but not limited to, Department of Veterans Affairs Federal Supply Schedule Contract Number 36F79718D0391, and additional Department of Veterans Affairs Contract Numbers 36C25022C0018, 36C25523A0024, 36C25620A0043, and 36C24722P0365, (d) agreements, (e) awards, (f) task orders, (g) property, (h) intellectual property, (i) patents, (j) leases, (k) certifications, (l) applications, (m) registrations, (n) billing numbers, (o) national provider identifiers, (p) provider transaction access numbers, (q) licenses, (r) permits, (s) covenants, (t) inventory, (u) guarantees, (v) indemnifications, (w) data, (x) records, or (y) any other interests belonging to the United States (collectively, "<u>Federal Interests</u>") without compliance with all terms of the Federal Interests and with all applicable non-bankruptcy law; (vii) be interpreted to set cure amounts related to any Federal Interests or to require the United States to novate, approve or otherwise consent to the assumption, assignment, sale or other transfer of any Federal Interests; (viii) constitute or be deemed an approval or consent by the United States; (ix) waive, alter, or otherwise limit the United States' property rights; (x) be construed as a compromise or settlement of any liability, Claim, Cause of Action or interest of the United States; (xi) modify the scope of section 525 of the Bankruptcy Code; (xii) cause Rejection Damage Claims to have to be filed before the Governmental Bar Date or alter the priority and treatment of such Rejection Damage Claims under the Bankruptcy Code. Further, in the event of an inconsistency or conflict between any provision of the Combined Disclosure Statement and Plan or the Plan Supplement and any provision of this Confirmation Order, then, as to the United States, the provisions of this Confirmation Order and federal law shall control.

**<u>Liquidation Trust Beneficial Interests</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. The beneficial interests (the "<u>Liquidation Trust Interests</u>") to be issued to the Liquidation Trust Beneficiaries under the Combined Disclosure Statement and Plan are being issued pursuant to section 1145 of the Bankruptcy Code and the offering, issuance, and distribution of the Liquidation Trust Beneficial Interests pursuant to the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement shall be exempt pursuant to section 1145 of the Bankruptcy Code from, among other things, the registration and/or prospectus delivery requirements of section 5 of the Securities Act and any other applicable federal, state, local or other law requiring registration and/or delivery of prospectuses prior to the offering, issuance, distribution, or sale of securities. The Liquidation Trust Interests shall not be represented by units or certificates, or be transferable or assignable, except by will or intestate succession or as otherwise determined by the Liquidation Trustee in accordance with all applicable securities law.

**<u>SEC Matters</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. Notwithstanding anything to the contrary in this Confirmation Order, the Combined Disclosure Statement and Plan, or Plan Supplement, beneficial interests in the Liquidation Trust will not be certificated and may not be transferred, sold, pledged or otherwise disposed of, or offered for sale, except for transfers by will, intestacy or operation of law. The Liquidation Trust will operate in compliance with federal and state securities laws and SEC staff guidance, including those regarding liquidating trusts.

**<u>Texas Comptroller Matters</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. Notwithstanding anything else to the contrary in the Combined Disclosure Statement and Plan or this Confirmation Order, the Texas Comptroller of Public Accounts (the "<u>Texas Comptroller</u>") reserves the following rights: (1) any statutory or common law setoff rights in accordance with section 553 of the Bankruptcy Code; (2) any rights to pursue any non-Debtor third parties for tax debts or Claims; (3) the payment of interest on the Texas Comptroller's Allowed Administrative Claims, if any; (4) to the extent that interest is payable with respect to any Allowed Administrative Claim of the Texas Comptroller, payment of the statutory rate of interest pursuant to Texas Tax Code § 111.060; and (5) the Texas Comptroller is not required to file a motion or application for payment of Administrative Claims pursuant to section 503(b)(1)(D) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. Should the Liquidation Trust fail to make any payments as required in the Combined Disclosure Statement and Plan or this Confirmation Order, or remain current on postpetition and/or post-confirmation ordinary course tax reporting and payment obligations, the Texas Comptroller shall provide written notice of that default to the Liquidation Trustee and their counsel advising of that default and providing a period of twenty-one (21) Business Days to cure the default. In the event the default is not cured within twenty-one (21) Business Days, the Texas Comptroller may seek appropriate relief with the Court to collect the full amount of all taxes, penalties, and interest owed.

**<u>Texas Taxing Authorities Matters</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. To the extent any 2025 *ad valorem* taxes owed to the Texas Taxing Authorities<sup>2</sup> are not assumed by the Purchaser under the Stalking Horse APA approved by order of this Court, the allowed secured claims of the Texas Taxing Authorities (the "<u>Tax Claims</u>") shall be paid in full with applicable interest, as Class 2 (Other Secured Claims). The liens securing the Tax Claims shall remain attached to the property or the sale proceeds until paid in full.

**<u>Ghita Boukemal</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. Notwithstanding anything to the contrary in the Combined Disclosure Statement and Plan, the entirety of the proof of claim filed by Ghita Boukamel [Claim No. 15] (the "<u>Boukamel Claim</u>") shall be treated as an Allowed General Unsecured Claim. For the avoidance of doubt, the Boukamel Claim is not entitled to any Allowed Administrative Claim or Priority Claim. The objection filed at D.I. 161 is deemed withdrawn with the consent of Ms. Boukamel.

**<u>Termination of Professionals</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. On the Effective Date, the engagement of each Professional retained by the Debtors shall be terminated without further order of the Court or act of the parties unless otherwise agreed to by the Debtors and such Professional; *provided*, *however*, that (a) such Professional shall be entitled to prosecute their respective Professional Fee Claims and represent their respective constituents with respect to applications for payment of such Professionals Fee Claims, and (b) nothing herein or in the Combined Disclosure Statement and Plan shall prevent the Liquidation Trustee from retaining any such Professional on or after the Effective Date, which retention shall not require Court approval.

<sup>2</sup> The "<u>Texas Taxing Authorities</u>" are Lubbock Central Appraisal District, Pasadena Independent School District, Walker County Appraisal District, San Jacinto College District, Denton

**<u>Binding Effect on all Parties</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. Subject to the occurrence of the Effective Date, the Combined Disclosure Statement and Plan and this Confirmation Order shall be binding and inure to the benefit of the Debtors, the Liquidation Trustee, the Released Parties, all present and former holders of Claims and Interests, and their respective successors and assigns. Except as expressly provided in the Combined Disclosure Statement and Plan, all agreements, instruments and other documents filed in connection with the Combined Disclosure Statement and Plan shall be given full force and effect, and shall bind all parties referred to therein as of the Effective Date, whether or not such agreements are actually issued, delivered, or recorded on the Effective Date or thereafter and whether or not a party has actually executed such agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. Effective as of and subject to the occurrence of the Effective Date and subject to the terms of the Combined Disclosure Statement and Plan and this Confirmation Order, all prior orders entered in the Chapter 11 Cases, all documents and agreements executed by the Debtors as authorized and directed thereunder and all motions or requests for relief by the Debtors pending before the Court as of the Effective Date that ultimately are granted shall be binding upon and shall inure to the benefit of the Debtors, the Liquidation Trustee, and their respective successors and assigns.

**<u>Modifications</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. Notwithstanding anything to the contrary in the Combined Disclosure Statement and Plan or this Confirmation Order, any cash distributions payable to the Prepetition Convertible Noteholders shall be paid to the Prepetition Convertible Notes Trustee to be distributed to the Prepetition Convertible Noteholders pursuant to the Prepetition Convertible Notes Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. Without the need for a further order or authorization of this Court, but subject to the express provisions of this Confirmation Order, the Debtors shall be authorized and empowered as may be necessary to make non-material modifications to the documents filed with the Court, including the various documents included in the Plan Supplement and the Combined Disclosure Statement and Plan, in each case, only in accordance with and subject to the terms of the Combined Disclosure Statement and Plan. For the avoidance of doubt, the evidentiary record for the Combined Hearing is closed, and the evidentiary record shall not be amended, modified or supplemented.

**<u>Notice of Entry of Confirmation Order and Effective Date</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. Pursuant to Bankruptcy Rules 2002 and 3020(c), the Debtors are hereby authorized to serve a notice of entry of this Confirmation Order and the occurrence of the Effective Date, substantially in the form attached hereto as **<u>Exhibit B</u>** (the "<u>Notice of Confirmation and Effective Date</u>") on the Effective Date, on all holders of Claims against or Interests in the Debtors and all other Persons on whom the Confirmation Notice was served. The form of the Notice of Confirmation and Effective Date is hereby approved in all respects. The Notice of Confirmation and Effective Date shall constitute good and sufficient notice of the entry of this Confirmation Order and of the relief granted herein, including, without limitation, any bar dates and deadlines established under the Combined Disclosure Statement and Plan and this Confirmation Order, and no other or further notice of the entry of this Confirmation Order, the occurrence of the Effective Date, or any such bar dates and deadlines need be given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. Except as otherwise may be provided in the Combined Disclosure Statement and Plan, notice of all subsequent pleadings in the Chapter 11 Cases after the Effective Date shall be limited to the following parties: (i) the Liquidation Trustee; (ii) the U.S. Trustee; (iii) any party known to be directly affected by the relief sought; and (iv) any party that requests notice after the Effective Date in accordance with Bankruptcy Rule 2002.

**<u>Retention of Jurisdiction</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. Under sections 105(a) and 1142 of the Bankruptcy Code, and notwithstanding entry of this Confirmation Order and the occurrence of the Effective Date, on and after the Effective Date, this Court shall retain jurisdiction over all matters arising out of, or related to, the Chapter 11 Cases, the Combined Disclosure Statement and Plan, and related documents, to the fullest extent permitted by applicable law, including, among other things, to take the actions specified in Section 15 of the Combined Disclosure Statement and Plan.

**<u>References to Combined Disclosure Statement and Plan Provisions</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. The failure to specifically include or to refer to any particular article, section, or provision of the Combined Disclosure Statement and Plan or any related document in this Confirmation Order shall not diminish or impair the effectiveness of such article, section, or provision, and such article, section, or provision shall have the same validity, binding effect, and enforceability as every other article, section, or provision of the Combined Disclosure Statement and Plan, it being the intent of this Court that the Combined Disclosure Statement and Plan (as and to the extent modified by this Confirmation Order) be confirmed in its entirety.

**<u>Rules Governing Conflicts Between Documents</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. In the event that any provision of the Combined Disclosure Statement and Plan is inconsistent with the provisions of the Plan Supplement and any other order in the Chapter 11 Cases, or any other agreement to be executed by any Person pursuant to the Combined Disclosure Statement and Plan, the provisions of the Combined Disclosure Statement and Plan shall control and take precedence; *provided*, *however*, that this Confirmation Order shall control and take precedence in the event of any inconsistency between this Confirmation Order, any provision of the Combined Disclosure Statement and Plan, and any of the foregoing documents; *provided further, however*, that to the extent there is any inconsistency between the Combined Disclosure Statement and Plan as it relates to the Liquidation Trust and the Liquidation Trust Agreement, the terms of the Combined Disclosure Statement and Plan shall control.

**<u>Extension of Injunctions and Stays</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. Unless otherwise provided in the Combined Disclosure Statement and Plan or in this Confirmation Order, all injunctions or stays provided for in the Chapter 11 Cases under sections 105 or 362 of the Bankruptcy Code or otherwise, and extant on the Confirmation Date (including any injunctions or stays contained in or arising from the Combined Disclosure Statement and Plan or this Confirmation Order), shall remain in full force and effect until the Effective Date.

**<u>Section 1146 Exemption</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. Pursuant to section 1146(a) of the Bankruptcy Code, the issuance, transfer or exchange of any security under the Combined Disclosure Statement and Plan or the making or delivery of any instrument of transfer pursuant to, in implementation of, or as contemplated by the Combined Disclosure Statement and Plan, or the re-vesting, transfer or sale of any real or personal property of the Debtors pursuant to, in implementation of, or as contemplated by the Combined Disclosure Statement and Plan, shall not be taxed under any state or local law imposing a stamp tax, transfer tax or any similar tax or fee.

**<u>Headings</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. Headings utilized herein are for convenience and reference only, and do not constitute a part of the Combined Disclosure Statement and Plan or this Confirmation Order for any other purpose.

**<u>No Stay of Confirmation Order</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. Notwithstanding Bankruptcy Rules 3020(e) and 6004(h) and any other Bankruptcy Rule to the contrary, to the extent applicable, there is no reason for delay in the implementation of this Confirmation Order and, thus, this Confirmation Order shall be effective and enforceable immediately upon entry.

**<u>Exhibit A</u>**

**Combined Disclosure Statement and Plan**

**IN THE UNITED STATES BANKRUPTCY COURT<br> FOR THE DISTRICT OF DELAWARE**

---

| | |
|:---|:---|
| &nbsp;&nbsp;In re: | &nbsp;&nbsp;Chapter 11 |
| &nbsp;&nbsp;ACCELERATE DIAGNOSTICS, INC., *et al.*,<sup>1</sup> | &nbsp;&nbsp; Case No. 25-10837 (KBO)<br>|
| &nbsp;&nbsp; Debtors. | &nbsp;&nbsp;(Jointly Administered) |

---

**SECOND AMENDED COMBINED DISCLOSURE STATEMENT**

**AND CHAPTER 11 PLAN OF LIQUIDATION OF**

**<u>ACCELERATE DIAGNOSTICS, INC. AND ACCELERATE DIAGNOSTICS TEXAS, LLC</u>**

---

| | |
|:---|:---|
| **FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP**<br> Rachel C. Strickland (admitted *pro hac vice*)<br> Andrew S. Mordkoff (admitted *pro hac vice*)<br> Erin C. Ryan (admitted *pro hac vice*)<br> Cameron J. Cavalier (admitted *pro hac vice*)<br> One New York Plaza<br> New York, New York 10004<br> Telephone: (212) 859-8000<br> Facsimile: (212) 859-4000<br> rachel.strickland@friedfrank.com<br> andrew.mordkoff@friedfrank.com<br> erin.ryan@friedfrank.com<br> cameron.cavalier@friedfrank.com<br>| **MORRIS, NICHOLS, ARSHT & TUNNELL LLP**<br> Andrew R. Remming (No. 5120)<br> Tamara K. Mann (No. 5643)<br> Casey B. Sawyer (No. 7260)<br> 1201 North Market Street<br> Wilmington, Delaware 19801<br> Telephone: (302) 658-9200<br> Facsimile: (302) 658-3989<br> aremming@morrisnichols.com<br> tmann@morrisnichols.com<br> csawyer@morrisnichols.com<br>|

---

*Co-Counsel for Debtors and Debtors in Possession*

<sup>1</sup> The Debtors in these chapter 11 cases, along with the last four digits of their federal tax identification numbers are Accelerate Diagnostics, Inc. (2256) and Accelerate Diagnostics Texas LLC (9947). The Debtors' service address for purposes of these chapter 11 cases is: 3950 South Country Club Road, Suite 470, Tucson, AZ 85714.

**<u>**TABLE OF CONTENTS**</u>**

---

| | |
|:---|:---|
| Article I DEFINED TERMS AND RULES OF INTERPRETATION | 1 |
| Article II CLASSIFICATION OF CLAIMS AND INTERESTS AND ESTIMATED RECOVERIES | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 Classification | 15 |
| Article III BACKGROUND AND DISCLOSURES | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 General Background | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 Events Leading to Chapter 11 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 The Chapter 11 Cases | 24 |
| Article IV CONFIRMATION AND VOTING PROCEDURES | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 Confirmation Procedures | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 Procedures for Objections | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 Requirements for Confirmation | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 Classification of Claims and Interests | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 Unimpaired Claims and Impaired Claims or Interests | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 Confirmation Without Necessary Acceptances; Cramdown | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 Feasibility | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 Best Interests Test and Liquidation Analysis | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 Acceptance of the Combined Disclosure Statement and Plan | 33 |
| Article V CERTAIN RISK FACTORS TO BE CONSIDERED PRIOR TO VOTING | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 The Combined Disclosure Statement and Plan May Not Be Accepted | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 The Combined Disclosure Statement and Plan May Not Be Confirmed | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 Distributions to Holders of Allowed Claims Under the Combined Disclosure Statement and Plan May Be Inconsistent with Projections | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 Objections to Classification of Claims | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 Failure to Consummate the Combined Disclosure Statement and Plan | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 Plan Releases May Not Be Approved | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 Reductions to Estimated Creditor Recoveries | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 Sale Fails to Close | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9 Certain Tax Considerations | 36 |
| Article VI TREATMENT OF UNCLASSIFIED CLAIMS | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 Administrative Claims | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 DIP Loan Claims | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 Tax Claims | 39 |
| Article VII TREATMENT OF CLASSIFIED CLAIMS AND INTERESTS | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 Class 1: Priority Non-Tax Claims | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 Class 2: Other Secured Claims | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 Class 3: Prepetition Super Priority Notes Claims | 40 |

---

-i-

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 Class 4: Prepetition Convertible Notes Claims | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 Class 5: General Unsecured Claims | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6 Class 6: Existing Securities Law Claims | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7 Class 7: Interests | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8 Class 8A and Class 8B: Intercompany Claims and Intercompany Interests | 41 |
| Article VIII ACCEPTANCE OR REJECTION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 Class Entitled to Vote | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 Acceptance by Impaired Classes of Claims or Interests | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 Deemed Acceptance by Unimpaired Classes | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 Presumed Rejections by Impaired Classes | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 Confirmation Pursuant to Section 1129(b) of the Bankruptcy Code | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 Controversy Concerning Impairment | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 Elimination of Vacant Classes | 43 |
| Article IX IMPLEMENTATION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN AND THE LIQUIDATING TRUST | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 Implementation of the Combined Disclosure Statement and Plan | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 No Substantive Consolidation | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 Combined Disclosure Statement and Plan Funding | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 Debtors' Directors and Officers | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 D&O Policy | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 Indemnification of Directors, Officers and Employees | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 Wind-Up and Dissolution of the Debtors | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 Creation and Governance of the Liquidation Trust | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9 Purpose of the Liquidation Trust | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10 Liquidation Trustee and Liquidation Trust Agreement | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.11 Compensation and Duties of Liquidation Trustee | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.12 Certain United States Federal Income Tax Considerations | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.13 Abandonment, Disposal, and Destruction of Records | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.14 Distributions by Liquidation Trustee | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.15 Cash Investments | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.16 Dissolution of the Liquidation Trust | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.17 Control Provisions | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.18 Limitation of Liability; Indemnification | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.19 Corporate Action | 54 |
| Article X PROVISIONS GOVERNING DISTRIBUTIONS | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 Distributions for Allowed Claims | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 Interest on Claims | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 Distributions by Liquidation Trustee as Disbursement Agent | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 Means of Cash Payment | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5 Fractional Distributions | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6 De Minimis Distributions | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7 Delivery of Distributions; Unclaimed Distributions | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.8 Application of Distribution Record Date | 56 |

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-ii-

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.9 Withholding, Payment and Reporting Requirements With Respect to Distributions | 56.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.10 Setoffs | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.11 No Distribution in Excess of Allowed Amounts | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.12 Allocation of Distributions | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.13 Forfeiture of Distributions | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.14 Securities Registration Exemption | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.15. Allocation of Distributions Between Principal and Interest. | 57.0 |
| Article XI PROVISIONS FOR CLAIMS OBJECTIONS AND ESTIMATION OF CLAIMS | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 Claims Administration Responsibility | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 Claims Objections | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 Estimation of Contingent or Unliquidated Claims | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 Distributions on Account of Disputed Claims | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 Amendments to Claims | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 Claims Paid and Payable by Third Parties | 59.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 Adjustment to Claims Without Objection | 59.0 |
| Article XII EXECUTORY CONTRACTS | 59.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 Rejection of Executory Contracts | 59.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 Claims Based on Rejection of Executory Contracts | 59.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 Cure of Defaults for Assumed Executory Contracts | 59.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 Modifications, Amendments, Supplements, Restatements, or Other Agreements | 60.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 Reservation of Rights | 60.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 Insurance Neutrality | 60.0 |
| Article XIII CONFIRMATION AND CONSUMMATION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN | 61.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1 Conditions Precedent to the Effective Date | 61.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2 Notice of Effective Date | 62.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3 Waiver of Conditions Precedent to the Effective Date | 62.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4 Effect of Non-Occurrence of Effective Date | 62.0 |
| Article XIV EFFECTS OF CONFIRMATION | 63.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1 Exculpation, Releases, and Injunctions | 63.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2 Term of Bankruptcy Injunction or Stays | 66.0 |
| Article XV RETENTION OF JURISDICTION | 66.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1 Exclusive Jurisdiction of Bankruptcy Court | 66.0 |
| Article XVI MISCELLANEOUS PROVISIONS | 68.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.1 Modification of the Combined Disclosure Statement and Plan | 68.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2 Revocation, Withdrawal, or Non-Confirmation of the Combined Disclosure Statement and Plan | 68.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3 Binding Effect | 69.0 |

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-iii-

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.4 Subordination Rights | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.5 SEC Matters | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.6 Severability of Combined Disclosure Statement and Plan Provisions | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.7 Payment of Statutory Fees; Filing of Quarterly Reports | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.8 Dissolution of the Committee | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.9 Exemption from Section 1146 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.10 Filing of Additional Documents | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.11 Insurance | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.12 Successors and Assigns | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.13 Governing Law | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.14 Exhibits and Schedules | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.15 Computation of Time | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.16 Cancellation of Stock, Certificates, Instruments and Agreements | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.17 Reservation of Rights | 71 |

---

EXHIBIT A: Liquidation Analysis

-iv-

**<u>DISCLAIMER</u>**

THIS COMBINED DISCLOSURE STATEMENT AND PLAN WAS COMPILED FROM INFORMATION OBTAINED FROM NUMEROUS SOURCES BELIEVED TO BE ACCURATE TO THE BEST OF THE DEBTORS' KNOWLEDGE, INFORMATION, AND BELIEF. NO GOVERNMENTAL AUTHORITY HAS PASSED ON, CONFIRMED OR DETERMINED THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN.

NOTHING STATED HEREIN SHALL BE (I) DEEMED OR CONSTRUED AS AN ADMISSION OF ANY FACT OR LIABILITY BY ANY PARTY, (II) ADMISSIBLE IN ANY PROCEEDING INVOLVING THE DEBTORS OR ANY OTHER PARTY, OR (III) DEEMED CONCLUSIVE EVIDENCE OF THE TAX OR OTHER LEGAL EFFECTS OF THE COMBINED DISCLOSURE STATEMENT AND PLAN ON THE DEBTORS OR HOLDERS OF CLAIMS OR INTERESTS. CERTAIN STATEMENTS CONTAINED HEREIN, BY NATURE, ARE FORWARD-LOOKING AND CONTAIN ESTIMATES AND ASSUMPTIONS. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL REFLECT ACTUAL OUTCOMES.

THE STATEMENTS CONTAINED HEREIN ARE MADE AS OF THE DATE HEREOF, UNLESS ANOTHER TIME IS SPECIFIED. THE DELIVERY OF THIS COMBINED DISCLOSURE STATEMENT AND PLAN SHALL NOT BE DEEMED OR CONSTRUED TO CREATE ANY IMPLICATION THAT THE INFORMATION CONTAINED HEREIN IS CORRECT AT ANY TIME AFTER THE DATE HEREOF. HOLDERS OF CLAIMS OR INTERESTS SHOULD NOT CONSTRUE THE CONTENTS OF THIS COMBINED DISCLOSURE STATEMENT AND PLAN AS PROVIDING ANY LEGAL, BUSINESS, FINANCIAL OR TAX ADVICE. THEREFORE, EACH SUCH HOLDER SHOULD CONSULT WITH ITS OWN LEGAL, BUSINESS, FINANCIAL, AND TAX ADVISORS AS TO ANY SUCH MATTERS CONCERNING THIS COMBINED DISCLOSURE STATEMENT AND PLAN AND THE TRANSACTIONS CONTEMPLATED HEREBY.

NO PARTY IS AUTHORIZED TO GIVE ANY INFORMATION WITH RESPECT TO THIS COMBINED DISCLOSURE STATEMENT AND PLAN OTHER THAN INFORMATION THAT IS CONTAINED IN THIS COMBINED DISCLOSURE STATEMENT AND PLAN. NO REPRESENTATIONS CONCERNING THE DEBTORS OR THE VALUE OF THEIR PROPERTY HAVE BEEN AUTHORIZED BY THE DEBTORS OTHER THAN AS SET FORTH IN THIS COMBINED DISCLOSURE STATEMENT AND PLAN. ANY INFORMATION, REPRESENTATIONS OR INDUCEMENTS MADE TO OBTAIN AN ACCEPTANCE OF THIS COMBINED DISCLOSURE STATEMENT AND PLAN OTHER THAN, OR INCONSISTENT WITH, THE INFORMATION CONTAINED HEREIN SHOULD NOT BE RELIED UPON BY ANY HOLDER OF A CLAIM OR INTEREST. THE COMBINED DISCLOSURE STATEMENT AND PLAN HAS BEEN PREPARED IN ACCORDANCE WITH SECTION 1125 OF THE BANKRUPTCY CODE AND BANKRUPTCY RULE 3016(b) AND NOT IN ACCORDANCE WITH FEDERAL OR STATE SECURITIES LAWS OR OTHER NON-APPLICABLE BANKRUPTCY LAWS.

SEE ARTICLE V HEREIN, ENTITLED "CERTAIN RISK FACTORS TO BE CONSIDERED PRIOR TO VOTING," FOR A DISCUSSION OF CERTAIN CONSIDERATIONS IN CONNECTION WITH A DECISION BY A HOLDER OF AN IMPAIRED CLAIM TO ACCEPT THE COMBINED DISCLOSURE STATEMENT AND PLAN.

THE DEBTORS RESERVE THE RIGHT TO FILE AN AMENDED COMBINED DISCLOSURE STATEMENT AND PLAN FROM TIME TO TIME SUBJECT TO THE TERMS HEREIN.

**<u>INTRODUCTION</u><sup>2</sup>**

The Debtors hereby propose the following Combined Disclosure Statement and Plan for the liquidation of the Debtors' remaining Assets and distribution of the proceeds of the Sale and the remaining Assets to the Holders of Allowed Claims against the Debtors as set forth herein. Each Debtor is a proponent of the Combined Disclosure Statement and Plan within the meaning of section 1129 of the Bankruptcy Code.

This Combined Disclosure Statement and Plan contains, among other things, a discussion of the Debtors' history, businesses, properties, operations, the Chapter 11 Cases, risk factors, summary and analysis of the Combined Disclosure Statement and Plan, and certain other related matters.

**ALL HOLDERS OF CLAIMS AGAINST THE DEBTORS ARE ENCOURAGED TO READ THE COMBINED DISCLOSURE STATEMENT AND PLAN IN ITS ENTIRETY AND TO CONSULT WITH AN ATTORNEY BEFORE VOTING TO ACCEPT OR REJECT THE COMBINED DISCLOSURE STATEMENT AND PLAN. SUBJECT TO CERTAIN RESTRICTIONS AND REQUIREMENTS SET FORTH IN SECTION 1127 OF THE BANKRUPTCY CODE, BANKRUPTCY RULE 3019, AND IN THE COMBINED DISCLOSURE STATEMENT AND PLAN, THE DEBTORS RESERVE THE RIGHT TO ALTER, AMEND, MODIFY, REVOKE OR WITHDRAW THE COMBINED DISCLOSURE STATEMENT AND PLAN, OR ANY PART THEREOF, AT ANY TIME, INCLUDING PRIOR TO ITS SUBSTANTIAL CONSUMMATION.**

**<u>THE DEBTORS BELIEVE THE COMBINED DISCLOSURE STATEMENT AND PLAN IS IN THE BEST INTERESTS OF CREDITORS AND THEREFORE RECOMMEND THAT ALL HOLDERS OF CLAIMS RECEIVING A BALLOT VOTE IN FAVOR OF THE COMBINED DISCLOSURE STATEMENT AND PLAN.</u>**

**Article I<u><br> DEFINED TERMS AND RULES OF INTERPRETATION</u>**

**Defined Terms**

**1.1 "503(b)(9) Claims"** shall mean Claims arising under section 503(b)(9) of the Bankruptcy Code.

**1.2 "Administrative Claim"** shall mean a Claim for costs and expenses of administration of the Chapter 11 Cases allowed under sections 503(b), 507(a)(2), 507(b) or, if applicable, 1114(e)(2) of the Bankruptcy Code, including but not limited to: (a) any actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (including, but not limited to, wages, salaries, commissions for services and payments for inventories, leased equipment and premises) and Claims by Governmental Units for taxes (including Claims related to taxes which accrued after the Petition Date, but excluding Claims related to taxes which accrued on or before the Petition Date); (b) Professional Fee Claims; (c) U.S. Trustee Fees; (d) 503(b)(9) Claims; (e) Prepetition Super Priority Notes Adequate Protection Claims; and (f) any Claims that have been designated "Administrative Claims" by Final Order of the Bankruptcy Court (including the Final DIP Order).

**1.3 "Administrative Claim Bar Date"** shall mean the date that is thirty (30) days after the date the Effective Date Notice is Filed and served, which date shall be the deadline for filing requests for payment of Administrative Claims (other than as set forth in Section 6.1(a) hereof).

<sup>2</sup> Capitalized terms not defined in this Introduction shall have the meanings ascribed below.

**1.4 "Affiliate"** shall mean "affiliate" as defined in section 101(2) of the Bankruptcy Code.

**1.5 "Allowed"** shall mean all or a portion of a Claim against the Debtors or an Interest in the Debtors (a) that has been listed by the Debtors in the Schedules as liquidated, non-contingent and undisputed, and is not superseded by a Proof of Claim, (b) as to which a proof of claim has been submitted and as to which no objection or request for estimation has been Filed on or before the Claims Objection Deadline or the expiration of such other applicable period fixed by the Bankruptcy Court, (c) as to which any objection has been settled, waived, withdrawn or denied by a Final Order, or (d) that is allowed (i) by a Final Order, (ii) pursuant to the terms of the Combined Disclosure Statement and Plan, or (iii) by a stipulation between the Holder of such Claim or Interest and the Liquidation Trustee on or after the Effective Date. For purposes of computing Distributions under the Combined Disclosure Statement and Plan, a Claim or Interest that has been deemed "Allowed" shall not (other than with respect to DIP Loan Claims and Prepetition Super Priority Notes Claims) include interest, costs, fees or charges on such Claim or Interest from and after the Petition Date; provided that any (a) Claim paid in full by a purchaser pursuant to a Bankruptcy Court-approved purchase agreement or order approving a sale of certain of the Debtors' assets during the course of these Chapter 11 Cases or (b) Claim listed in the Schedules that has been paid in full by the Debtors (i) after the Petition Date pursuant to an order of the Bankruptcy Court, or (ii) before the Petition Date and was inadvertently listed in the Schedules, shall not be considered an Allowed Claim; provided that, if such Claim is inadvertently listed in the Schedules, the Debtors shall amend the Schedules to correct the Claim and notify the applicable holder of such Claim of the amendment, and the applicable holder of such Claim will have until an amended schedules bar date to file a Claim.

**1.6** "**Alternative Sale Transaction**" shall mean a Sale transaction pursuant to the Successful Alternate Bidder Agreement on account of a Cash bid, which is selected by the Debtors as the highest or otherwise best bid consistent with the Bidding Procedures Order and as approved by the Bankruptcy Court pursuant to a Sale Order.

**1.7 "Assets"** shall mean any and all right, title, and interest of the Debtors and the Estates in and to property of whatever type or nature, including their books and records and any and all rights and benefits under any purchase agreement with respect to the Sale.

**1.8 "Assumption Schedule"** shall mean the schedule of Executory Contracts to be assumed and assigned by the Debtors pursuant to the Combined Disclosure Statement and Plan, sections 365 and 1123 of the Bankruptcy Code and Article VII hereof, which will be included in the Combined Disclosure Statement and Plan Supplement, as may be amended, modified, or supplemented from time to time in accordance with the Confirmation Order.

**1.9 "Avoidance Actions"** shall mean any and all avoidance or equitable subordination or recovery actions under the Bankruptcy Code, including sections 105(a), 502(d), 510, 542 through 551, and 553, or any similar federal, state, or common law causes of action; provided, however, that any avoidance or equitable subordination or recovery actions sold or otherwise transferred in connection with the Sale shall not constitute Avoidance Actions for the purposes hereof.

**1.10 "Ballot"** shall mean the ballot form distributed to each Holder of a Claim entitled to vote to accept or reject this Combined Disclosure Statement and Plan.

**1.11 "Bankruptcy Code"** shall mean title 11 of the United States Code, 11 U.S.C. §§ 101–1532, and as such title has been, or may be, amended from time to time, to the extent that any such amendment is applicable to the Chapter 11 Cases.

**1.12 "Bankruptcy Court"** shall mean the United States Bankruptcy Court for the District of Delaware.

**1.13 "Bankruptcy Rules"** shall mean the Federal Rules of Bankruptcy Procedure, the Official Bankruptcy Forms, or the Local Rules, and as each has been, or may be, amended from time to time, to the extent that any such amendment is applicable to the Chapter 11 Cases.

**1.14 "Bar Date"** shall mean, with respect to any particular Claim, the specific date set by the Bankruptcy Court (pursuant to the Bar Date Order, this Combined Disclosure Statement and Plan, the Confirmation Order or otherwise) as the last day by which Persons asserting a Claim against any Debtor must have filed a Proof of Claim or application for allowance of such Claim (as applicable) with the Bankruptcy Court against any such Debtor or be forever barred from asserting such Claim.

**1.15 "Bar Date Order"** shall mean that certain *Order (A) Establishing Bar Dates and Related Procedures for Filing Proofs of Claim (Including for Claims Arising Under Section 503(b)(9) of the Bankruptcy Code) and (B) Approving the Form and Manner of Notice Thereof* [D.I. 134], dated June 4, 2025.

**1.16 "Bidding Procedures Order"** shall mean that certain *Order (I)(A) Approving Bidding Procedures for the Sale of Substantially All or Substantially All of the Debtors' Assets, (B) Authorizing the Debtors' Entry Into the Stalking Horse APA and to Provide the Stalking Horse Bid Protections Thereunder, (C) Scheduling an Auction and Approving the Form and Manner of Notice Thereof, (D) Approving Assumption and Assignment Procedures, and (E) Granting Related Relief; and (II)(A) Approving the Sale of the Debtors' Assets Free and Clear of Liens, Claims, Interests, and Encumbrances, (B) Approving the Assumption and Assignment of Executory Contracts and Unexpired Leases and (C) Granting Related Relief* [D.I. 143], dated June 5, 2025.

**1.17 "Business Day"** shall mean any day, other than a Saturday, Sunday or a legal holiday (as that term is defined in Bankruptcy Rule 9006(a)).

**1.18 "Cash"** shall mean money that is legal tender of the United States of America.

**1.19 "Causes of Action"** shall mean all Claims, actions, causes of action, choses in action, suits, debts, dues, damages, defenses, judgments, third-party claims, counterclaims, and cross claims that are or may be pending or existing on the Effective Date against any Entity, based in law or equity, including, but not limited to, under the Bankruptcy Code, whether direct, indirect, known or unknown, derivative, or otherwise and whether asserted or unasserted as of the date of entry of the Confirmation Order, and including the unknown Causes of Action that have not been released by the Combined Disclosure Statement and Plan or any order of the Bankruptcy Court or sold in connection with the Sale.

**1.20 "Chapter 11 Cases"** shall mean the chapter 11 cases commenced by the Debtors and jointly administered under case number 25-10837 (KBO) in the Bankruptcy Court.

**1.21 "Claim"** shall mean a claim against any Debtor, as such term is defined in section 101(5) of the Bankruptcy Code.

**1.22 "Claims Agent"** shall mean the Debtors' court-approved claims, solicitation and noticing agent, Stretto, Inc.

**1.23 "Claims Objection Deadline"** shall mean the date that is one hundred eighty (180) days after the Effective Date, or such later date as may be ordered by the Bankruptcy Court; provided, however, that the Liquidation Trustee may seek extensions of this date from the Bankruptcy Court at any time.

**1.24 "Class"** shall mean each category or group of Holders of Claims or Interests that has been designated as a class in Article II of this Combined Disclosure Statement and Plan.

**1.25 "Combined Disclosure Statement and Plan"** shall mean this combined disclosure statement and joint chapter 11 plan of liquidation, contained herein, including the exhibits hereto, as it may be altered, amended, modified or supplemented from time to time including in accordance with any documents submitted in support hereof and the Bankruptcy Code or the Bankruptcy Rules, which shall be in a form acceptable to the Debtors, the DIP Agent and the Initial DIP Lender.

**1.26 "Committee"** shall mean the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases, if any.

**1.27 "Confirmation"** shall mean entry of the Confirmation Order by the Bankruptcy Court on the docket of the Chapter 11 Cases.

**1.28 "Confirmation Date"** shall mean the date upon which the Bankruptcy Court enters the Confirmation Order on the docket of the Chapter 11 Cases, within the meaning of Bankruptcy Rules 5003 and 9021.

**1.29 "Confirmation Hearing"** shall mean the combined hearing held by the Bankruptcy Court to consider confirmation of the Combined Disclosure Statement and Plan and final approval of the adequacy of disclosures herein, as such hearing may be adjourned or continued from time to time.

**1.30 "Confirmation Notice"** shall mean the notice of the Confirmation Hearing to be delivered pursuant to Bankruptcy Rules 2002(c)(3) and 2002(f).

**1.31 "Confirmation Order"** shall mean the order of the Bankruptcy Court confirming the Combined Disclosure Statement and Plan pursuant to section 1129 of the Bankruptcy Code and approving the disclosures herein on a final basis, which shall be in a form and substance acceptable to the Debtors, the Initial DIP Lender, and the DIP Agent.

**1.32 "Consummation"** shall mean the occurrence of the Effective Date.

**1.33 "Contingent"** shall mean, with reference to a Claim, a Claim that has not accrued or is not otherwise payable and the accrual of which, or the obligation to make payment on which, is dependent upon a future event that may or may not occur.

**1.34** "**Convertible Roll Up Lender"** shall have the meaning ascribed to it in the Final DIP Order.

**1.35** "**Convertible Notes Roll Up Loans"** shall have the meaning ascribed to it in the Final DIP Order.

**1.36 "Convertible Notes Roll Up Loans Claims"** shall mean any Convertible Roll-Up DIP Obligations (as defined in the Final DIP Order) or other Claims of a Convertible Roll Up Lender on account of the Convertible Notes Roll UP Loans arising under or related to the DIP Loan Agreement, the Final DIP Order, or any other DIP Loan Document.

**1.37 "Credit Bid Amount"** means, as set forth in the Stalking Horse Agreement, a credit bid equal to $41,952,668; provided, that the terms of the Stalking Horse Agreement, including the structure and amount of the Credit Bid Amount, are subject to modification in accordance with the Bidding Procedures Order and the Stalking Horse Agreement.

**1.38 "Credit Bid Transaction"** shall mean a Sale transaction pursuant to the Stalking Horse Agreement on account of a credit bid equal to the Credit Bid Amount, which credit bid, pending conclusion of the Sale and marketing process, is selected by the Debtors as the highest or otherwise better bid consistent with the Bidding Procedures Order and as approved by the Bankruptcy Court pursuant to a Sale Order.

**1.39 "Creditor"** shall have the meaning ascribed to such term in section 101(10) of the Bankruptcy Code.

**1.40 "Cure Obligation"** shall mean all (a) amounts required to cure any monetary defaults, and (b) other obligations required to cure any non-monetary defaults, in each case under any Executory Contract that is to be assumed or assumed and assigned by the Debtors pursuant to Article VII hereof and sections 365 and 1123 of the Bankruptcy Code.

**1.41 "D&O Policy"** shall mean any insurance policy for, among others, directors, members, trustees, and officers liability (or any equivalents) maintained by the Debtors' Estates, and all agreements, documents or instruments relating thereto, including any runoff policies or tail coverage.

**1.42 "Debtors"** shall mean, collectively, Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas LLC.

**1.43 "DIP Agent"** shall mean Wilmington Savings Fund Society, FSB, as administrative agent for the DIP Lenders under the DIP Loan Agreement and the Final DIP Order.

**1.44 "DIP Facility"** shall mean that certain debtor-in-possession financing facility documented pursuant to the DIP Loan Documents and the Final DIP Order.

**1.45 "DIP Lenders"** shall mean the lenders from time to time party to the DIP Loan Agreement.

**1.46 "DIP Loan Agreement"** shall have the meaning ascribed to it in the Final DIP Order.

**1.47 "DIP Loan Claims"** shall mean any DIP Obligations (as defined in the Final DIP Order) or other Claims of the DIP Secured Parties arising under or related to the DIP Loan Agreement, the Final DIP Order, or any other DIP Loan Document in accordance with and subject to the terms of the Final DIP Order.

**1.48 "DIP Loan Documents"** shall have the meaning ascribed to it in the Final DIP Order.

**1.49 "DIP Secured Parties"** shall mean the DIP Lenders and the DIP Agent.

**1.50 "Disallowed"** shall mean, with respect to any Claim or Interest or portion thereof, any Claim against or Interest in a Debtor which: (i) has been disallowed, in whole or part, by a Final Order; (ii) has been withdrawn, in whole or in part, by the Holder thereof; (iii) is listed in the Schedules as zero or as Disputed, Contingent or Unliquidated and in respect of which a Proof of Claim, as applicable, has not been Filed or deemed Filed pursuant to the Combined Disclosure Statement and Plan, the Bankruptcy Code or any Final Order or other applicable law; (iv) has been reclassified, expunged, subordinated or estimated to the extent that such reclassification, expungement, subordination or estimation results in a reduction in the Filed amount of any Proof of Claim; (v) is evidenced by a Proof of Claim which has been Filed, or which has been deemed to be Filed under applicable law or order of the Bankruptcy Court or which is required to be Filed by order of the Bankruptcy Court but as to which such Proof of Claim was not timely or properly Filed; (vi) is unenforceable to the extent provided in section 502(b) of the Bankruptcy Code; or (vii) where the Holder of a Claim is an Entity from which property is recoverable under sections 542, 543, 550, or 553 of the Bankruptcy Code or that is a transferee of a transfer avoidable under sections 522(f), 522(h), 544, 545, 547, 548, 549, or 724(a) of the Bankruptcy Code, unless such Entity or transferee has paid the amount, or turned over any such Property, for which such Entity or transferee is liable under sections 522(i), 542, 543, 550, or 553 of the Bankruptcy Code, and if required by the Bankruptcy Code, an Objection or adversary proceeding has been Filed. In each case a Disallowed Claim or a Disallowed Interest is disallowed only to the extent of disallowance, withdrawal, reclassification, expungement, subordination, or estimation.

**1.51 "Disbursing Agent"** shall mean the entity selected to make Distributions at the direction of the Liquidation Trustee, which may include the Liquidation Trustee, the Claims Agent, the Debtors or the Wind-Down Estates.

**1.52 "Disputed"** shall mean any Claim (i) which has not yet been Allowed or Disallowed in accordance with the terms of the Combined Disclosure Statement and Plan, or (ii) held by a Person or Entity against whom or which any of the Debtors or the Liquidation Trustee has commenced a proceeding, including an objection to such Claim.

**1.53 "Disputed Claim Reserve"** shall mean the reserve established and maintained by the Liquidation Trustee for payment of Disputed Claims, which reserve shall be established in an amount equal to the face value of such Claims, or such other amount as may be ordered by the Bankruptcy Court.

**1.54 "Distribution"** shall mean a delivery of consideration by the Disbursing Agent to the Holders of Allowed Claims pursuant to the Combined Disclosure Statement and Plan.

**1.55 "Distribution Date"** shall mean the Effective Date.

**1.56 "Effective Date"** shall mean the date on which (a) all conditions in Article XIII of the Combined Disclosure Statement and Plan have been satisfied or waived in accordance with that Article and (b) no stay of the Confirmation Order is in effect.

**1.57 "Effective Date Notice"** shall mean the notice of the Effective Date, which shall be Filed with the Bankruptcy Court within two Business Days after its occurrence.

**1.58 "Entity"** shall have the meaning ascribed to such term in section 101(15) of the Bankruptcy Code.

**1.60** "**Excess Sale Proceeds"** shall mean the portion of the Cash proceeds of the Sale in excess of the aggregate amount of (i) the DIP Loan Claims and (ii) the Prepetition Super Priority Notes Claims.

**1.61** "**Excluded Cash**" has the meaning set forth in the Stalking Horse Agreement.

**1.62 "Exculpated Parties"** shall mean, each solely in their capacities as such, (a) the Debtors and their Estates; (b) to the extent they are or are acting as Estate fiduciaries at any time between the Petition Date and the Effective Date, the directors, officers, agents, members of management and other employees of the Debtors as of the Petition Date, respectively; (c) the Professionals retained by the Debtors pursuant to a Final Order of the Bankruptcy Court; (d) the Committee; (e) the present and former members of the Committee; (f) the Professionals retained by the Committee pursuant to a Final Order of the Bankruptcy Court; and (g) to the extent they are or are acting as Estate fiduciaries at any time between the Petition Date and the Effective Date, the successors and assigns, subsidiaries, affiliates, members, partners, officers, directors, agents, attorneys, advisors, accountants, financial advisors, investment bankers, consultants, and other professionals, to the extent such parties are or were acting in such capacity of or for any of the Persons identified in (a) through (f) above on or after the Petition Date.

**1.63 "Executory Contract"** shall mean an executory contract or unexpired lease to which a Debtor is a party that is subject to assumption or rejection under sections 365 and 1123 of the Bankruptcy Code.

**1.64 "Existing Securities Law Claims"** means any Claim, whether or not the subject of an existing lawsuit: (a) arising from rescission of a purchase or sale of any debt or equity securities of any Debtor or an affiliate of any Debtor; (b) for damages arising from the purchase or sale of any such security; (c) for violations of the securities laws, misrepresentations, or any similar Claims, including, to the extent related to the foregoing or otherwise subject to subordination under section 510(b) of the Bankruptcy Code, any attorneys' fees, other charges, or costs incurred on account of the foregoing Claims; or (d) reimbursement, contribution, or indemnification on account of any such Claim.

**1.65 "File," "Filed,"** or **"Filing"** shall mean, respectively, file, filed, or filing with the Bankruptcy Court or its authorized designee in the Chapter 11 Cases.

**1.66 "Final DIP Order"** shall mean the *Final Order (I) Authorizing the Debtors to Obtain Postpetition Senior Secured Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III) Granting Liens and Providing Superpriority Administrative Expense Status, (IV) Granting Adequate Protection, (V) Modifying the Automatic Stay, (VI) Scheduling a Final Hearing, and (VII) Granting Related Relief* [D.I. 149], dated June 5, 2025.

**1.67 "Final Order"** shall mean an order or judgment of the Bankruptcy Court, or other court of competent jurisdiction, that is not subject to stay or appeal, and for which the applicable time within which to take such action has expired, or which has been adjudicated by the highest court with jurisdiction over the matter.

**1.68 "First Day Declaration"** shall mean the *Declaration of Jack Phillips in Support of Chapter 11 Petitions and First Day Pleadings* [D.I. 15], dated May 8, 2025.

**1.69 "General Bar Date**" shall mean 5:00 p.m. (prevailing Eastern Time) on July 9, 2025 as established by the Bar Date Order.

**1.70 "General Unsecured Claim"** shall mean all unsecured, non-priority Claims against a Debtor, other than Intercompany Claims. For the avoidance of doubt, an unsecured, non-priority Claim held by a Governmental Unit against a Debtor shall be a General Unsecured Claim.

**1.71 "Governmental Unit"** shall have the meaning ascribed to such term in section 101(27) of the Bankruptcy Code.

**1.72 "Holder"** shall mean any Entity holding a Claim or Interest.

**1.73 "Impaired"** shall mean, when used in reference to a Claim or Interest, a Claim or Interest that is impaired within the meaning of section 1124 of the Bankruptcy Code.

**1.74 "Impaired Class"** shall mean a Class of Claims or Interests that is Impaired.

**1.75 "Insurance Contract"** shall mean all insurance policies that have been issued at any time to or provide coverage to any of the Debtors and all agreements, documents or instruments relating thereto.

**1.76 "Initial DIP Lender"** shall have the meaning ascribed to it in the DIP Loan Agreement.

**1.77 "Intercompany Claim"** shall mean a Claim held by a Debtor against another Debtor or a non-Debtor direct or indirect subsidiary or an affiliate.

**1.78 "Intercompany Interests"** shall mean an Interest held by a Debtor or a non-Debtor direct or indirect subsidiary or affiliate of a Debtor in another Debtor or a non-Debtor direct or indirect subsidiary or affiliate of a Debtor.

**1.79 "Interests"** shall mean the legal interests, equitable interests, contractual interests, equity interests or ownership interests, or other rights of any Entity in the Debtors including capital stock, stock certificates, common stock, preferred stock including Preferred Interests, partnership interests, limited liability company or membership interests, rights, treasury stock, options, warrants, contingent warrants, convertible or exchangeable securities, investment securities, subscriptions or other agreements and contractual rights to acquire or obtain such an interest or share in the Debtors, partnership interests in the Debtors' stock appreciation rights, conversion rights, repurchase rights, redemption rights, dividend rights, preemptive rights, subscription rights and liquidation preferences, puts, calls, awards or commitments of any character whatsoever relating to any such equity, common stock, preferred stock, ownership interests or other shares of capital stock of the Debtors or obligating the Debtors to issue, transfer or sell any shares of capital stock whether or not certificated, transferable, voting or denominated "stock" or a similar security.

**1.80 "IRC"** shall mean the Internal Revenue Code of 1986, as amended.

**1.81 "IRS"** shall mean the Internal Revenue Service.

**1.82 "Liquidation Trust"** shall mean the trust established under this Combined Disclosure Statement and Plan and the Liquidation Trust Agreement, among other things, to hold the Liquidation Trust Assets, make Distributions to Holders of Allowed Claims pursuant to this Combined Disclosure Statement and Plan and wind-down the Debtors' Estates after the Effective Date.

**1.83 "Liquidation Trust Agreement"** shall mean the trust agreement in the form and substance acceptable to the Debtors, the Initial DIP Lender and the DIP Agent that, together with the terms of the Combined Disclosure Statement and Plan, establishes the Liquidation Trust and governs the powers, duties, and responsibilities of the Liquidation Trustee. The Liquidation Trust Agreement shall be filed as part of the Combined Disclosure Statement and Plan Supplement.

**1.84 "Liquidation Trust Assets"** shall consist of the following: (i) all remaining assets of each of the Debtors that have not been sold or abandoned prior to the Effective Date, (ii) any Excess Sale Proceeds, and (iii) the remaining Excluded Cash, if any, to fund a wind-down of the Debtors' estates.

**1.85 "Liquidation Trust Beneficiary"** shall mean a recipient of a Distribution, whether individually or as agent on behalf of one or more other Entities.

**1.86 "Liquidation Trust Distribution Proceeds"** shall mean all Cash realizable from the Liquidation Trust Assets in accordance with the Liquidation Trust Agreement.

**1.87 "Liquidation Trust Expenses"** shall mean all reasonable legal and other fees and expenses incurred by the Liquidation Trustee on account of administration of the Liquidation Trust, including, without limitation, reasonable attorneys' fees and expenses, insurance costs, taxes, escrow expenses and all other costs of administering the Liquidation Trust in accordance with this Combined Disclosure Statement and Plan and the Liquidation Trust Agreement.

**1.88 "Liquidation Trustee"** shall mean the Entity designated by the Initial DIP Lender and DIP Agent, and reasonably acceptable to the Debtors, and retained as the trustee to the Liquidation Trust, as of the Effective Date or as soon as reasonably practicable thereafter, as the fiduciary responsible for administering the Liquidation Trust, and any successor subsequently appointed pursuant to the Liquidation Trust Agreement. The identity and compensation of the Liquidation Trustee shall be disclosed in the Combined Disclosure Statement and Plan Supplement.

**1.89 "Local Rules"** shall mean the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware.

**1.90 "New Money DIP Loans"** shall have the meaning ascribed to it in the Final DIP Order.

**1.91 "New Money DIP Loan Claims"** shall mean any DIP Obligations (as defined in the Final DIP Order) or other Claims owing to the DIP Secured Parties on account of the New Money DIP Loans arising under or related to the DIP Loan Agreement, the Final DIP Order, or any other DIP Loan Document.

**1.92 "Objection*"*** shall mean any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate or estimate any Claim (including the resolution of any request for payment of any Administrative Claim).

**1.93 "OCP Order"** shall mean that certain *Order Authorizing (I) the Debtors to Retain, Employ, and Compensate Certain Professionals Utilized by the Debtors in the Ordinary Course of Business Effective as of the Petition Date, and (II) Waiving Certain Information Requirements of Local Rule 2016-2, and (III) Granting Related Relief* [D.I. 147], dated June 5, 2025.

**1.94 "Other Secured Claim"** shall mean any Secured Claim other than a Prepetition Convertible Notes Claim, Prepetition Super Priority Notes Claim or a DIP Loan Claim.

**1.95 "Paid in Full," "Payment in Full,"** or **"Pay in Full"** shall mean, with respect to an Allowed Claim, payment in Cash or other consideration (with respect to any such other consideration to be paid on account of the Prepetition Super Priority Notes Claims, such consideration as is agreed to by the Initial DIP Lender in its sole discretion) in an aggregate amount equal to the Allowed amount thereof.

**1.96 "Petition Date"** shall mean May 8, 2025, the date on which the Debtors commenced the Chapter 11 Cases in the Bankruptcy Court.

**1.97 "Plan Supplement"** shall mean the ancillary documents necessary to the implementation and effectuation of the Combined Disclosure Statement and Plan to be filed no later than seven (7) calendar days prior to the Voting Deadline, containing draft forms, signed copies or summaries of material terms, as the case may be, of (i) the Liquidation Trust Agreement; (ii) the identity of the Liquidation Trustee; (iii) the Assumption Schedule; and (iv) any other document necessary or appropriate to implement the Combined Disclosure Statement and Plan, as each document may be amended from time to time in accordance with their terms; provided, that unless consent rights are otherwise expressly set forth in this Combined Disclosure Statement and Plan, each of the documents in the Combined Disclosure Statement and Plan Supplement (whether or not set forth above), including any alternation, restatement, modification or replacement thereto, shall be in form and substance reasonably acceptable to the Debtors, the DIP Agent and the Initial DIP Lender.

**1.98 "Prepetition Convertible Noteholders"** shall mean the Holders under the Prepetition Convertible Notes Indenture.

**1.99 "Prepetition Convertible Notes Adequate Protection Claims"** shall mean any Adequate Protection Superiority Claims (as defined and provided the Final DIP Order) or other Claims of the Prepetition Convertible Secured Parties arising under or related to the Prepetition Convertible Notes Indenture, the Final DIP Order, or any other Prepetition Convertible Notes Document.

**1.100 "Prepetition Convertible Notes Claims"** shall mean the secured Claims of the Prepetition Convertible Noteholders arising under and related to the Prepetition Convertible Notes Indenture in the Allowed amount of not less than $72,305,211.77 and which shall not include the Prepetition Convertible Notes Roll-up Loans Claims.

**1.101 "Prepetition Convertible Notes Collateral Agent"** shall mean U.S. Bank Trust Company, National Association, as Collateral Agent under the Prepetition Convertible Notes Indenture.

**1.102 "Prepetition Convertible Notes Documents"** shall mean the Prepetition Convertible Notes Indenture, together with all other related documents, guarantees, and agreements, including, without limitation, the intercreditor agreements, security agreements, mortgages, pledge agreements, assignments, financing statements, and other agreements, documents, instruments, or certificates executed in connection with the Prepetition Convertible Notes Indenture.

**1.103 "Prepetition Convertible Notes Indenture"** shall mean that certain Indenture, dated as of June 9, 2023 (as amended, restated, supplemented or otherwise modified from time to time), pursuant to which the 5.00% Senior Convertible Notes due 2026 were issued.

**1.104 "Prepetition Convertible Notes Trustee"** shall mean CSC Delaware Trust, as successor to U.S. Bank Trust Company, National Association, as Trustee under the Prepetition Convertible Notes Indenture.

**1.105 "Prepetition Convertible Notes Secured Parties"** shall mean the Prepetition Convertible Notes Trustee, the Prepetition Convertible Notes Collateral Agent and the Prepetition Convertible Noteholders.

**1.106 "Prepetition Super Priority Noteholders"** shall mean the Holders under the Prepetition Super Priority Notes Indenture.

**1.107 "Prepetition Super Priority Notes Adequate Protection Claims"** shall mean any Adequate Protection Superiority Claims (as defined and provided the Final DIP Order) or other Claims of the Prepetition Super Priority Secured Parties arising under or related to the Prepetition Super Priority Notes Indenture, the Final DIP Order, or any other Prepetition Super Priority Notes Document.

**1.108 "Prepetition Super Priority Notes Claims"** shall mean the secured Claims of the Prepetition Super Priority Noteholders arising under and related to the Prepetition Super Priority Notes Indenture in the Allowed amount of not less than $21,952,668 plus (x) accrued and unpaid interest up to and including the Effective Date in accordance with the DIP Orders plus (y) any fees, costs, expenses, including fees and expenses (including legal fees and expenses) of the Prepetition Super Priority Notes Trustee, and other amounts accrued under and in accordance with the Prepetition Super Priority Notes Documents, including, without limitation, the Exit Premium (as defined in the Prepetition Super Priority Notes Documents).

**1.109 "Prepetition Super Priority Notes Documents"** shall mean the Prepetition Super Priority Notes Indenture, together with all other related documents, guarantees, and agreements, including, without limitation, the intercreditor agreements, security agreements, mortgages, pledge agreements, assignments, financing statements, and other agreements, documents, instruments, or certificates executed in connection with the Prepetition Super Priority Notes Indenture.

**1.110 "Prepetition Super Priority Notes Indenture"** shall mean that certain Indenture, dated as of August 8, 2024 (as amended, restated, supplemented or otherwise modified from time to time), pursuant to which the 16% Super Priority Senior Secured PIK Notes Due 2025 were issued.

**1.111 "Prepetition Super Priority Notes Trustee"** shall mean U.S. Bank Trust Company, National Association, as Trustee and as Notes Collateral Agent under the Super Priority Notes Indenture.

**1.112 "Prepetition Super Priority Secured Parties"** shall mean the Prepetition Super Priority Notes Trustee and the Prepetition Super Priority Noteholders.

**1.113 "Priority Non-Tax Claim"** shall mean any and all Claims accorded priority in right of payment under sections 502(i) and 507(a) of the Bankruptcy Code, other than Priority Tax Claims and Administrative Claims.

**1.114 "Priority Tax Claim"** shall mean a Claim or a portion of a Claim for which priority is asserted under section 507(a)(8) of the Bankruptcy Code.

**1.115 "Pro Rata Share"** shall mean the proportion that an Allowed Claim in a particular Class bears to the aggregate amount of Allowed Claims within such Class.

**1.116 "Professional"** shall mean an Entity (other than Entities retained pursuant to the OCP Order) retained pursuant to a Final Order in accordance with sections 327, 328, 330, 363, and 1103 of the Bankruptcy Code and to be compensated for services rendered prior to the Confirmation Date, pursuant to sections 327, 328, 329, 330, and 331 of the Bankruptcy Code and orders of the Bankruptcy Court, or for which compensation and reimbursement has been allowed by the Bankruptcy Court pursuant to section 503(b)(4) of the Bankruptcy Code.

**1.117 "Professional Fee Claims"** shall mean all fees and expenses (including but not limited to, transaction fees and success fees) for services rendered by Professionals in connection with the Chapter 11 Cases from the Petition Date through and including the Effective Date.

**1.118 "Professional Fee Claims Bar Date"** shall mean the deadline for Filing all applications for Professional Fee Claims, which shall be forty-five (45) days after the Filing and service of the Effective Date Notice.

**1.119 "Professional Fee Reserve Account"** shall mean the reserve account held by Stretto, Inc. and funded by the Debtors in Cash on the Effective Date pursuant to Section 6.1(d) of the Combined Disclosure Statement and Plan, in an amount equal to the Professional Fee Reserve Amount. For the avoidance of doubt, the Professional Fee Reserve Account shall be the "Professional Fee Reserve" as defined in and provided for in the Final DIP Order.

**1.120 "Professional Fee Reserve Amount"** shall mean the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that the Professionals estimate they have incurred or will incur in rendering services to the Debtors or the Committee prior to the Effective Date, in each case in accordance with the Approved Budget, which estimates Professionals shall deliver to the Debtors and the Committee as set forth in Article VI of the Combined Disclosure Statement and Plan.

**1.121 "Proof of Claim"** shall mean a proof of Claim filed against any of the Debtors in the Chapter 11 Cases.

**1.122 "Related Parties"** shall mean, with respect to any Person or Entity, such Person's or Entity's respective current and former (i) officers, (ii) managers, (iii) directors, (iv) employees, (v) partners, (vi) affiliates and subsidiaries, (vii) professionals, (viii) advisors and advisory board members, (ix) agents, (x) members and shareholders, (xi) owners, (xii) affiliated investment funds or investment vehicles, (xiii) managed, advised or sub-advised accounts, (xiv) funds or other entities, (xv) investment advisors, sub-advisors or managers, and (xvi) other representatives, including, without limitation, attorneys, accountants, consultants, investment bankers and financial advisors and the predecessors, successors, assigns or heirs of such Person or Entity (in each case, in their respective capacities as such).

**1.123 "Released Parties"** shall mean, collectively, and in each case, solely in their respective capacities as such, (a) the Debtors and the Estates, (b) the Prepetition Super Priority Secured Parties, (c) the Prepetition Convertible Notes Secured Parties, (d) the DIP Agent, (e) the DIP Lenders, (f) Committee and the members of the Committee, in their capacity as members of the Committee, (g) the Stalking Horse Bidder, and (h) with respect to each of the foregoing, their Related Parties.

**1.124 "Releasing Parties"** shall mean, collectively, and in each case, solely in their respective capacities as such: (a) the Released Parties; (b) all holders of Claims who vote to accept the Combined Disclosure Statement and Plan and do not opt out of the voluntary release contained in Section 14.1 of the Combined Disclosure Statement and Plan by checking the "opt out" box on the ballot, and returning it in accordance with the instructions set forth thereon, indicating that they opt not to grant the releases provided in the Combined Disclosure Statement and Plan; (c) all holders of Claims who (ii) vote to reject the Combined Disclosure Statement and Plan or (ii) abstain from voting and, in the case of either (i) or (ii), opt in to the voluntary release contained in Section 14.1 of the Combined Disclosure Statement and Plan by checking the "opt in" box on the ballot, and returning it in accordance with the instructions set forth thereon, indicating that they are opting in to grant the releases provided in the Combined Disclosure Statement and Plan; (c) holders of Claims or Interests that are deemed to accept or reject this Combined Disclosure Statement and Plan and opt in to the voluntary release contained in Section 14.1 of the Combined Disclosure Statement and Plan by checking the "opt in" box on the ballot, and returning it in accordance with the instructions set forth thereon, indicating that they are opting in to grant the releases provided in the Combined Disclosure Statement and Plan; and (d) with respect to any Person or entity in the foregoing clauses (a) through (c), the Related Party of such Person or Entity solely in their capacity as such (provided that with respect to any Related Party identified herein, each such Person constitutes a Releasing Party under this clause solely with respect to derivative claims that such Related Party could have properly asserted on behalf of a Person identified in clauses (a) through (c) of the definition of Releasing Parties). For the avoidance of doubt, holders of Claims or Interests who are (i) deemed to accept or reject the Plan, (ii) vote to reject the Plan or are entitled to vote and do not vote to accept or reject the plan, including Prepetition Convertible Noteholders and holders of General Unsecured Claims, shall not be Releasing Parties unless they "opt in" to the voluntary release contained in Section 14.1 of the Combined Disclosure Statement and Plan by checking the "opt in" box on the ballot, and returning it in accordance with the instructions set forth thereon, indicating that they are opting in to grant the releases provided in the Combined Disclosure Statement and Plan.

**1.125 "Restructuring Advisors"** shall mean Fried, Frank, Harris, Shriver & Jacobson LLP and Morris, Nichols, Arsht & Tunnell LLP, as bankruptcy co-counsel, Perella Weinberg Partners LP, as investment banker, SOLIC Capital Advisors, LLC, as financial advisor, and Stretto, Inc., as claims, noticing, and administrative advisor.

**1.126 "Sale"** shall mean the sale of all or substantially all of the Debtors' Assets to the Successful Bidder, pursuant to the Successful Bidder Agreement and the Sale Order.

**1.127 "Sale Cash Consideration"** shall mean the Cash consideration paid or payable by the Successful Bidder pursuant to the Successful Bidder Agreement.

**1.128 "Sale Consideration"** shall mean, in the aggregate, the Sale Cash Consideration and the Sale Non-Cash Consideration.

**1.129 "Sale Non-Cash Consideration"** shall mean the non-cash consideration paid or payable by the Successful Bidder pursuant to the Successful Bidder Agreement.

**1.130 "Sale Order"** shall mean the order(s) of the Bankruptcy Court approving the Sale, which shall be in form and substance reasonably acceptable to the Debtor and the Successful Bidder.

**1.131 "Schedules"** shall mean the schedules of assets and liabilities and statements of financial affairs Filed by the Debtors pursuant to section 521 of the Bankruptcy Code and in substantial accordance with the Official Bankruptcy Forms, as the same may have been amended, modified, or supplemented from time to time [D.I. Nos. 156, 157, 158 & 159], dated June 5, 2025.

**1.132 "Secured Claim"** shall mean, pursuant to section 506 of the Bankruptcy Code, that portion of a Claim that is (a) secured by a valid, perfected and enforceable security interest, lien, mortgage, or other encumbrance, that is not subject to avoidance under applicable bankruptcy or non-bankruptcy law, in or upon any right, title or interest of the Debtors in and to property of the Estates, to the extent of the value of the Holder's interest in such property as of the relevant determination date, or (b) Allowed as such pursuant to the terms of the Combined Disclosure Statement and Plan (subject to the Confirmation Order becoming a Final Order). The defined term Secured Claim includes any Claim that is (i) subject to an offset right under applicable law as of the Petition Date, and (ii) a secured claim against the Debtors pursuant to sections 506(a) and 553 of the Bankruptcy Code.

**1.133 "Solicitation Procedures Order"** shall mean that certain *Order (I) Approving the Combined Disclosure Statement and Plan on an Interim Basis for Solicitation Purposes Only; (II) Establishing Solicitation and Tabulation Procedures; (III) Approving the Forms of Ballots and Solicitation Materials; (IV) Establishing the Voting Record Date; (V) Fixing the Date, Time, and Place for the Combined Hearing and the Deadline for Filing Objections Thereto; and (VI) Granting Related Relief* [D.I. 155], dated June 5, 2025.

**1.134 "Stalking Horse Agreement"** shall mean that certain Asset Purchase Agreement, dated as of May 30, 2025, by and among Debtors, as sellers, and the Stalking Horse Bidder, as buyer.

**1.135 "Stalking Horse Bidder"** shall mean an acquisition vehicle formed by Indaba Capital Management, together with each of its permitted successors, assigns and designees, on behalf of the Prepetition Super Priority Secured Parties and the DIP Secured Parties.

**1.136 "Successful Alternate Bidder"** shall mean the person or entity other than the Stalking Horse Bidder, if any, submitting the highest or otherwise best bid for the Assets of the Debtors as approved by the Sale Order and in accordance with the Bidding Procedures Order.

**1.137 "Successful Alternate Bidder Agreement"** shall mean that certain agreement, if any, by and among the Debtors, as sellers, and the Successful Alternate Bidder, as buyer.

**1.138 "Successful Bidder"** shall mean the Stalking Horse Bidder or any Successful Alternate Bidder, as applicable.

**1.139 "Successful Bidder Agreement"** shall mean the Stalking Horse Agreement or any Successful Alternate Bidder Agreement, as applicable, and as approved by the Sale Order.

**1.140 "Taxes"** shall mean all income, gross receipts, sales, use, transfer, payroll, employment, franchise, profits, property, excise, or other similar taxes, estimated import duties, fees, stamp taxes, and duties, value added taxes, assessments, or charges of any kind whatsoever (whether payable directly or by withholding), together with any interest and any penalties, additions to tax, or additional amounts imposed by any taxing authority of a Governmental Unit with respect thereto.

**1.141 "Unclassified Claims"** shall mean any Administrative Claims, Professional Fee Claims, Priority Tax Claims, DIP Loan Claims and U.S. Trustee Fees.

**1.142 "Unimpaired"** shall mean, when used in reference to a Claim or Interest, any Claim or Interest that is not impaired within the meaning of section 1124 of the Bankruptcy Code.

**1.143 "U.S. Trustee Fees"** shall mean fees payable pursuant to 28 U.S.C. § 1930.

**1.144 "Voting Deadline"** shall mean **July 14, 2025 at 4:00 p.m. (prevailing Eastern Time)**, the date and time by which ballots to accept or reject the Combined Disclosure Statement and Plan must be received to be counted, as set forth by the Solicitation Procedures Order.

**1.145 "Wind-Down Amount"** shall mean the amounts necessary to fund the wind-down of the Debtors' Estates following Confirmation of the Combined Disclosure Statement and Plan in accordance with the Approved Budget.

**1.146 "Wind-Down Estate"** shall mean the Estate of each Debtor after the Effective Date.

**<u>RULES OF INTERPRETATION</u>**

For purposes of the Combined Disclosure Statement and Plan, except as expressly provided or unless the context otherwise requires, (a) any capitalized term used but not defined herein, but is defined in the Bankruptcy Code or the Bankruptcy Rules, shall have the meaning ascribed to that term in the Bankruptcy Code or the Bankruptcy Rules, as applicable, (b) whenever the context requires, each term stated in either the singular or the plural shall include the singular and the plural, and pronouns stated in the masculine, feminine, or neuter shall include the masculine, feminine and the neuter, (c) any reference in the Combined Disclosure Statement and Plan to a contract, instrument, release, indenture, or other agreement or document being in a particular form or on particular terms and conditions means that such document shall be substantially in such form or substantially on such terms and conditions, (d) any reference in the Combined Disclosure Statement and Plan to an existing document or exhibit means such document or exhibit as it may be amended, modified, or supplemented from time to time, (e) unless otherwise specified, all references in the Combined Disclosure Statement and Plan to sections, articles, schedules, and exhibits are references to sections, articles, schedules, and exhibits of or to the Combined Disclosure Statement and Plan, (f) the words "herein," "hereof," "hereto," "hereunder," and other words of similar import refer to the Combined Disclosure Statement and Plan in its entirety rather than to any particular paragraph, subparagraph, or clause contained in the Combined Disclosure Statement and Plan, (g) captions and headings to articles and sections are inserted for convenience of reference only and shall not limit or otherwise affect the provisions hereof or the interpretation of the Combined Disclosure Statement and Plan, and (h) the rules of construction set forth in section 102 of the Bankruptcy Code and in the Bankruptcy Rules shall apply.

**Article II<u><br> CLASSIFICATION OF CLAIMS AND INTERESTS AND ESTIMATED RECOVERIES</u>**

**THE PROJECTED RECOVERIES SET FORTH IN THE TABLE BELOW ARE<br> ESTIMATES ONLY AND ARE THEREFORE SUBJECT TO CHANGE.**

**2.1** **Classification**. The information in the table below is provided in summary form for illustrative purposes only and is subject to material change based on certain contingencies, including related to the claims reconciliation process. Actual recoveries may widely vary within these ranges, and any changes to any of the assumptions underlying these amounts could result in material adjustments to recovery estimates provided herein and/or the actual distribution received by creditors. The projected recoveries are based on information available to the Debtors as of the date hereof and reflect the Debtors' estimates as of the date hereof only. In addition to the cautionary notes contained elsewhere in this Combined Disclosure Statement and Plan, it is underscored that the Debtors make no representation as to the accuracy of these recovery estimates. The Debtors expressly disclaim any obligation to update any estimates or assumptions after the date hereof on any basis (including new or different information received and/or errors discovered).

A Claim or Interest is placed in a particular Class only to the extent that the Claim or Interest falls within the description of that Class and is classified in other Classes to the extent that any portion of the Claim or Interest falls within the description of such other Classes. A Claim or Interest is also placed in a particular Class for the purpose of receiving Distributions pursuant to the Combined Disclosure Statement and Plan only to the extent that such Claim or Interest is an Allowed Claim in that Class and such Claim or Interest has not been paid, released or otherwise settled prior to the Effective Date.

All Claims and Interests, except Administrative Claims, Professional Fee Claims, DIP Loan Claims, Priority Tax Claims and U.S. Trustee Fees, are placed in the Classes set forth below. In accordance with section 1123(a)(1) of the Bankruptcy Code, Administrative Claims (including Professional Fee Claims), Priority Tax Claims, DIP Loan Claims, and U.S. Trustee Fees as described herein, have not been classified, and the respective treatment of such Unclassified Claims is set forth below in Article VI of the Combined Disclosure Statement and Plan. The categories of Claims and Interests listed below classify Claims and Interests for all purposes, including voting, confirmation and distribution pursuant to the Combined Disclosure Statement and Plan and pursuant to sections 1122 and 1123(a)(1) of the Bankruptcy Code.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Class/<br> Designation** | &nbsp;&nbsp;**Combined Disclosure Statement and Plan<br> Treatment** | &nbsp;&nbsp;**Estimated<br> Amount of<br> Total<br> Claims** | &nbsp;&nbsp;**Status /<br> Voting<br> Rights** | &nbsp;&nbsp;**Projected <br> Recovery** |
| &nbsp;&nbsp;**Class 1:**<br> Priority Non- Tax Claims | &nbsp;&nbsp;Except to the extent that a holder of a Priority Non- Tax Claim against any of the Debtors has agreed to less favorable treatment of such Claim, each such holder shall receive Cash in an amount equal to such Claim, payable on the later of (i) forty five (45) calendar days after the Effective Date (or as soon as reasonably practicable thereafter) and (ii) the first Business Day after thirty (30) days from the date on which such Claim becomes an Allowed Priority Non-Tax Claim, or as soon as reasonably practical thereafter. | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Unimpaired / Deemed to accept Plan | &nbsp;&nbsp;100% |
| &nbsp;&nbsp; **Class 2**:<br> Other Secured Claims | &nbsp;&nbsp;Except to the extent that a holder of an Allowed Other Secured Claim against any of the Debtors has agreed to less favorable treatment of such Claim, each such holder shall receive, at the option of the Debtors or the Liquidation Trustee, (i) payment in full in Cash on account of such Claim, payable on the later of (A) forty five (45) calendar days after the Effective Date (or as soon as reasonably practicable thereafter) and (B) the first Business Day after thirty (30) days from the date on which such Other Secured Claim becomes an Allowed Other Secured Claim, or as soon as reasonably practical thereafter, (ii) delivery of the collateral securing such Allowed Other Secured Claim and payment of any interest required under section 506(b) of the Bankruptcy Code, or (iii) such other treatment necessary to satisfy section 1129 of the Bankruptcy Code. | &nbsp;&nbsp; $0<br>| &nbsp;&nbsp;Unimpaired<br> / Deemed to<br> accept Plan | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;**Class 3:** Prepetition Super Priority Notes Claims | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unless the applicable Holder of a Class 3 Prepetition Super Priority Notes Claim agrees to less favorable treatment,<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* In the event that Stalking Horse Bidder is the Successful Bidder, each Holder of Prepetition Super Priority Notes Claims shall have their Claims reduced on a dollar-for-dollar basis by the Credit Bid Amount; or<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* In the event the Successful Alternate Bidder is the Successful Bidder, to the extent not already Paid in Full in Cash upon the closing of a Sale, each Holder of Prepetition Super Priority Notes Claims shall be entitled to all proceeds of an Alternative Sale Transaction until such Prepetition Super Priority Notes Claims are Paid in Full in Cash. | &nbsp;&nbsp;Not less than $21,952,668 | &nbsp;&nbsp;Impaired/ Entitled to vote | &nbsp;&nbsp;Undetermined<sup>3</sup> |

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<sup>3</sup> In the event that the Stalking Horse Bidder is the Successful Bidder, Holders of Allowed Prepetition Super Priority Notes Claims are projected to recover a portion of their Allowed Prepetition Super Priority Notes Claims on account of the Credit Bid Amount. The recovery for Holders of Allowed Prepetition Super Priority Notes Claims may be modified depending on the results of the Sale process and whether there is a topping bid to the Credit Bid Amount.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Class/<br> Designation** | &nbsp;&nbsp;**Combined Disclosure Statement and Plan<br> Treatment** | &nbsp;&nbsp;**Estimated<br> Amount of<br> Total <br> Claims** | &nbsp;&nbsp;**Status /<br> Voting<br> Rights** | &nbsp;&nbsp;**Projected<br> Recovery** |
| &nbsp;&nbsp;**Class 4:** Prepetition Convertible Notes Claims | &nbsp;&nbsp;After Holders of Allowed Prepetition Super Priority Notes Claims in Class 4 are Paid in Full, in the event the Successful Alternate Bidder is the Successful Bidder, each Holder of Prepetition Convertible Notes Claim shall be entitled to the proceeds of an Alternative Sale Transaction until such Allowed Prepetition Convertible Notes Claim are Paid in Full in Cash. To the extent any Allowed Prepetition Convertible Notes Claims are not paid in full in Cash at closing of the Sale or on or prior to the Effective Date, such Allowed Prepetition Convertible Notes Claims shall receive their Pro Rata Share of the Liquidation Trust Assets, to the extent applicable. | &nbsp;&nbsp;$65712107 | &nbsp;&nbsp;Impaired/ Entitled to Vote. | &nbsp;&nbsp;Undetermined<sup>4</sup> |
| &nbsp;&nbsp;**Class 5:** <br> General <br> Unsecured <br> Claims | &nbsp;&nbsp;Holders of Allowed General Unsecured Claims shall receive their Pro Rata Share of the Liquidation Trust Assets, to the extent applicable. | &nbsp;&nbsp;$5652680 | &nbsp;&nbsp;Impaired/ Entitled to Vote. | &nbsp;&nbsp;0%<sup>5</sup> |
| &nbsp;&nbsp;**Class 6:** Existing Securities Law Claims | &nbsp;&nbsp;Holders of Existing Securities Law Claims shall not receive or retain any distribution under the Combined Disclosure Statement and Plan on account of such Existing Securities Law Claims. | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Impaired/ <br> Deemed to <br> reject Plan | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**Class 7:** Interests | &nbsp;&nbsp;All Interests shall be extinguished, cancelled and released on the Effective Date and Holders of Interests shall not receive any distribution on account of such Interests. | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Impaired/ <br> Deemed to <br> reject Plan | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;**Class 8A and 8B:** Intercompany Claims and Intercompany Interests | &nbsp;&nbsp;On or after the Effective Date, all Allowed Intercompany Claims and Intercompany Interests shall be adjusted, continued, settled, reinstated, discharged, or eliminated, in each case to the extent determined to be appropriate by the Debtors or the Liquidation Trustee (as applicable), with the prior consent of the Initial DIP Lender. | &nbsp;&nbsp;N/A | &nbsp;&nbsp;Impaired/ <br> Deemed to <br> reject Plan | &nbsp;&nbsp;0% |

---

<sup>4</sup> The recovery of the estimated Allowed amounts in Class 4 could be changed by, among other things, the results of the Sale Process. 5 At this time, if the Sale Process results in the consummation of the Stalking Horse Bid as currently contemplated, there will not be any recovery available to holders of Claims in Class

<sup>5</sup> as the Stalking Horse Bid contemplates the purchase of all of the Debtors' assets for the Credit Bid Amount. This Stalking Horse Purchaser is purchasing all Causes of Action of the Debtors. The recovery of the estimated Allowed amounts in Class 5 could be changed by, among other things, the results of the Sale Process, but only in the event that a Sale closes with a cash Purchase Price (as defined in the Bidding Procedures) of at least approximately $113 million.

**Article III<u><br> BACKGROUND AND DISCLOSURES</u>**

**3.1 General Background**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a) **The Debtors' Business***

The Debtors are a life-saving diagnostics company that develops and markets innovative technologies aimed at improving the rapid identification and antibiotic susceptibility testing of serious infections, particularly bloodstreams infections such as sepsis. The Debtors generate revenue through the sale or lease of their proprietary diagnostic systems. These platforms are used by hospitals and clinical microbial laboratories to reduce the time it takes to determine which pathogens (i.e. bacteria or virus) are present in a patient sample and which antibiotics are likely to be effective, enabling more targeted treatment, improved outcomes, and lower healthcare costs.

The Debtors' commercialized products include (i) the Accelerate Pheno system ("<u>Pheno</u>") and (ii) the Accelerate Arc system ("<u>Arc</u>"). Furthermore, AXDX recently submitted its Accelerate WAVE system ("<u>Wave</u>") to the U.S. Food and Drug Administration (the "<u>FDA</u>") for 510(k) clearance, with commercial launch anticipated in early 2026. The Debtors' customers include large healthcare systems, academic medical centers, and hospital laboratories, throughout the United States and internationally. Through strategic partnerships, The Debtors have sought to broaden the commercial reach of its products and reduce its internal sales and marketing footprint.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Pheno*** . Pheno was the Debtors'
first *in vitro* diagnostic platform, designed to provide rapid comprehensive identification (" <u>ID</u> ") and antibiotic
susceptibility testing (" <u>AST</u> ") of pathogens directly from positive blood culture samples. AST testing seeks to determine
whether live bacterial cells are resistant or susceptible to a particular antibiotic. Traditional laboratory methods for ID and AST typically
require 48-72 hours to yield actionable results. In contrast, Pheno—a fully automated platform that requires minimal hands-on time—is
capable of providing ID results in approximately 2 hours and AST results in approximately 7 hours, significantly shortening the time to
effective treatment for patients with serious infections such as sepsis. This information can then be used by physicians to rapidly modify
antibiotic therapy to lessen adverse reactions and improve clinical outcomes.

Following regulatory approvals in 2017, the Company began selling Pheno systems in hospitals across the United States, Europe, and the Middle East. Revenue to date has principally been generated from the sale or leasing of the instruments and the sale of single use consumable test kits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Arc*.** Arc is a sample preparation
platform designed to streamline and automate the processing of positive blood culture specimens. Arc's primary function is to clean
and concentrate microbial cells from a patient sample, producing a purified preparation that is particularly useful for laboratories utilizing
matrix-assisted laser desorption ionization-time of flight (" <u>MALDI-TOF</u> ") mass spectrometry systems. Arc enables rapid,
hands-free specimen preparation in approximately 30 minutes, significantly reducing manual technician time and improving reproducibility.
The system is designed to be used in conjunction with MALDI-TOF platforms. By providing faster, standardized microbial preparation, Arc
reduces the overall time to result in clinical microbiology labs.

Arc was commercially launched in 2022 and received FDA 510(k) clearance in September 2024. The Company has also received regulatory approval for use in Europe.

In November 2023, the Company announced a collaboration and quality agreement with Bruker Corporation ("<u>Bruker</u>") (a provider of MALDI-TOF systems), which has agreements with a number of companies for distribution. This partnership allows the Company to validate the use of the Arc system with Bruker's MALDI-TOF system for subsequent registrations in the United States, Europe, Middle East and Africa markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Wave*.** Wave
is the Debtors' next-generation diagnostic platform designed to rapidly determine the susceptibility of bacteria in various antibiotics.
Unlike traditional methods that can take 48 to 72 hours, Wave is capable of delivering minimum inhibitory concentration (" <u>MIC</u> ")
results in approximately five hours. Wave accomplishes this through a proprietary approach using digital holographic microscopy, which
enables the real-time observation of live bacterial cells as they are exposed to a panel of antimicrobial agents. The system then analyzes
these cellular responses to calculate MIC value that guide doctors in selecting the most effective antimicrobial therapy for a given infection.
Wave offers several key advantages. It can perform susceptibility tests directly from positive blood cultures as well as from isolated
bacterial colonies, making it highly adaptable to a variety of laboratory workflows. It is also modular and scalable, allowing labs to
adjust according to demand. Importantly, the system is expected to offer a lower cost-per-test relative to the Pheno and Arc.

After completing a pre-clinical study and a clinical trial, on March 21, 2025, the Debtors announced the submission of the Wave system and positive blood culture gram-negative test kit to the FDA for 510(k) clearance. The Debtors anticipate commercial launch of Wave during the first or second quarter 2026**.**

The Company maintains its headquarters in Tucson, Arizona, with additional offices and operations worldwide. The Company assembles its instruments and formulates, fills and assembles kits in its facilities in Arizona. Instruments and kits require certain components (such as injection-molded plastic components, die-cut laminates and machined mechanical components) that are custom-fabricated to the Debtors' specifications. The Company's customer base is composed primarily of hospital microbiology laboratories across the globe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b) **The Debtors' Corporate Structure***

Debtor Accelerate Diagnostics, Inc. wholly owns Debtor Accelerate Diagnostics Texas, LLC and one foreign subsidiary that is not a Debtor in these Chapter 11 Cases, Accelerate Diagnostics B.V. Accelerate Diagnostics B.V., in turn, wholly owns non-debtor subsidiaries Accelerate Diagnostics, S.L., Accelerate Diagnostics UK Limited, Accelerate Diagnostics S.r.l., Accelerate Diagnostics GmbH, Accelerate Diagnostics SARL, Accelerate Diagnostics PTY LTD. The Debtors' foreign subsidiaries do not hold material assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c) **Equity Ownership and Capital Structure***

Debtor Accelerate Diagnostics, Inc. is a publicly traded company and its shares trade on the Nasdaq Capital Market under the ticker AXDX. As of the Petition Date, the Company had (i) 450,000,000 shares authorized and 25,291,666 shares issued and outstanding of voting common stock, (ii) 5,000,000 shares authorized and 0 shares issued and outstanding of non-voting Series A Preferred Stock and (iii) 185,850 shares of treasury stock.

As of the Petition Date, the Debtors have an aggregate amount of approximately $90.2 million in prepetition debt, consisting of (i) approximately $16.6 million principal amount of outstanding funded debt obligations arising under the Prepetition Super Priority Notes, (ii) approximately $71 million principal amount of outstanding funded debt obligations arising under the Prepetition Convertible Notes, and (iii) approximately $2.7 million in additional trade claims and other unsecured obligations. The Debtors' outstanding obligations are set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. *Prepetition Super Priority Notes* 

Debtor Accelerate Diagnostics, Inc., as issuer, the Prepetition Super Priority Notes Trustee, in each case for the benefit of the "Holders" (as defined in the Prepetition Super Priority Notes Indenture), are party to the Prepetition Super Priority Notes Indenture.

Under the Prepetition Super Priority Notes Indenture, the Debtors issued the Prepetition Super Priority Notes in an initial aggregate principal amount of $15,00,000.00. The Prepetition Super Priority Notes mature on December 31, 2025 and are secured by substantially all of the Debtors' assets. In addition, the Prepetition Super Priority Notes Indenture purports to accelerate all principal and interest payments under the Prepetition Super Priority Notes, including the Exit Premium (as defined in the Prepetition Super Priority Notes Indenture), upon certain events of default, which include a bankruptcy filing.

As of the Petition Date, approximately $16.6 million of principal remains outstanding under the Super Priority Notes, plus accrued and unpaid interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. *Prepetition Convertible Notes* 

Debtor Accelerate Diagnostics, Inc. is also party to the Prepetition Convertible Notes Indenture, by and between Debtor, the Prepetition Convertible Notes Trustee, and the Prepetition Convertible Notes Collateral Agent, in each case for the benefit of the "Holders" (as defined in the Prepetition Convertible Notes Indenture). Under the Prepetition Convertible Notes Indenture, the Debtors issued the Prepetition Convertible Notes in an initial aggregate principal amount of $66,893,266.00. In connection with the Prepetition Convertible Notes Indenture, Debtor Accelerate Diagnostics, Inc. and certain holders of the Convertible Notes entered into that certain *Note Exchange Agreement*, dated as June 9, 2023 (the "<u>Exchange Agreement</u>"), whereby the holders of the Prepetition Convertible Notes exchanged their 2.50% unsecured convertible notes (the "<u>Old Notes</u>") for the Prepetition Convertible Notes. The Exchange Agreement gave the Debtors a paid-in-kind interest feature and a maturity date three and a half years later than the Old Notes. As consideration for giving this value to the Debtors, the parties to the Exchange Agreement received a stepped-up interest rate and a first-lien on the Debtors' assets. The Prepetition Convertible Notes mature on December 15, 2026 and are secured by substantially all of the Debtors' assets. In addition, the Prepetition Convertible Notes Indenture purports to accelerate all principal and interest payments under the Prepetition Convertible Notes upon certain events of default, which include a bankruptcy filing.

As of the Petition Date, approximately $71 million of principal remains outstanding under the Prepetition Convertible Notes, plus accrued and unpaid interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. *The Intercreditor Agreement* 

The Debtors' prepetition indebtedness is subject to that certain *Intercreditor Agreement*, dated as of August 8, 2024, by and between Debtor Accelerate Diagnostics, Inc., the Prepetition Super Priority Notes Trustee, and the Prepetition Convertible Notes Trustee (the "<u>Intercreditor Agreement</u>"), pursuant to which the security interest of the Prepetition Convertible Notes was subordinated to the security interest of the Prepetition Super Priority Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. *Other Unsecured Claims.* 

The Debtors also have numerous trade and other unsecured claims outstanding as of the Petition Date.

**3.2 Events Leading to Chapter 11**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a) **Recent Financial Performance and Liquidity Constraints***

The Debtors have incurred negative cashflows from operating activities and significant losses from operations in recent years. The Debtors have relied heavily on debt and preferred equity financings to fund operations. Despite the revenues generated from sales of the instruments and related consumable products, and management's best efforts to stabilize operations, the Debtors' business prospects significantly declined in the months leading up to the Petition Date. Several factors, among others, contributed to this decline.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***COVID-19 Pandemic*** . In
the years following the COVID-19 pandemic, the Debtors faced commercial and macroeconomic headwinds that materially impacted the business.
Chief among these was the constrained capital environment within the hospital sector. Many hospital systems reduced capital spending on
new diagnostic equipment as they contended with heightened labor costs, lower procedure volumes, and shifting reimbursement policies.
These pressures directly affected the Debtors' ability to grow revenue through new system placements and materially decreased the
Debtors' sale pipeline for their existing products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Regulatory Headwinds.*** While
the Debtors successfully launched Arc in 2022, delays in achieving FDA clearance—ultimately granted in September 2024—stalled
commercial opportunities. At the same time, the Debtors continued investing heavily in the development of Wave, which, although highly
promising, required significant R&D expenditures to complete clinical trials, build commercial infrastructure, and prepare for regulatory
submissions. These factors, coupled with rising borrowing costs and a challenging capital markets environment, left the Debtors with mounting
operating losses and unsustainable rate of cash burn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Product Cost Challenges*** . The Debtors
are currently experiencing unprecedented cost increases from many of their suppliers, primarily due to labor and supply disruptions and
inflation. These costs increases—particularly in raw materials, components, and value-add supplier labor—have significantly
raised the costs to manufacture the Pheno system and its associated test kits. These elevated costs have impaired the commercial viability
of the Pheno system, limited adoption by hospital systems, and has hindered the Debtors' path to profitability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Increased Competition*** . The clinical
microbiology industry is highly competitive. The Debtors compete with established and early-stage life sciences companies. This, in turn,
has limited the Debtors' ability to gain market share and scale revenue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·  ***Strategic Partnerships*** . Through
strategic partnerships, the Debtors have sought to broaden the commercial reach of its products and reduce its internal sales and marketing
footprint. In connection with these partnerships, the Debtors' developed a commercialization plan projecting a material expansion
of the Debtors' market presence. However, to date the Debtors have not realized the revenue growth or market penetration that was
originally anticipated. Despite collaborative efforts, sales have remained below forecasted levels, and the revenue growth necessary to
support the Debtors' current operating model has not materialized, placing additional strain on the Debtors' liquidity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b) **Out-of-Court Restructuring Efforts***

Since inception, the Debtors have not achieved profitable operations or positive cash flows from operations. It is typical for companies in the life sciences industry not to reach profitability until they generate several hundred million dollars in revenue, with companies raising money from outside investors or reinvesting money generated by the business to invest in new product development and commercial activities. Much of the cash that the Debtors and similar companies earn from product sales or raise from investors prior to reaching greater revenue scale is reinvested into creating and selling new products. During this early stage, and in particular during the launch of their products, large amounts invested in research and development and new product commercialization have led the Debtors to incur operating losses, although they have historically been able to pay debts as they have come due. For year ended December 2024, the Debtors had net losses of approximately $50 million; in the prior year, the Debtors had net losses of approximately $61.6 million.

In early 2023, the Company began to explore the market for potential financing and refinancing alternatives, given its continued need to invest in its business and the upcoming maturity date of the Old Notes. In March 2023, the Company entered into a forbearance agreement (the "<u>Forbearance Agreement</u>") with certain holders of the Old Notes (the "<u>Ad Hoc Noteholder Group</u>"). Pursuant to the Forbearance Agreement, the Ad Hoc Noteholder Group agreed to forbear from exercising their rights and remedies under the indenture governing the Old Notes in connection with certain events of default, including, but not limited to, failure to timely pay in full principal and interest on the Old Notes that was due and payable on March 15, 2023. In April 2023, the Company entered into a restructuring support agreement (the "<u>Restructuring Support Agreement</u>") with the Ad Hoc Noteholder Group, the holder of a secured promissory note with the Jack W. Schuler Living Trust (the "<u>Schuler Trust</u>") and the holders of the Company's Series A Preferred Stock to restructure the Company's capital structure (the "<u>2023 Restructuring Transactions</u>"). In June 2023, the Company completed the 2023 Restructuring Transactions, which included, among other things, the issuance of Convertible Notes, the conversion of claims arising under the promissory note into shares of common stock, and the conversion of Series A Preferred Stock into shares of common stock.

In January 2024, the Company completed an underwritten public offering (the "<u>2024 Public Units Offering</u>") of 6.8 million units (the "<u>Units</u>"), each consisting of one share of common stock and one warrant to purchase one share of common stock (each, a "<u>Common Warrant</u>"), and for certain investors in lieu thereof, pre-funded Units, each consisting of one pre-funded warrant to purchase one share of common stock, and one Common Warrant to purchase one share of common stock. Concurrently with the completion of the 2024 Public Units Offering, the Company sold Units to the Schuler Trust and to the Company's Chief Executive Officer and Chief Financial Officer in a private placement offering. Aggregate net proceeds after transaction expenses were $11.0 million. In connection with the 2024 Public Units Offering, the Schuler Trust agreed to and subsequently purchased additional Units in May 2024 for net proceeds of $2.7 million. Aggregate net proceeds from the 2024 Public Units Offering and private placement offering of Units (including the additional Units purchased by the Schuler Trust in May 2024) were approximately $13.7 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c) **Efforts to Negotiate a Comprehensive Restructuring***

Despite the near-term success of the 2023 Restructuring Transactions and the liquidity cushion provided by the 2024 Public Units Offering, the Debtors continued to face a challenging landscape. In an attempt to mitigate their economic and operational challenges, in the months leading up to the bankruptcy filing, the Debtors initiated various cost-cutting measures to preserve liquidity. While the Debtors have continued to generate revenue, even when combined with their cost-cutting measures, such revenue is insufficient to cover the Debtors' ongoing cash requirements.

In December 2024, with the assistance of PWP, the Debtors commenced a robust marketing process to explore alternatives, including a potential sale of their assets. To facilitate this process, the Debtors and PWP, among other things, prepared marketing materials to provide potential bidders with the information necessary to make a proposal. During this prepetition marketing process, PWP reached out to over 18 potential bidders, 6 of which signed new confidentiality agreements and 3 of which had existing confidentiality agreements under which they were able to receive preliminary diligence materials. Furthermore, the Debtors held management and diligence meetings with a total of 9 potential bidders from January 2025 to April 2025 where they received additional financial and/or operational diligence materials. While the Debtors have received significant interest from third parties with respect to purchasing the Debtors' assets, it was not feasible to transact quickly enough with any one of these parties to avoid these Chapter 11 Cases. However, constructive discussions remain ongoing with all of them.

With such concerns in mind, and with their operating cash running low, the Debtors have worked with the Restructuring Advisors over the last several weeks to assist with contingency planning and advise on strategic alternatives, including a sale of substantially all of the company's assets in chapter 11. The Board has taken other actions in the lead up to the filing to help maximize value for stakeholders. On April 8, 2025, the Board unanimously approved the formation of the Special Committee to oversee all key matters in connection with strategic alternatives with the goal of maximizing value. The members of the Special Committee are Wayne Burris, Paul Shalhoub and Gilbert Nathan. In addition, the Debtors also implemented a retention bonus program for approximately 32 key executives and employees totaling approximately $1.3 million to ensure that the members of the Debtors' workforce who are critical to consummating a comprehensive restructuring are property incentivized and motivated to remain employed by the Debtors at this critical juncture.

Notably, prior to commencing these Chapter 11 Cases, the Debtors reached an agreement with Indaba Capital Management, L.P. ("<u>Indaba</u>")—the majority holder of the Super Priority Notes—on a series of transactions that will serve as the blueprint for these Chapter 11 Cases. The Special Committee approved this path following the prepetition marketing process and weeks of extensive negotiations among the Debtors and Indaba.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) **The Proposed Restructuring Transactions***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Stalking Horse Bid and Sale Process

The Debtors executed the Stalking Horse Term Sheet with Indaba who will serve as the Stalking Horse Bidder, on behalf of itself and the other DIP Lenders and other Prepetition Super Priority Secured Parties, subject to Bankruptcy Court approval, in a sale process conducted pursuant to section 363 of the Bankruptcy Code. The Sale contemplates a credit bid for a total purchase price of $41.95 million in the aggregate consisting of (i) all outstanding obligations under the DIP Facility, and (ii) a portion of the outstanding obligations of the Prepetition Super Priority Notes. As part of the purchase price, the Stalking Horse Bidder has also agreed to assume certain liabilities and leave behind cash to conclude these Chapter 11 Cases and wind-down the Debtors' estates post-sale.

If approved, the proposed bid procedures will enable the Debtors to expeditiously sell their assets free and clear of liens, claims, rights, interests, pledges, obligations, restrictions, limitations, charges, encumbrances, and other interests. Time is of the essence in consummating a value-maximizing sale transaction. While the Debtors negotiated for as much runway as possible, there is a need for an expedited process given the nature of the Debtors' business and their liquidity profile.

**3.3 The Chapter 11 Cases**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a) **Generally***

On the Petition Date, the Debtors filed the Combined Disclosure Statement and Plan. If confirmed, the Combined Disclosure Statement and Plan will allow for both the efficient wind-down of the Debtors' estates following the sale process and the realization of maximum value with respect to remaining assets for the benefit of their stakeholders. The wind-down efforts will be facilitated by the Liquidation Trust established under the Combined Disclosure Statement and Plan and overseen by the Liquidation Trustee. The purpose of the Liquidation Trust will include winding down the Debtors' estates, and making distributions to the beneficiaries of the Liquidation Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b) **Retention of Professional Advisors***

Pursuant to Orders entered on June 4, 2025, and June 5, 2025, the Bankruptcy Court authorized the Debtors to retain and employ (i) Fried, Frank, Harris, Shriver & Jacobson and (ii) Morris, Nichols, Arsht & Tunnell LLP as their bankruptcy co-counsel [D.I. 128 & 129]; (iii) Perella Weinberg Partners LP, as investment banker [D.I. 154]; (iv) SOLIC Capital Advisors, LLC as financial advisor [D.I. 131], and (v) Stretto, Inc. as claims agent [D.I. 130]. The Bankruptcy Court also authorized the Debtors to retain and employ certain professionals utilized by the Debtors in the ordinary course of business prior to the Petition Date [D.I. 147].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c) **"First Day" Motions and Related Applications***

Commencing on the Petition Date, the Debtors filed the following "first-day" motions and applications designed to ease the Debtors' transition into chapter 11, maximize the value of the Assets, and minimize the effects of the commencement of the Chapter 11 Cases (collectively, the "<u>First Day Motions</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. *Debtors' Motion for an Entry of an Order Authorizing the Joint Administration of the Debtors' Chapter 11 Cases* [D.I. 3] (" <u>Joint Administration Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. *Debtors' Application for Appointment of Stretto, Inc. as Claims and Noticing Agent* [D.I.
9] (" <u>Claims Agent Retention Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. *Debtors' Motion for Entry of an Order (I) Restating and Enforcing Protections of 11 U.S.C. §§ 362, 365, 525, and 541(c), (II) Approving Notice Related to Non-Debtor Affiliates, and (III) Granting Related Relief* [D.I. 4] (" <u>Foreign Comfort Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. *Debtors' Motion for Entry of an Order (I) Waiving the Requirements to File a List of, and Provide Notice to, All Equity Holders, (II) Authorizing the Debtors to (A) File a Consolidated List of Creditors in Lieu of Submitting a Separate Mailing Matrix for Each Debtor, (B) File a Consolidated List of the Debtors' Thirty Largest Unsecured Creditors, (C) File Under Seal Portions of the Creditor Matrix and Other Filings Containing Certain Personal Identification Information, and (III) Granting Related Relief* [D.I. 5] (" <u>Creditor Matrix Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. *Debtors' Motion for Entry of Interim and Final Orders (I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and Preferred Stock and (II) Granting Related Relief* [D.I. 8] (" <u>NOL Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. *Debtors' Motion Entry of Interim and Final Orders (I) Authorizing the Payment of Certain Taxes and Fees and (II) Granting Related Relief* [D.I. 6] (" <u>Taxes Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. *Debtors' Motion for Entry of Interim and Final Orders (I) Prohibiting Utility Providers From Discontinuing, Altering, or Refusing Service, (II) Deeming Utility Providers to Have Adequate Assurance of Future Payment, (III) Establishing Procedures for Resolving Requests for Additional Assurance and (IV) Granting Related Relief* [D.I. 7] (" <u>Utilities Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. *Debtors' Motion for Entry of Interim and Final Orders (I) Authorizing (A) Continued Use of the Cash Management System, (B) Maintenance of Bank Accounts and Business Forms, (C) Performance of Intercompany Transactions, and (D) Certain Prepetition Obligations To Be Honored; (II) Granting Administrative Expense Priority Status to Postpetition Intercompany Claims; (III) Waiving Strict Compliance With 11 U.S.C. § 345(B) and Certain Operating Guidelines; and (IV) Granting Related Relief* [D.I. 12] (" <u>Cash Management Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. *Debtors' Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Pay All Certain Prepetition Claims of Critical Vendors and Foreign Vendors and (II) Granting Related Relief* [D.I. 11] (the " <u>Critical Vendors Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. *Debtors' Motion for Entry of Interim and Final Orders (I) Authorizing Debtors to (A) Pay Prepetition Wages, Salaries, Other Compensation, and Reimbursable Expenses, and (B) Continue Employee Benefits Programs, and (III) Granting Related Relief* [D.I. 10] (" <u>Wage Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. *Debtors' Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Postpetition Financing, Granting Senior Postpetition Security Interests and According Superpriority Administrative Expense Status Pursuant to Sections 364(c) and 364(d) of the Bankruptcy Code, (II) Authorizing the Use of Cash Collateral, (III) Granting Adequate Protection, (IV) Modifying the Automatic Stay, and (V) Granting Related Relief* [D.I. 14] (the " <u>DIP Motion</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. *Debtors' Motion for Entry of an Order (I)(A)Approving Bidding Procedures For the Sale of All or Substantially All of the Debtors' Assets, (B) Authorizing the Debtors' Entry into the Stalking Horse APA, (C) Scheduling an Auction and a Sale Hearing and Approving the Form and Manner of Notice Thereof, (D) Approving Assumption and Assignment Procedures and (E) Granting Related Relief, and (II)(A) Approving the Sale of the Debtors' Assets Free and Clear of Liens, Claims, Interests and Encumbrances, (B) Approving the Assumption and Assignment of Executory Contracts and Unexpired Leases and (C) Granting Related Relief* [D.I. 16] (" <u>Bidding Procedures Motion</u> ").

On May 8, May 9, and May 12, 2025, the Bankruptcy Court entered Orders (i) approving the relief requested in the Joint Administration Motion [D.I. 18], the Claims Agent Retention Application [D.I. 52], the Creditor Matrix Motion [D.I. 68], and the Foreign Comfort Motion [D.I. 55] on a final basis, and (ii) approving the relief requested in the DIP Motion [D.I. 72], the Utilities Motion [D.I. 57], the Taxes Motion [D.I. 53], the Critical Vendors Motion [D.I. 60], the Wages Motion [D.I. 59], the Cash Management Motion [D.I. 61], and the NOL Motion [D.I. 67], on an interim basis.

On June 4, 2025, the Bankruptcy Court entered Orders approving, on a final basis, the relief requested in the Critical Vendors Motion [D.I. 125], the Utilities Motion [D.I. 124], the Taxes Motion [D.I. 123], the Cash Management Motion [D.I. 133], and the NOL Motion [D.I. 127]. On June 5, 2025, the Bankruptcy Court entered an Order approving, on a final basis, the relief requested in the Wages Motion [D.I. 152], the DIP Motion [D.I. 149], and the Bidding Procedures Motion [D.I. 143].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) **The Sale Process***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>The Postpetition Sale Process</u> 

As set forth in the First Day Declaration, the Debtors' paramount goal in the Chapter 11 Cases is to maximize the value of the estates for the benefit of the Debtors' creditor constituencies and other stakeholders through the sale of substantially all of the Assets. Following the Petition Date, the Debtors filed a Bidding Procedures Motion seeking authority to proceed with a bidding and auction process to consummate the Sale through the Sale process that the Debtors expect will generate maximum value for their assets. To facilitate the Sale process, the Debtors, in consultation with the Restructuring Advisors proposed certain customary bidding procedures (the "<u>Bidding Procedures</u>") to preserve flexibility in the Sale process, generate the greatest level of interest in the Debtors' assets, and result in the highest or otherwise best value for those assets. Given the Debtors' liquidity situation at the outset of the Chapter 11 Cases, the Debtors believed that a timely sale of their assets would maximize value to the greatest extent possible under the circumstances, and generate the highest possible recoveries in the most efficient and expeditious manner possible, which will inure to the benefit of the Debtors' creditors and other stakeholders. The Debtors also believed that it would ensure, to the benefit of their estates, that the market has certainty around the parameters of the Sale process.

As set forth in the Bidding Procedures Motion, the Debtors, in consultation with the Restructuring Advisors, worked extensively to implement a robust and expeditious Sale process. The Debtors will seek topping bids to maximize value for their stakeholders. If no topping bids emerge during the auction process, the Debtors shall move to expeditiously close the Sale with the Stalking Horse Bidder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(e) **Schedules and Bar Dates***

On June 4, 2025, the Bankruptcy Court entered the Bar Date Order, granting the relief requested in the Bar Date Motion [D.I. 134]. The Bar Date Order established the General Bar Date as July 9, 2025, at 5:00 p.m. (prevailing Eastern Time).

On June 5, 2025, the Debtors filed the Schedules. Among other things, the Schedules set forth the Claims of known or putative creditors against the Debtors as of the Petition Date, based upon the Debtors' books and records.

On June 5, 2025, the Bankruptcy Court entered the Solicitation Procedures Order that, among other things, established certain deadlines with respect to the solicitation of votes and Confirmation of the Combined Disclosure Statement and Plan.

The projected recoveries set forth herein are based on certain assumptions, including the Debtors' estimates of the Claims that will eventually be Allowed in various Classes. There is no guarantee that the ultimate amount of each of such categories of Claims will correspond to the Debtors' estimates. The Debtors or the Liquidation Trustee, as applicable, and their respective professionals, will investigate Claims filed against the Debtors to determine the validity of such Claims. The Debtors or the Liquidation Trustee, as applicable, may file objections to Claims that are filed in improper amounts or classifications, or are otherwise subject to objection under the Bankruptcy Code or other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(f) **Official Committee of Unsecured Creditors***

On May 27, 2025, the U.S. Trustee filed the Statement That Unsecured Creditors Committee Has Not Been Appointed [D.I. 96], notifying parties in interest that no Committee has been appointed in these Chapter 11 Cases.

On June 13, 2025, the U.S. Trustee expects to hold the meeting of creditors pursuant to section 341(a) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(g) **The Wind-Down of the Estates***

Following the closing of the Sale, the Debtors will focus principally on (i) pursuing confirmation of this Combined Disclosure Statement and Plan and (ii) efficiently winding down their businesses, preserving Excluded Cash held in the Estates, monetizing their remaining Assets. The remaining Assets are expected to consist of, among other things, the Liquidation Trust Assets. This Combined Disclosure Statement and Plan provides for the Assets, to the extent not already liquidated, to vest in the Liquidation Trust and to be liquidated over time and the proceeds thereof to be distributed to Holders of Allowed Claims in accordance with the terms of the Combined Disclosure Statement and Plan and the treatment of Allowed Claims described more fully herein. The Liquidation Trustee will effect such liquidation and distributions. The Debtors will be dissolved as soon as practicable after the Effective Date.

**Article IV<u><br> CONFIRMATION AND VOTING PROCEDURES</u>**

**4.1 Confirmation Procedures**. The Solicitation Procedures Order, among other things, conditionally approves the Combined Disclosure Statement and Plan for solicitation purposes only and authorizes the Debtors to solicit votes to accept or reject the Combined Disclosure Statement and Plan. The Confirmation Hearing has been scheduled for **July 28, 2025 at 1:00 p.m. (prevailing Eastern Time)** at the Bankruptcy Court, 6<sup>th</sup> Floor, Courtroom 3, 824 North Market Street, Wilmington, Delaware 19801 to consider (a) final approval of the Combined Disclosure Statement and Plan as providing adequate information pursuant to section 1125 of the Bankruptcy Code and (b) confirmation of the Combined Disclosure Statement and Plan pursuant to section 1129 of the Bankruptcy Code. The Confirmation Hearing may be adjourned from time to time by the Debtors without further notice, except for an announcement of the adjourned date made at the Confirmation Hearing or by filing a notice with the Bankruptcy Court.

**4.2 Procedures for Objections**. Any objection to final approval of the adequacy of disclosures in the Combined Disclosure Statement and Plan and confirmation of the Combined Disclosure Statement and Plan must be made in writing and filed with the Bankruptcy Court and served on (a) co-counsel to the Debtors, (i) Fried, Frank, Harris, Shriver & Jacobson LLP, 1 New York Plaza, New York, NY 10004 (Attn: Rachel C. Strickland, Esq. (rachel.strickland@friedfrank.com), Andrew S. Mordkoff, Esq. (andrew.mordkoff@friedfrank.com) and Erin C. Ryan, Esq. (erin.ryan@friedfrank.com)) and (ii) Morris, Nichols, Arsht & Tunnell LLP, 1201 North Market Street, Wilmington, Delaware 19801 (Attn: Andrew R. Remming (aremming@morrisnichols.com) and Casey Sawyer (csawyer@morrisnichols.com); (b) the Office of the United States Trustee for the District of Delaware, 844 King Street, Suite 2207, Wilmington, DE, 19801, (Attn: Linda Casey (linda.casey@usdoj.gov); (c) counsel to any official committee appointed in these Chapter 11 Cases; and (d) counsel for (i) the Prepetition Super Priority Notes Trustee for the Prepetition Super Priority Noteholders and (ii) the DIP Agent for the DIP Lenders, Clifford Chance LLP, Two Manhattan West, 375 9<sup>th</sup> Avenue, New York NY 10001 (Attn: David M. Feldman (david.feldman@cliffordchance.com) and Madelyn Nicolini (Madelyn.nicolini@cliffordchance.com) and Young, Conaway, Stargatt & Taylor LLP, 1000 North King Street, Wilmington, Delaware 19801 (Attn: Edmon L. Morton (emorton@ycst.com) and Matthew B. Lunn (mlunn@ycst.com); in each case, by no later than **July 8, 2025 at 4:00 p.m.** (prevailing Eastern Time). Unless an objection is timely filed and served, it may not be considered by the Bankruptcy Court at the Confirmation Hearing.

**4.3 Requirements for Confirmation**. The Bankruptcy Court will confirm the Combined Disclosure Statement and Plan only if it meets all the applicable requirements of section 1129 of the Bankruptcy Code. Among other requirements, the Combined Disclosure Statement and Plan (i) must be accepted by all Impaired Classes of Claims or Interests or, if rejected by an Impaired Class, the Combined Disclosure Statement and Plan must not "discriminate unfairly" against, and be "fair and equitable" with respect to, such Class; and (ii) must be feasible. The Bankruptcy Court must also find that the Combined Disclosure Statement and Plan: (i) has classified Claims and Interests in a permissible manner; (ii) complies with the technical requirements of chapter 11 of the Bankruptcy Code; and (iii) has been proposed in good faith.

**4.4 Classification of Claims and Interests**

Section 1123 of the Bankruptcy Code provides that a plan must classify the claims and interests of a debtor's creditors and equity interest holders. In accordance with section 1123 of the Bankruptcy Code, the Combined Disclosure Statement and Plan divides Claims and Interests into Classes and sets forth the treatment for each Class (other than those claims which pursuant to section 1123(a)(1) of the Bankruptcy Code need not be and have not been classified). The Debtors also are required, pursuant to section 1122 of the Bankruptcy Code, to classify Claims and Interests into Classes that contain Claims or Interests that are substantially similar to the other Claims or Interests in such Class.

The Bankruptcy Code also requires that a plan provide the same treatment for each claim or interest of a particular class unless the claim holder or interest holder agrees to a less favorable treatment of its claim or interest. The Debtors believe that the Combined Disclosure Statement and Plan complies with such standard. If the Bankruptcy Court finds otherwise, however, it could deny confirmation of the Combined Disclosure Statement and Plan if the holders of Claims or Interests affected do not consent to the treatment afforded them thereunder.

A Claim or Interest is placed in a particular Class only to the extent that the Claim or Interest falls within the description of that Class and is classified in other Classes to the extent that any portion of the Claim or Interest falls within the description of such other Classes. A Claim also is placed in a particular Class for the purpose of receiving distributions pursuant to the Combined Disclosure Statement and Plan only to the extent that such Claim is an Allowed Claim in that Class and such Claim has not been paid, released, or otherwise settled prior to the Effective Date.

The Debtors believe that the Combined Disclosure Statement and Plan has classified all Claims and Interests in compliance with the provisions of section 1122 of the Bankruptcy Code and applicable case law. It is possible that a Holder of a Claim or Interest may challenge the Debtors' classification of Claims or Interests and that the Bankruptcy Court may find that a different classification is required for the Combined Disclosure Statement and Plan to be confirmed. If such a situation develops, the Debtors intend, in accordance with the terms of the Combined Disclosure Statement and Plan, to make such permissible modifications to the Combined Disclosure Statement and Plan as may be necessary to permit its confirmation. Any such reclassification could adversely affect holders of Claims by changing the composition of one or more Classes and the vote required of such Class or Classes for approval of the Combined Disclosure Statement and Plan.

**EXCEPT AS SET FORTH IN THE COMBINED DISCLOSURE STATEMENT AND PLAN, UNLESS SUCH MODIFICATION OF CLASSIFICATION MATERIALLY ADVERSELY AFFECTS THE TREATMENT OF A HOLDER OF A CLAIM AND REQUIRES RE-SOLICITATION, ACCEPTANCE OF THE COMBINED DISCLOSURE STATEMENT AND PLAN BY ANY HOLDER OF A CLAIM PURSUANT TO THIS SOLICITATION WILL BE DEEMED TO BE A CONSENT TO THE COMBINED DISCLOSURE STATEMENT AND PLAN'S TREATMENT OF SUCH HOLDER OF A CLAIM REGARDLESS OF THE CLASS AS TO WHICH SUCH HOLDER ULTIMATELY IS DEEMED TO BE A MEMBER.**

The amount of any Impaired Claim that ultimately is Allowed by the Bankruptcy Court may vary from any estimated Allowed amount of such Claim and, accordingly, the total Claims that are ultimately Allowed by the Bankruptcy Court with respect to each Impaired Class of Claims may also vary from any estimates contained herein with respect to the aggregate Claims in any Impaired Class. Thus, the actual recovery ultimately received by a particular Holder of an Allowed Claim may be adversely or favorably affected by the aggregate amount of Claims Allowed in the applicable Class. Additionally, any changes to any of the assumptions underlying the estimated Allowed amounts could result in material adjustments to recovery estimates provided herein or the actual Distribution received by creditors. The projected recoveries are based on information available to the Debtors as of the date hereof and reflect the Debtors' views as of the date hereof only.

The classification of Claims and Interests and the nature of distributions to members of each Class are summarized herein. The Debtors believe that the consideration, if any, provided under the Combined Disclosure Statement and Plan to holders of Claims and Interests reflects an appropriate resolution of their Claims and Interests taking into account the differing nature and priority (including applicable contractual subordination) of such Claims and Interests. The Bankruptcy Court must find, however, that a number of statutory tests are met before it may confirm the Combined Disclosure Statement and Plan. Many of these tests are designed to protect the interests of holders of Claims or Interests who are not entitled to vote on the Combined Disclosure Statement and Plan, or do not vote to accept the Combined Disclosure Statement and Plan, but who will be bound by the provisions of the Combined Disclosure Statement and Plan if it is confirmed by the Bankruptcy Court.

**4.5 Unimpaired Claims and Impaired Claims or Interests**

Pursuant to the provisions of the Bankruptcy Code, only classes of claims or interests that are "impaired" (as defined in section 1124 of the Bankruptcy Code) under a plan may vote to accept or reject such plan. Generally, a claim or interest is impaired under a plan if the holder's legal, equitable, or contractual rights are changed under such plan. In addition, if the holders of claims or interests in an impaired class do not receive or retain any property under a plan on account of such claims or interests, such impaired class is deemed to have rejected such plan under section 1126(g) of the Bankruptcy Code and, therefore, such holders are not entitled to vote on such plan.

Under the Combined Disclosure Statement and Plan, Holders of Claims in Classes 3, 4 and 5 as of the Voting Record Date of June 6, 2025 are Impaired and are entitled to vote on the Combined Disclosure Statement and Plan. Under the Combined Disclosure Statement and Plan, Holders of Claims or Interests in Classes 6, 7, 8A and 8B are Impaired and will not receive or retain any property under the Combined Disclosure Statement and Plan on account of such Claims or Interests and, therefore, are not entitled to vote on the Combined Disclosure Statement and Plan and are deemed to reject the Combined Disclosure Statement and Plan.

Under the Combined Disclosure Statement and Plan, Holders of Claims in Classes 1 and 2 are Unimpaired and, therefore, not entitled to vote on the Combined Disclosure Statement and Plan and are deemed to accept the Combined Disclosure Statement and Plan.

**ACCORDINGLY, A BALLOT FOR ACCEPTANCE OR REJECTION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN IS BEING PROVIDED ONLY TO HOLDERS OF CLAIMS IN CLASSES 3, 4, and 5.**

**4.6 Confirmation Without Necessary Acceptances; Cramdown**

In the event that any impaired class of claims or interests does not accept a plan, a debtor nevertheless may move for confirmation of the Combined Disclosure Statement and Plan. A plan may be confirmed, even if it is not accepted by all impaired classes, if the Combined Disclosure Statement and Plan has been accepted by at least one impaired class of claims, and the Combined Disclosure Statement and Plan meets the "cramdown" requirements set forth in section 1129(b) of the Bankruptcy Code. Section 1129(b) of the Bankruptcy Code requires that a court find that a plan (a) "does not discriminate unfairly" and (b) is "fair and equitable," with respect to each non-accepting impaired class of claims or interests. Here, because Holders of Claims and Interests in Classes 6, 7, 8A and 8B are deemed to reject the Combined Disclosure Statement and Plan, the Debtors will seek confirmation of the Combined Disclosure Statement and Plan from the Bankruptcy Court by satisfying the "cramdown" requirements set forth in section 1129(b) of the Bankruptcy Code. The Debtors believe that such requirements are satisfied, as no Holder of a Claim or Interest junior to those in Classes 6, 7, 8A and 8B are entitled to receive any property under the Combined Disclosure Statement and Plan and no Holders of Claims in senior Classes are receiving more than payment in full with respect to their Allowed Claims.

A plan does not "discriminate unfairly" if (a) the legal rights of a nonaccepting class are treated in a manner that is consistent with the treatment of other classes whose legal rights are similar to those of the nonaccepting class and (b) no class receives payments in excess of what it is legally entitled to receive for its claims or interests. The Debtors believe that, under the Combined Disclosure Statement and Plan, all Impaired Classes of Claims or Interests are treated in a manner that is consistent with the treatment of other Classes of Claims or Interests that are similarly situated, if any, and no Class of Claims or Interests will receive payments or property with an aggregate value greater than the aggregate value of the Allowed Claims or Allowed Interests in such Class. Accordingly, the Debtors believe that the Combined Disclosure Statement and Plan does not discriminate unfairly as to any Impaired Class of Claims or Interests.

The Bankruptcy Code provides a nonexclusive definition of the phrase "fair and equitable." To determine whether a plan is "fair and equitable," the Bankruptcy Code establishes "cramdown" tests for secured creditors, unsecured creditors and equity holders, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* <u>Secured Creditors</u>. Either (i) each impaired secured creditor retains its liens securing its secured claim and receives on account of its secured claim deferred Cash payments having a present value equal to the amount of its allowed secured claim, (ii) each impaired secured creditor realizes the "indubitable equivalent" of its allowed secured claim or (iii) the property securing the claim is sold free and clear of liens with such liens to attach to the proceeds of the sale and the treatment of such liens on proceeds to be as provided in clause (i) or (ii) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* <u>Unsecured Creditors</u>. Either (i) each impaired unsecured creditor receives or retains under the Combined Disclosure Statement and Plan property of a value equal to the amount of its allowed claim or (ii) the holders of claims and interests that are junior to the claims of the dissenting class will not receive any property under the Combined Disclosure Statement and Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* <u>Interests</u>. Either (i) each holder of an equity interest will receive or retain under the Combined Disclosure Statement and Plan property of a value equal to the greatest of the fixed liquidation preference to which such holder is entitled, the fixed redemption price to which such holder is entitled or the value of the interest or (ii) the holder of an interest that is junior to the nonaccepting class will not receive or retain any property under the Combined Disclosure Statement and Plan.

As discussed above, the Debtors believe that the distributions provided under the Combined Disclosure Statement and Plan satisfy the absolute priority rule, where required.

**4.7 Feasibility**

Section 1129(a)(11) of the Bankruptcy Code requires that confirmation of a plan not be likely to be followed by the liquidation, or the need for further financial reorganization, of the Debtors or any successor to the Debtors (unless such liquidation or reorganization is proposed in the Combined Disclosure Statement and Plan). Inasmuch as the Assets have been, or will be, liquidated and the Combined Disclosure Statement and Plan provides for the Distribution of all of the Cash proceeds of the Assets to Holders of Claims that are Allowed in accordance with the Combined Disclosure Statement and Plan, for purposes of this test, the Debtors have analyzed the ability of the Liquidation Trustee to meet its obligations under the Combined Disclosure Statement and Plan. Based on the Debtors' analysis, the Liquidation Trustee will have sufficient assets to accomplish its tasks under the Combined Disclosure Statement and Plan. Specifically, the Excluded Cash (as defined in the Final DIP Order) will provide the Debtors with sufficient cash on hand to make any required distributions on the Effective Date. Included in the Excluded Cash is the Wind-Down Amount to facilitate the implementation of the Combined Disclosure Statement and Plan and an orderly wind-down of the estates. Except for Excluded Cash and the Excess Sale Proceeds, if any, in excess of the amounts owed to the Prepetition Super Priority Noteholders for their Allowed Prepetition Super Priority Notes Claims, the Debtors have no funds to make distributions to creditors under the Combined Disclosure Statement and Plan. The Debtors currently estimate that the Excluded Cash will be sufficient to fund amounts necessary to pay Allowed Administrative and Priority Claims as required for confirmation under the Bankruptcy Code.

Therefore, the Debtors believe that liquidation pursuant to the Combined Disclosure Statement and Plan and establishment of the Liquidation Trust will meet the feasibility requirements of the Bankruptcy Code.

**4.8 Best Interests Test and Liquidation Analysis**

Even if a plan is accepted by the holders of each class of claims and interests, the Bankruptcy Code requires the Bankruptcy Court to determine that such plan is in the best interests of all holders of claims or interests that are impaired by that plan and that have not accepted the Combined Disclosure Statement and Plan. The "best interests" test, as set forth in section 1129(a)(7) of the Bankruptcy Code, requires a court to find either that all members of an impaired class of claims or interests have accepted the Combined Disclosure Statement and Plan or that the Combined Disclosure Statement and Plan will provide a member who has not accepted the Combined Disclosure Statement and Plan with a recovery of property of a value, as of the effective date of the Combined Disclosure Statement and Plan, that is not less than the amount that such holder would recover if the debtor were liquidated under chapter 7 of the Bankruptcy Code. A liquidation analysis is attached hereto as **<u>Exhibit A</u>**.

To calculate the probable distribution to holders of each impaired class of claims and interests if a debtor were liquidated under chapter 7, a court must first determine the aggregate dollar amount that would be generated from a debtor's assets if its chapter 11 cases were converted to cases under chapter 7 of the Bankruptcy Code. To determine if a plan is in the best interests of each impaired class, the present value of the distributions from the proceeds of a liquidation of the debtor's unencumbered assets and properties, after subtracting the amounts attributable to the costs, expenses and administrative claims associated with a chapter 7 liquidation, must be compared with the value offered to such impaired classes under the Combined Disclosure Statement and Plan. If the hypothetical liquidation distribution to holders of claims or interests in any impaired class is greater than the distributions to be received by such parties under the Combined Disclosure Statement and Plan, then such plan is not in the best interests of the holders of claims or interests in such impaired class.

As set forth in the annexed liquidation analysis, because the Combined Disclosure Statement and Plan is a liquidating plan, the "liquidation value" in the hypothetical chapter 7 liquidation analysis for purposes of the "best interests" test is substantially similar to the estimates of the results of the chapter 11 liquidation contemplated by the Combined Disclosure Statement and Plan. However, the Debtors believe that in a chapter 7 liquidation, (i) no debtor-in-possession financing would be provided to fund the Debtors' Estates and pursue the Sale; (ii) no amounts would be paid under the Debtors' first day orders; (iii) Holders of Prepetition Super Priority Notes Claims may not receive the value greater than the value being provided under this Combined Disclosure Statement and Plan; (iv) without the Sale, no General Unsecured Claims would be assumed or otherwise paid pursuant to the Stalking Horse Agreement; and (v) there would be additional costs and expenses that the Estates would incur as a result of liquidating the Estates in a chapter 7 case.

The costs of liquidation under chapter 7 of the Bankruptcy Code would include the compensation of a trustee, as well as the costs of counsel and other professionals retained by the trustee. The Debtors believe such amount would exceed the amount of expenses that would be incurred in implementing the Combined Disclosure Statement and Plan and winding up the affairs of the Debtors and non-Debtors. Conversion also would likely delay the liquidation process and ultimate distribution of the Assets. The Estates would also be obligated to pay all unpaid expenses incurred by the Debtors during the Chapter 11 Cases (such as compensation for Professionals) that are allowed in the chapter 7 cases.

Moreover, in a chapter 7 case, distributions to Holders of Allowed Claims would be diminished because the Stalking Horse Agreement (or any higher or better bid for the Debtors' assets) would likely be terminated, as the conversion of the Chapter 11 Cases to a chapter 7 case is a termination event under the Stalking Horse Agreement and the Liquidation Trust would not be established to liquidate and distribute the Liquidation Trust Assets.

Accordingly, the Debtors believe that Holders of Allowed Claims would receive less than anticipated under the Combined Disclosure Statement and Plan if the Chapter 11 Cases were converted to chapter 7 cases, and therefore, the classification and treatment of Claims and Interests in the Combined Disclosure Statement and Plan complies with section 1129(a)(7) of the Bankruptcy Code.

**4.9 Acceptance of the Combined Disclosure Statement and Plan**

The rules and procedures governing eligibility to vote on the Combined Disclosure Statement and Plan, solicitation of votes, and submission of ballots are set forth in the Solicitation Procedures Order.

For the Combined Disclosure Statement and Plan to be accepted by an Impaired Class of Claims, a majority in number and two-thirds in dollar amount of the Claims voting in such Class must vote to accept the Combined Disclosure Statement and Plan. At least one Voting Class, excluding the votes of insiders, must actually vote to accept the Combined Disclosure Statement and Plan.

**IF YOU ARE ENTITLED TO VOTE ON THE COMBINED DISCLOSURE STATEMENT AND PLAN, YOU ARE URGED TO COMPLETE, DATE, SIGN, AND PROMPTLY SUBMIT THE BALLOT YOU RECEIVE ON OR BEFORE THE VOTING DEADLINE OF JULY 14, 2025. PLEASE BE SURE TO COMPLETE ALL BALLOT ITEMS PROPERLY AND LEGIBLY. IF YOU ARE A HOLDER OF A CLAIM ENTITLED TO VOTE ON THE COMBINED DISCLOSURE STATEMENT AND PLAN AND YOU DID NOT RECEIVE A BALLOT, YOU RECEIVED A DAMAGED BALLOT, OR YOU LOST YOUR BALLOT, OR IF YOU HAVE ANY QUESTIONS CONCERNING THE COMBINED DISCLOSURE STATEMENT AND PLAN OR PROCEDURES FOR VOTING ON THE COMBINED DISCLOSURE STATEMENT AND PLAN, PLEASE CONTACT THE SOLICITATION AND CLAIMS AGENT (I) BY TELEPHONE AT: 866-365-1526 (U.S. AND CANADA TOLL FREE), OR 949-247-7489 (OUTSIDE THE U.S.) OR (II) BY EMAIL AT:** <u>TEAMACCELERATE@STRETTO.COM</u> **(WITH "ACCELERATE DIAGNOSTICS SOLICITATION INQUIRY" IN THE SUBJECT LINE). THE SOLICITATION AND CLAIMS AGENT IS NOT AUTHORIZED TO, AND WILL NOT, PROVIDE LEGAL ADVICE.**

**HOLDERS OF CLAIMS IN IMPAIRED VOTING CLASSES WHO DO NOT WISH TO PROVIDE THE RELEASES SET FORTH IN SECTION 14.1(c) HEREIN MUST AFFIRMATIVELY INDICATE SO BY CHECKING THE "OPT-OUT" BOX ON THEIR BALLOT OR OBJECTING TO THE RELEASES ON OR BEFORE THE DEADLINE TO OBJECT TO CONFIRMATION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN.**

**PLEASE BE ADVISED THAT ALL HOLDERS OF CLAIMS IN IMPAIRED VOTING CLASSES THAT DO NOT ELECT TO OPT-OUT OF THE RELEASES SHALL BE DEEMED TO HAVE CONSENTED TO THE RELEASES SET FORTH IN SECTION 14.1(c).**

**Article V<u><br> CERTAIN RISK FACTORS TO BE CONSIDERED PRIOR TO VOTING</u>**

THE COMBINED DISCLOSURE STATEMENT AND PLAN AND ITS IMPLEMENTATION ARE SUBJECT TO CERTAIN RISKS, INCLUDING, BUT NOT LIMITED TO, THE RISK FACTORS SET FORTH BELOW. HOLDERS OF CLAIMS WHO ARE ENTITLED TO VOTE ON THE COMBINED DISCLOSURE STATEMENT AND PLAN SHOULD READ AND CAREFULLY CONSIDER THE RISK FACTORS, AS WELL AS THE OTHER INFORMATION SET FORTH IN THE COMBINED DISCLOSURE STATEMENT AND PLAN AND THE DOCUMENTS DELIVERED TOGETHER HEREWITH OR REFERRED TO OR INCORPORATED BY REFERENCE HEREIN, BEFORE DECIDING WHETHER TO VOTE TO ACCEPT OR REJECT THE COMBINED DISCLOSURE STATEMENT AND PLAN. THESE FACTORS SHOULD NOT, HOWEVER, BE REGARDED AS CONSTITUTING THE ONLY RISKS INVOLVED IN CONNECTION WITH THE COMBINED DISCLOSURE STATEMENT AND PLAN AND ITS IMPLEMENTATION.

**5.1 The Combined Disclosure Statement and Plan May Not Be Accepted**

The Debtors can make no assurances that the requisite acceptances to the Combined Disclosure Statement and Plan will be received, and the Debtors may need to obtain acceptances to an alternative plan for the Debtors, or otherwise, that may not have the support of the creditors and/or may be required to liquidate the Estates under chapter 7 of the Bankruptcy Code. There can be no assurance that the terms of any such alternative restructuring arrangement or plan would be similar to or as favorable to creditors as those proposed in the Combined Disclosure Statement and Plan.

**5.2 The Combined Disclosure Statement and Plan May Not Be Confirmed**

Even if the Debtors receive the requisite acceptances, there is no assurance that the Bankruptcy Court, which may exercise substantial discretion as a court of equity, will confirm the Combined Disclosure Statement and Plan. Even if the Bankruptcy Court determined that the Combined Disclosure Statement and Plan and the balloting procedures and results were appropriate, the Bankruptcy Court could still decline to confirm the Combined Disclosure Statement and Plan if it finds that any of the statutory requirements for confirmation had not been met. Moreover, there can be no assurance that modifications to the Combined Disclosure Statement and Plan will not be required for Confirmation or that such modifications would not necessitate the re-solicitation of votes. If the Combined Disclosure Statement and Plan is not confirmed, it is unclear what distributions Holders of Claims or Interests ultimately would receive with respect to their Claims or Interests in a subsequent plan.

If the Combined Disclosure Statement and Plan is not confirmed, the Combined Disclosure Statement and Plan will need to be revised, and it is unclear whether a chapter 11 reorganization or liquidation of the Debtors' assets could be implemented and what distribution the holders of Allowed Claims would receive. If an alternative could not be agreed to, it is possible that the Debtors would have to liquidate their remaining assets in chapter 7, in which case it is likely that the holders of Allowed Claims would receive substantially less favorable treatment than they would receive under the Combined Disclosure Statement and Plan. There can be no assurance that the terms of any such alternative would be similar to or as favorable to the Debtors' creditors as those proposed in the Combined Disclosure Statement and Plan.

**5.3 Distributions to Holders of Allowed Claims Under the Combined Disclosure Statement and Plan May Be Inconsistent with Projections**

Projected Distributions are based upon good faith estimates of the total amount of Claims ultimately Allowed and the funds available for Distribution. There can be no assurance that the estimated Claim amounts set forth in this Combined Disclosure Statement and Plan are correct. These estimated amounts are based on certain assumptions with respect to a variety of factors. Both the actual amount of Allowed Claims in a particular Class and the funds available for distribution to such Class may differ from the Debtors' estimates. If the total amount of Allowed Claims in a Class is higher than the Debtors' estimates, or the funds available for distribution to such Class are lower than the Debtors' estimates, the percentage recovery to Holders of Allowed Claims in such Class will be less than projected.

**5.4 Objections to Classification of Claims**

Section 1122 of the Bankruptcy Code requires that the Combined Disclosure Statement and Plan classify Claims and Interests. The Bankruptcy Code also provides that the Combined Disclosure Statement and Plan may place a Claim or Interest in a particular Class only if such Claim or Interest is substantially similar to the other Claims or Interests in such Class. The Debtors believe that all Claims and Interests have been appropriately classified in the Combined Disclosure Statement and Plan. To the extent that the Bankruptcy Court finds that a different classification is required for the Combined Disclosure Statement and Plan to be confirmed, the Debtors would seek to (i) modify the Combined Disclosure Statement and Plan to provide for whatever classification might be required for Confirmation and (ii) use the acceptances received from any Holder of Claims pursuant to this solicitation for the purpose of obtaining the approval of the Class or Classes of which such Holder ultimately is deemed to be a member. Any such reclassification of Claims, although subject to the notice and hearing requirements of the Bankruptcy Code, could adversely affect the Class in which such Holder was initially a member, or any other Class under the Combined Disclosure Statement and Plan, by changing the composition of such Class and the vote required for approval of the Combined Disclosure Statement and Plan. There can be no assurance that the Bankruptcy Court, after finding that a classification was inappropriate and requiring a reclassification, would approve the Combined Disclosure Statement and Plan based upon such reclassification. Except to the extent that modification of classification in the Combined Disclosure Statement and Plan requires re-solicitation, the Debtors will, in accordance with the Bankruptcy Code and the Bankruptcy Rules, seek a determination by the Bankruptcy Court that acceptance of the Combined Disclosure Statement and Plan by any Holder of Claims pursuant to this solicitation will constitute a consent to the Combined Disclosure Statement and Plan's treatment of such Holder, regardless of the Class as to which such Holder is ultimately deemed to be a member. The Debtors believe that under the Bankruptcy Rules, they would be required to resolicit votes for or against the Combined Disclosure Statement and Plan only when a modification adversely affects the treatment of the Claim or Interest of any Holder.

The Bankruptcy Code also requires that the Combined Disclosure Statement and Plan provide the same treatment for each Claim or Interest of a particular Class unless the Holder of a particular Claim or Interest agrees to a less favorable treatment of its Claim or Interest. The Debtors believe that the Combined Disclosure Statement and Plan complies with the requirement of equal treatment. To the extent that the Bankruptcy Court finds that the Combined Disclosure Statement and Plan does not satisfy such requirement, the Bankruptcy Court could deny confirmation of the Combined Disclosure Statement and Plan. Issues or disputes relating to classification and/or treatment could result in a delay in the confirmation and consummation of the Combined Disclosure Statement and Plan and could increase the risk that the Combined Disclosure Statement and Plan will not be consummated.

**5.5 Failure to Consummate the Combined Disclosure Statement and Plan**

The Combined Disclosure Statement and Plan provides for certain conditions that must be satisfied (or waived) prior to the Confirmation Date and for certain other conditions that must be satisfied (or waived) prior to the Effective Date. As of the date of the Combined Disclosure Statement and Plan, there can be no assurance that any or all of the conditions in the Combined Disclosure Statement and Plan will be satisfied (or waived). Accordingly, there can be no assurance that the Combined Disclosure Statement and Plan will be confirmed by the Bankruptcy Court. Further, if the Combined Disclosure Statement and Plan is confirmed, there can be no assurance that the Combined Disclosure Statement and Plan will be consummated.

**5.6 Plan Releases May Not Be Approved**

There can be no assurance that the releases, as provided in Article XIV of the Combined Disclosure Statement and Plan, will be granted. Failure of the Bankruptcy Court to grant such relief may result in a plan of liquidation that differs from the Combined Disclosure Statement and Plan or the Combined Disclosure Statement and Plan not being confirmed.

**5.7 Reductions to Estimated Creditor Recoveries**

The Allowed amount of Claims in any Class could be greater than projected, which, in turn, could cause the amount of distributions to creditors in such Class to be reduced substantially. The results of the Sale Process and the amount of Cash realized from the liquidation of the Debtors' remaining Assets could be less than anticipated, which could cause the amount of distributions to creditors to be reduced substantially.

**5.8 Sale Fails to Close**

The Sale to the Successful Bidder fails to close resulting in no or different Sale Consideration to implement the Combined Disclosure Statement and Plan and make Distributions to Holders of Allowed Claims.

**5.9 Certain Tax Considerations**

There are a number of material income tax considerations, risks, and uncertainties associated with the Combined Disclosure Statement and Plan. Holders of Allowed Claims should carefully review the discussion of certain United States federal income tax consequences in Section 9.12 of this Combined Disclosure Statement and Plan, entitled "Certain United States Federal Income Tax Considerations."

**THE U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE COMBINED DISCLOSURE STATEMENT AND PLAN ARE COMPLEX. NOTHING HEREIN SHALL CONSTITUTE TAX ADVICE. THE TAX CONSEQUENCES ARE IN MANY CASES UNCERTAIN AND MAY VARY DEPENDING ON A HOLDER'S PARTICULAR CIRCUMSTANCES. ACCORDINGLY, HOLDERS ARE URGED TO CONSULT THEIR TAX ADVISORS ABOUT THE UNITED STATES FEDERAL, STATE AND LOCAL, AND APPLICABLE FOREIGN INCOME AND OTHER TAX CONSEQUENCES OF THE COMBINED DISCLOSURE STATEMENT AND PLAN.**

**Article VI<u><br> TREATMENT OF UNCLASSIFIED CLAIMS</u>**

**6.1 Administrative Claims**. Except as otherwise set forth in this Article VI, on the Effective Date, or as soon as reasonably practicable after an Administrative Claim becomes Allowed, each Holder of an Allowed Administrative Claim shall receive in settlement and release of and in exchange for such Allowed Administrative Claim: (i) Cash equal to the amount of such Allowed Administrative Claim; or (ii) such other treatment as to which the Debtors or the Liquidation Trustee, as applicable, and the Holder of such Allowed Administrative Claim shall have agreed upon in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* **Administrative Claim Bar Date**. Holders of Administrative Claims, other than: (i) Professional Fee Claims; (ii) an Administrative Claim that has been Allowed on or before the Effective Date; (iii) a 503(b)(9) Claim; (iv) any Claim, to the extent not previously paid, for the reasonable and documented out-of-pocket fees, expenses, costs and other charges incurred by the Initial DIP Lender, the Debtors' payment of which is provided for in the Final DIP Order and this Combined Disclosure Statement and Plan, which Claim shall be Allowed on the Effective Date; (v) an Administrative Claim for an expense or liability incurred prior to the Effective Date in the ordinary course of business; (vi) an Administrative Claim on account of fees and expenses incurred on or after the Petition Date but before the Effective Date by ordinary course professionals retained by the Debtors pursuant to an order of the Bankruptcy Court; (vii) an Administrative Claim arising, in the ordinary course of business, out of the employment by one or more Debtors of an individual from and after the Petition Date but before the Effective Date, but only to the extent that such Administrative Claim is solely for outstanding wages, commissions, accrued benefits, or reimbursement of business expenses; (viii) U.S. Trustee Fees; or (ix) an Intercompany Claim**,** shall file with the Bankruptcy Court and serve on the Debtors, the Liquidation Trustee, the Claims Agent and the U.S. Trustee requests for payment, in writing, together with supporting documents, substantially complying with the Bankruptcy Code and the Bankruptcy Rules, so as to actually be received on or before the Administrative Claim Bar Date. The Effective Date Notice shall set forth the Administrative Claim Bar Date and shall constitute notice of such Bar Date. Absent further Court order, any Administrative Claim not filed by the Administrative Claim Bar Date shall be deemed waived and the Holder of such Administrative Claim shall be forever barred from receiving payment on account thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* **Objections by the Liquidation Trustee**. Objections to requests for payment of Administrative Claims, other than requests for payment of Professional Fee Claims, must be Filed and served on the requesting party by the Claims Objection Deadline.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* **Professional Fee Claims**. All applications for allowance and payment of Professional Fee Claims shall be Filed on or before the Professional Fee Claims Bar Date. If an application for a Professional Fee Claim is not Filed by the Professional Fee Claims Bar Date, such Professional Fee Claim shall be deemed waived and the Holder of such Claim shall be forever barred from receiving payment on account thereof. The Effective Date Notice shall set forth the Professional Fee Claims Bar Date and shall constitute notice of such Professional Fee Claim Bar Date. Objections to any Professional Fee Claims must be Filed and served on the Liquidation Trustee and the requesting party by no later than twenty-one (21) days after service of the applicable final application for allowance and payment of Professional Fee Claims. Allowed Professional Fee Claims shall be paid in full, in Cash, in such amounts as are Allowed by the Bankruptcy Court upon the earlier of (i) the Effective Date or (ii) the date upon which an order relating to any such Allowed Professional Fee Claim is entered, and in each case, as soon as reasonably practicable. Unless required to file an application by the OCP Order, ordinary course professionals are not required to file a Professional Fee Claim. No later than five (5) days before the anticipated Effective Date, Professionals shall provide a good faith estimate of their Professional Fee Claims projected to be outstanding as of the Effective Date and shall deliver such estimate to the Debtors. Such estimate shall not be considered an admission or limitation with respect to the fees and expenses of such Professional and such Professionals are not bound to any extent by the estimates. If a Professional does not provide an estimate, the Debtors may estimate the unbilled fees and expenses of such Professional. Subject to the Approved Budget, total amount so estimated shall be utilized by the Debtors to determine the amount to be funded to the Professional Fee Reserve Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)* **Source of Payment**. Unless otherwise paid in the ordinary course of business, all Allowed Administrative Claims and U.S. Trustee Fees shall be paid solely from the Excluded Cash or Liquidation Trust Assets. With respect to Professional Fee Claims, on or prior to the Effective Date, the Debtors shall establish and fund the Professional Fee Reserve Account with Cash equal to the Professional Fee Reserve Amount and transfer custody of the Professional Fee Reserve Account to the Liquidation Trust. The Professional Fee Reserve Account shall be maintained in trust for the Professionals (other than professionals retained pursuant to the OCP Order). Each Holder of an Allowed Professional Fee Claim shall be paid by the Debtors or the Liquidation Trust in Cash from the Professional Fee Reserve Account. All amounts remaining in the Professional Fee Reserve Account after all Allowed Professional Fee Claims have been paid in full shall be distributed first to the DIP Agent for the benefit of the DIP Lenders on account of the applicable DIP Obligations until Paid in Full, thereafter to the Prepetition Super Priority Noteholders, until the Prepetition Super Priority Notes Claims are Paid in Full, thereafter to the Holders of Allowed Convertible Notes Roll Up Loans Claims, until the Convertible Notes Roll Up Loans Claims are Paid in Full, and thereafter to the Prepetition Convertible Noteholders, until the Prepetition Convertible Notes Claims are paid in full, with any excess vesting in the Liquidation Trust. Neither the Debtors' nor the Liquidation Trust's obligations to pay Professional Fee Claims shall be limited nor be deemed limited to funds held in the Professional Fee Reserve Account. If the Professional Fee Reserve Account is insufficient to pay the full amount of all Allowed Professional Fee Claims, any remaining unpaid Allowed Professional Fee Claims may be promptly paid by the Liquidation Trustee from the Liquidation Trust Assets but shall not in any case be payable by the Successful Bidder. Funds held in the Professional Fee Reserve Account shall not be considered Liquidation Trust Assets or otherwise property of the Liquidation Trust, the Debtors, or their Estates. The Professional Fee Reserve Account shall be treated as a trust account for the benefit of Holders of Professional Fee Claims and for no other parties until all Allowed Professional Fee Claims have been paid in full in Cash. No other liens, claims, or interests shall encumber the Professional Fee Reserve Account or Cash held in the Professional Fee Reserve Account in any way; *provided*, that to the extent funds in the Professional Fee Reserve Account remain after all Allowed Professional Fee Claims have been paid in full the liens, claims, and interests of the DIP Lenders, the Prepetition Super Priority Noteholders, and the Prepetition Convertible Noteholders (as applicable) shall continue to encumber such amounts.

**6.2 DIP Loan Claims**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* **New Money DIP Loan Claims**. In the event the Stalking Horse Bidder is the Successful Bidder, in exchange for, each Allowed New Money DIP Loan Claim, the New Money DIP Loan Claims shall be satisfied in full, and reduced to zero on a dollar-for-dollar basis, pursuant to the Credit Bid Transaction as of the consummation of the Sale.

In the event that the Successful Alternate Bidder is the Successful Bidder, in exchange for, each Allowed New Money DIP Loan Claim, the New Money DIP Loan Claims shall be Paid in Full in Cash from the Sale Cash Consideration as of the consummation of the Sale.

In both instances, as of the consummation of the Sale, the Debtors shall have no further obligation to the DIP Lenders or any other party with respect to the New Money DIP Loan Claims. Pursuant to the Sale Order, all liens and security interests granted to secure the Allowed New Money DIP Loan Claims shall be terminated and of no further force and effect without any further notice to or action, order, or approval of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* **Convertible Notes Roll Up Loan Claims.** In the event that the Successful Alternate Bidder is the Successful Bidder, in exchange for each Allowed Convertible Notes Roll Up Loan Claim, the Convertible Notes Roll Up Loan Claims shall be Paid in Full in Cash from the Sale Cash Consideration as of the consummation of the sale in accordance with the terms of the Final DIP Order and only after (i) all New Money DIP Loan Claims have been Paid in Full in Cash and (ii) all Prepetition Super Priority Notes Claims have been Paid in Full in Cash.

In the event that (i) the Stalking Horse Bidder is the Successful Bidder and to the extent the Convertible Notes Roll Up Loan Claims are not credit bid pursuant to the Credit Bid Transaction or (ii) the Successful Alternate Bidder is the Successful Bidder and the Convertible Notes Roll Up Loan Claims are not Paid in Full in Cash from the Sale Cash Consideration, each Holder of an Allowed Convertible Notes Roll Up Loan Claim shall receive in exchange for such Allowed Convertible Notes Roll Up Loan Claims: (i) Cash equal to the amount of such Allowed Convertible Notes Roll Up Loan Claim; or (ii) such other treatment as to which the Debtors or the Liquidation Trustee, as applicable, and the Holder of Convertible Notes Roll Up Loan Claim holding a majority of the Convertible Note Roll-Up Loans in their sole discretion shall have agreed upon in writing and pursuant to and in accordance with the terms of the Final DIP Order and, for the avoidance of doubt, such treatment agreed to by the Holder of Convertible Notes Roll Up Loan Claim holding a majority of the Convertible Note Roll-Up Loans shall be binding as to each Holder of a Convertible Notes Roll Up Loan Claim.

For the avoidance of doubt, and notwithstanding anything to the contrary herein, any requests for payment or reimbursement of expenses issued by a professional pursuant to the Final DIP Order are not required to be Filed or served, and shall not be subject to review, other than as contemplated by the Final DIP Order.

**6.3 Tax Claims**. Within the time period provided in Article X of the Combined Disclosure Statement and Plan, each Holder of an Allowed Priority Tax Claim shall receive in exchange for such Allowed Priority Tax Claim: (i) Cash equal to the amount of such Allowed Priority Tax Claim; or (ii) such other treatment as to which the Debtors or the Liquidation Trustee, as applicable, and the Holder of such Allowed Priority Tax Claim shall have agreed upon in writing.

**Article VII<u><br> TREATMENT OF CLASSIFIED CLAIMS AND INTERESTS</u>**

All Claims and Interests are classified in the Classes set forth below in accordance with sections 1122 and 1123(a)(1) of the Bankruptcy Code. A Claim or an Interest is classified in a particular Class only to the extent that the Claim or Interest qualifies within the description of that Class and is classified in other Classes to the extent that any portion of the Claim or Interest qualifies within the description of such other Classes. A Claim or an Interest is classified in a particular Class for the purpose of receiving distributions under the Combined Disclosure Statement and Plan only to the extent that such Claim or Interest is an Allowed Claim or Interest in that Class and has not been paid, released, or otherwise satisfied prior to the Effective Date.

Unless the Holder of an Allowed Claim and the Debtors or the Liquidation Trustee, as applicable, agree to a different treatment, each Holder of an Allowed Claim shall receive the following Distributions in accordance with Article X of the Combined Disclosure Statement and Plan:

**7.1 Class 1: Priority Non-Tax Claims**

*Classification:* Class 1 consists of Allowed Priority Non-Tax Claims.

*Treatment*: Except to the extent that a Holder of an Priority Non-Tax Claim against any of the Debtors has agreed to less favorable treatment of such Claim, each such holder shall receive, in exchange for such Claim, Cash in an amount equal to such Claim, payable on the later of (i) forty five (45) calendar days after the Effective Date (or as soon as reasonably practicable thereafter) and (ii) the first Business Day after thirty (30) days from the date on which such Claim becomes an Allowed Priority Non-Tax Claim, or as soon as reasonably practical thereafter.

*Voting*: Class 1 is Unimpaired, and the holders of Priority Non-Tax Claims are conclusively presumed to have accepted the Combined Disclosure Statement and Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, holders of Priority Non-Tax Claims are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan, and the votes of such holders will not be solicited with respect to Priority Non-Tax Claims.

**7.2 Class 2: Other Secured Claims**

*Classification:* Class 2 consists of Other Secured Claims.

*Treatment:* Except to the extent that a holder of an Allowed Other Secured Claim against any of the Debtors has agreed to less favorable treatment of such Claim, each such holder shall receive, at the option of the Debtors or the Liquidation Trustee, (i) payment in full in Cash in exchange for such Claim, payable on the later of (A) forty five (45) calendar days after the Effective Date (or as soon as reasonably practicable thereafter) and (B) the first Business Day after thirty (30) days from the date on which such Other Secured Claim becomes an Allowed Other Secured Claim, or as soon as reasonably practical thereafter, (ii) delivery of the collateral securing such Allowed Other Secured Claim and payment of any interest required under section 506(b) of the Bankruptcy Code, or (iii) such other treatment necessary to satisfy section 1129 of the Bankruptcy Code.

*Voting:* Class 2 is Unimpaired, and the holders of Other Secured Claims are conclusively presumed to have accepted the Combined Disclosure Statement and Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, holders of Other Secured Claims are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan, and the votes of such holders will not be solicited with respect to Other Secured Claims.

**7.3 Class 3: Prepetition Super Priority Notes Claims**

*Classification:* Class 3 consists of Prepetition Super Priority Notes Claims.

*Treatment:* Unless the applicable Holder of a Class 3 Prepetition Super Priority Notes Claim agrees to less favorable treatment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* In the event that Stalking Horse Bidder is the Successful Bidder, each Holder of Prepetition Super Priority Notes Claims shall have their Claims reduced on a dollar-for-dollar basis by their Credit Bid Amount; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* In the event the Successful Alternate Bidder is the Successful Bidder, to the extent not already Paid in Full in Cash upon the closing of a Sale, each Holder of Prepetition Super Priority Notes Claims shall be entitled to all proceeds of an Alternative Sale Transaction until such Prepetition Super Priority Notes Claims are Paid in Full in Cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* In addition, to the extent not otherwise paid in full, all outstanding fees and expenses of the Prepetition Super Priority Notes Trustee shall be paid in full in Cash on the Effective Date.

*Voting*: Class 3 is Impaired and each holder of a Prepetition Super Priority Notes Claim is entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**7.4 Class 4: Prepetition Convertible Notes Claims**

*Classification*: Class 4 consists of Prepetition Convertible Notes Claims.

*Treatment*: After Holders of Allowed Prepetition Super Priority Notes Claims in Class 3 are Paid in Full, in the event the Successful Alternate Bidder is the Successful Bidder, each Holder of Prepetition Convertible Notes Claims shall be entitled to the proceeds of an Alternative Sale Transaction until such Allowed Prepetition Convertible Notes Claim are Paid in Full in Cash. To the extent any Allowed Prepetition Convertible Notes Claims are not paid in full in Cash at closing of the Sale or on or prior to the Effective Date, such Allowed Prepetition Convertible Notes Claims shall receive their Pro Rata Share of the Liquidation Trust Assets, to the extent applicable.

In addition, to the extent not otherwise paid in full, all outstanding fees and expenses of the Prepetition Convertible Notes Trustee shall be paid in full in Cash on the Effective Date.

*Voting*: Class 4 is Impaired, and the holders of Prepetition Convertible Notes Claims are entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**7.5 Class 5: General Unsecured Claims**

*Classification*: Class 5 consists of General Unsecured Claims.

*Treatment*: Holders of Allowed General Unsecured Claims shall receive their Pro Rata Share of the Liquidation Trust Assets, to the extent applicable. At this time, if the Sale Process results in the consummation of the Stalking Horse Bid as currently contemplated, there will not be any recovery available to holders of Claims in Class 5, as the Stalking Horse Bid contemplates the purchase of all of the Debtors' assets for the Credit Bid Amount. This Stalking Horse Purchaser is purchasing all Causes of Action of the Debtors. The recovery of the estimated Allowed amounts in Class 5 could be changed by, among other things, the results of the Sale Process, but only in the event that a Sale closes with a cash Purchase Price (as defined in the Bidding Procedures) of at least approximately $113 million.

*Voting*: Class 5 is Impaired, and the holders of General Unsecured Claims are entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**7.6 Class 6: Existing Securities Law Claims**

*Classification*: Class 6 consists of Existing Securities Law Claims.

*Treatment*: Holders of Existing Securities Law Claims shall not receive or retain any distribution under the Combined Disclosure Statement and Plan on account of such Existing Securities Law Claims.

*Voting*: Class 7 is Impaired, and the holders of Existing Securities Law Claims are conclusively deemed to have rejected the Combined Disclosure Statement and Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, the holders of Existing Securities Law Claims are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan, and the votes of such holders will not be solicited with respect to such Claims.

**7.7 Class 7: Interests**

*Classification*: Class 7 consists of Interests in the Debtors.

*Treatment*: On or after the Effective Date, all Interests shall be extinguished, cancelled and released on the Effective Date and Holders of such Interests shall not receive any distribution on account of such Interests.

*Voting*: Class 8 is Impaired, and the holders of such Interests are conclusively deemed to have rejected the Combined Disclosure Statement and Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, the holders of such Interests are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan, and the votes of such holders will not be solicited with respect to such Interests.

**7.8 Class 8A and Class 8B: Intercompany Claims and Intercompany Interests**

*Classification*: Classes 8A and 8B consist of Intercompany Claims against and Intercompany Interests in the Debtors.

*Treatment*: On or after the Effective Date, all Allowed Intercompany Claims and Intercompany Interests shall be adjusted, continued, settled, reinstated, discharged, or eliminated, in each case to the extent determined to be appropriate by the Debtors or the Liquidation Trustee (as applicable), with the prior consent of the DIP Lenders.

*Voting*: Classes 8A and 8B are Impaired, and the holders of Intercompany Claims and Intercompany Interests are conclusively deemed to have rejected the Combined Disclosure Statement and Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, the holders of Intercompany Claims and Intercompany Interests are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan, and the votes of such holders will not be solicited with respect to such Claims or Interests.

*Reservation of Rights Regarding Claims and Interests*. Except as otherwise explicitly provided in the Combined Disclosure Statement and Plan, nothing shall affect the Debtors' rights and defenses, both legal and equitable, with respect to any Claims or Interests, including, but not limited to, all rights with respect to legal and equitable defenses to alleged rights of setoff or recoupment.

**Article VIII<u><br> ACCEPTANCE OR REJECTION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN</u>**

**8.1 Class Entitled to Vote**. Because Claims in Classes 3, 4, and 5 are Impaired and Holders thereof may be entitled to receive or retain property or an interest in property under the Combined Disclosure Statement and Plan, only Holders of Claims in Classes 3, 4, and 5 shall be entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**8.2 Acceptance by Impaired Classes of Claims or Interests**. In accordance with section 1126(c) of the Bankruptcy Code, and except as provided in 1126(e) of the Bankruptcy Code, an Impaired Class of Claims shall have accepted the Combined Disclosure Statement and Plan if the Combined Disclosure Statement and Plan is accepted by the Holders of at least two-thirds (2/3) in dollar amount and more than one-half (1/2) in number of the Allowed Claims in such Class that have timely and properly voted to accept or reject the Combined Disclosure Statement and Plan. In accordance with section 1126(d) of the Bankruptcy Code and except as provided in section 1126(e) of the Bankruptcy Code, an Impaired Class of Interests shall have accepted the Combined Disclosure Statement and Plan if such Combined Disclosure Statement and Plan is accepted by Holders of at least two-thirds (2/3) in amount of the Allowed Interests in such Class that have timely and properly voted to accept or reject the Combined Disclosure Statement and Plan.

**8.3 Deemed Acceptance by Unimpaired Classes**. Because Claims in Classes 1 and 2 are Unimpaired pursuant to section 1126(f) of the Bankruptcy Code, Holders of Claims in Classes 1 and 2 are deemed to have accepted the Combined Disclosure Statement and Plan and, therefore, such Holders of Claims are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**8.4 Presumed Rejections by Impaired Classes**. Because Holders of Claims or Interests in Classes 6, 7, 8A and 8B are not entitled to receive or retain any property under the Combined Disclosure Statement and Plan, pursuant to section 1126(g) of the Bankruptcy Code, such Holders of Claims or Interests are presumed to have rejected the Combined Disclosure Statement and Plan and are not entitled to vote to accept or reject the Combined Disclosure Statement and Plan.

**8.5 Confirmation Pursuant to Section 1129(b) of the Bankruptcy Code**. To the extent that any Impaired Class rejects the Combined Disclosure Statement and Plan or is deemed to have rejected the Combined Disclosure Statement and Plan, the Debtors reserve the right to request confirmation of the Combined Disclosure Statement and Plan, as it may be modified from time to time, under section 1129(b) of the Bankruptcy Code. The Debtors reserve the right to alter, amend, modify, revoke, or withdraw the Combined Disclosure Statement and Plan, the documents submitted in support thereof or any schedule or exhibit, including to amend or modify such documents to satisfy the requirements of section 1129(b) of the Bankruptcy Code, if necessary.

**8.6 Controversy Concerning Impairment**. If a controversy arises as to whether any Claim or Interest is Impaired under the Combined Disclosure Statement and Plan, the Bankruptcy Court shall, after notice and a hearing, determine such controversy on or before the Confirmation Date.

**8.7 Elimination of Vacant Classes**. Any Class of Claims or Interests that does not contain, as of the date of the commencement of the Confirmation Hearing, a Holder of an Allowed Claim or Interest, or a Holder of a Claim temporarily allowed under Bankruptcy Rule 3018, shall be deemed deleted from the Combined Disclosure Statement and Plan for all purposes, including for purposes of determining acceptance of the Combined Disclosure Statement and Plan by such Class under section 1129(a)(8) of the Bankruptcy Code.

**Article IX<u><br> IMPLEMENTATION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN AND THE LIQUIDATING TRUST</u>**

**9.1 Implementation of the Combined Disclosure Statement and Plan**. The Combined Disclosure Statement and Plan will be implemented by, among other things, the consummation of the Sale, the establishment of the Liquidation Trust, the vesting in and transfer to the Liquidation Trust of the Liquidation Trust Assets, and the making of Distributions by the Liquidation Trust in accordance with the Combined Disclosure Statement and Plan, and the Liquidation Trust Agreement**.**

**9.2 No Substantive Consolidation**. The Combined Disclosure Statement and Plan is a joint plan that does not provide for substantive consolidation of the Debtors' Estates, and on the Effective Date, the Debtors' Estates shall not be deemed to be substantively consolidated for purposes hereof. Except as specifically set forth herein, nothing in this Combined Disclosure Statement and Plan shall constitute or be deemed to constitute an admission that any one of the Debtors is subject to or liable for any claim against any other Debtor. Notwithstanding the foregoing, solely for Distribution purposes, holders of Allowed Claims shall be entitled to a single Claim with respect to any particular debt owed.

**9.3 Combined Disclosure Statement and Plan Funding**. Distributions under the Combined Disclosure Statement and Plan shall be funded from Excluded Cash, Excess Sale Proceeds and the proceeds of other Liquidation Trust Assets, if any.

**9.4 Debtors' Directors and Officers**. On the Effective Date, each of the Debtors' directors and officers shall be terminated automatically without the need for any corporate action or approval and without the need for any corporate filings, and shall have no continuing obligations to the Debtors following the occurrence of the Effective Date. From and after the Effective Date, the Liquidation Trustee shall be deemed to be the sole officer and director of each Debtor (and all charters, bylaws, and other corporate documents are deemed amended by this Combined Disclosure Statement and Plan to permit and authorize such admission and appointment), and the Liquidation Trustee shall serve in such capacity through the earlier of the date the applicable Debtor is dissolved in accordance with this Combined Disclosure Statement and Plan and the Liquidation Trust Agreement and the date that such Liquidation Trustee resigns, is terminated, or is otherwise unable to serve, <u>provided</u> that any successor Liquidation Trustee shall serve in such capacities after the effective date of such appointment as the Liquidation Trustee.

**9.5 D&O Policy**. As of the Effective Date, the Debtors shall be deemed to have assumed all of the D&O Policies pursuant to sections 105(a) and 365(a) of the Bankruptcy Code, and coverage for defense and indemnity under any of the D&O Policies shall remain in full force and effect subject to the terms and conditions of the D&O Policies. Entry of the Confirmation Order will constitute the Bankruptcy Court's approval of the Debtors' foregoing assumption of each D&O Policy. Notwithstanding anything to the contrary contained in the Combined Disclosure Statement and Plan, and except as otherwise may be provided in an order of the Bankruptcy Court, confirmation of the Combined Disclosure Statement and Plan shall not impair or otherwise modify any obligations assumed by the foregoing assumption of the D&O Policies, and each such obligation will be deemed and treated as an executory contract that has been assumed by the Debtors under the Combined Disclosure Statement and Plan as to which no Proof of Claim need be filed. For the avoidance of doubt, the D&O Policies provide coverage for those insureds currently covered by such policies for the remaining term of such policies and runoff or tail coverage after the Effective Date to the fullest extent permitted by such policies. On and after the Effective Date, the Debtors, the Wind-Down Estates, or the Liquidation Trustee shall not terminate or otherwise reduce the coverage under any of the D&O Policies in effect or purchased as of the Petition Date. The D&O Policies shall constitute Liquidation Trust Assets, <u>provided</u> that, for the avoidance of doubt, the D&O Policies shall maintain coverage for those insureds currently covered by such policies for the remaining term of such policies and runoff or tail coverage after the Effective Date to the fullest extent permitted by such policies.

**9.6 Indemnification of Directors, Officers and Employees**. For purposes of the Combined Disclosure Statement and Plan, the obligation of the Debtors to indemnify and reimburse any Person or entity serving at any time on or after the Petition Date as one of its directors, officers or employees by reason of such Person's or entity's service in such capacity, or as a director, officer or employee of any of the Debtors or any other corporation or legal entity, to the extent provided in such Debtor's constituent documents, a written agreement with the Debtor(s), in accordance with any applicable law, or any combination of the foregoing, shall survive confirmation of the Combined Disclosure Statement and Plan and the Effective Date solely to the extent of available insurance. For the avoidance of doubt, nothing herein shall be construed as the Debtors assuming any obligation with respect to any self-insured retention for which the applicable insurer has the ability to assert a prepetition Claim against the applicable Debtor in accordance with the order setting the Bar Date or other order of the Court. On and after the Effective Date, the coverage under any of the D&O Policies in effect on the Petition Date shall not be terminated or otherwise reduced by or on behalf of the Debtors, and all directors and officers of the Debtors at any time shall be entitled to the full benefits of any such policy for the full term of such policy regardless of whether such directors and/or officers remain in such positions after the Effective Date. Except as expressly set forth in the Successful Bidder Agreement, the Successful Bidder shall have no obligation to indemnify any current or former officer, director employee or agent of the Debtors.

**9.7 Wind-Up and Dissolution of the Debtors**. On the Effective Date or as soon thereafter as is reasonably practicable, the Liquidation Trustee shall wind-up the affairs of the Debtors and non-Debtors. Upon completion of the winding-up of the affairs of the Debtors and the non-Debtors and without the need for any corporate action or approval and without the need for any corporate filings, the Liquidation Trustee shall dissolve the Debtors and neither the Debtors nor the Liquidation Trustee shall be required to pay any taxes or fees to cause such dissolution. The Liquidation Trust shall bear the cost and expense of the wind-down of the affairs of the Debtors and the non-Debtors, if any, and the cost and expense of the preparation and filing of the final tax returns for the Debtors and non-Debtors.

**9.8 Creation and Governance of the Liquidation Trust**. On the Effective Date, the Debtors and the Liquidation Trustee shall execute the Liquidation Trust Agreement and shall take all steps necessary to establish the Liquidation Trust in accordance with the Combined Disclosure Statement and Plan. Additionally, on the Effective Date, the Debtors shall irrevocably transfer and shall be deemed to have irrevocably transferred to the Liquidation Trust all of their rights, title, and interest in and to all of the Liquidation Trust Assets, and in accordance with section 1141 of the Bankruptcy Code, except as specifically provided in the Combined Disclosure Statement and Plan or the Confirmation Order, the Liquidation Trust Assets shall automatically vest in the Liquidation Trust free and clear of all Claims, liens, encumbrances, or interests and the Liquidation Trust Expenses, as provided for in the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement, and Claims required to be paid by the Liquidation Trust pursuant to the Combined Disclosure Statement and Plan with priority over General Unsecured Claims, including, without limitation, Administrative Claims, Quarterly Fees (defined below), Priority Tax Claims, Priority Non-Tax Claims, Prepetition Super Priority Notes Claims, Prepetition Convertible Notes Claims, and Professional Fee Claims; and such transfer shall be exempt from any stamp, real estate transfer, other transfer, mortgage reporting, sales, use, or other similar tax. The Liquidation Trustee shall be the exclusive trustee of the Liquidation Trust Assets for purposes of 31 U.S.C. § 3713(b) and 26 U.S.C. § 6012(b)(3), as well as the representative of the Estates appointed pursuant to section 1123(b)(3)(B) of the Bankruptcy Code. The Liquidation Trust shall be governed by the Liquidation Trust Agreement and administered by the Liquidation Trustee. The powers, rights, and responsibilities of the Liquidation Trustee shall be specified in the Liquidation Trust Agreement and shall include the authority and responsibility to, among other things, take the actions set forth in Section 9 of this Combined Disclosure Statement and Plan. The Liquidation Trust shall hold and distribute the Liquidation Trust Assets in accordance with the provisions of the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement. Other rights and duties of the Liquidation Trustee shall be as set forth in the Liquidation Trust Agreement. For the avoidance of doubt, after the Effective Date, the Debtors and the Estates shall have no interest in the Liquidation Trust Assets, the transfer of the Liquidation Trust Assets to the Liquidation Trust is absolute, and the Liquidation Trust Assets shall not be held or deemed to be held in trust by the Liquidation Trustee on behalf of any of the Debtors or the Estates.

**9.9 Purpose of the Liquidation Trust**. The Liquidation Trust shall be established for the purpose of: reconciling and objecting to Claims, as provided for in the Combined Disclosure Statement and Plan; and making Distributions in accordance with Treasury Regulation section 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business.

**9.10 Liquidation Trustee and Liquidation Trust Agreement**. The Liquidation Trust Agreement generally will provide for, among other things: (i) the payment of the Liquidation Trust Expenses; (ii) the payment of other reasonable expenses of the Liquidation Trust; (iii) the retention of counsel, accountants, financial advisors, or other professionals and the payment of their reasonable compensation; (iv) the investment of Cash by the Liquidation Trustee within certain limitations, including those specified in the Combined Disclosure Statement and Plan; (v) the orderly liquidation of the Liquidation Trust Assets; (vi) the prosecution and resolution of objections to Claims; (vii) the establishment of such Disputed Claim Reserves as the Liquidation Trustee deems appropriate.

The Liquidation Trustee, on behalf of the Liquidation Trust, may employ, without further order of the Bankruptcy Court, professionals (including those previously retained by the Debtors or the Committee) to assist in carrying out the Liquidation Trustee's duties hereunder and may compensate and reimburse the reasonable expenses of these professionals without further Order of the Bankruptcy Court from the Liquidation Trust Assets in accordance with the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement.

The Liquidation Trust Agreement provides that the Liquidation Trustee shall be indemnified by and receive reimbursement from the Liquidation Trust Assets against and from any and all loss, liability, expense (including reasonable attorneys' fees), or damage which the Liquidation Trustee incurs or sustains, in good faith and without either willful misconduct, gross negligence or fraud, acting as Liquidation Trustee under or in connection with the Liquidation Trust Agreement.

On and after the Effective Date, the Liquidation Trustee shall have the power and responsibility to do all acts contemplated by the Combined Disclosure Statement and Plan to be done by the Liquidation Trustee and all other acts that may be necessary or appropriate in connection with the disposition of the Liquidation Trust Assets and the distribution of the proceeds thereof, as contemplated by the Combined Disclosure Statement and Plan and in accordance with the Liquidation Trust Agreement. In all circumstances, the Liquidation Trustee shall act in its reasonable discretion pursuant to the terms of the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement.

**9.11 Compensation and Duties of Liquidation Trustee**. The salient terms of the Liquidation Trustee's employment, including the Liquidation Trustee's duties and compensation, shall be set forth in the Liquidation Trust Agreement. The Liquidation Trustee shall be entitled to reasonable compensation in an amount consistent with that of similar functionaries in similar types of bankruptcy cases. The Liquidation Trustee shall also be reimbursed for all documented, actual, reasonable, and necessary out-of-pocket expenses incurred in the performance of his or her duties under the Liquidation Trust Agreement.

**9.12 Certain United States Federal Income Tax Considerations**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a) General*. **HOLDERS CONCERNED WITH HOW THE COMBINED DISCLOSURE STATEMENT AND PLAN MAY AFFECT THEIR TAX LIABILITY SHOULD CONSULT WITH THEIR OWN TAX ADVISORS. THE BELOW TAX SUMMARY HAS BEEN PROVIDED FOR GENERAL INFORMATIONAL PURPOSES ONLY. THE U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE COMBINED DISCLOSURE STATEMENT AND PLAN ARE COMPLEX. NOTHING HEREIN SHALL CONSTITUTE TAX ADVICE. THE TAX CONSEQUENCES ARE IN MANY CASES UNCERTAIN AND MAY VARY DEPENDING ON A HOLDER'S PARTICULAR CIRCUMSTANCES.**

The following discussion summarizes certain United States federal income tax consequences of the Combined Disclosure Statement and Plan to the Debtors and to certain holders of Claims. This discussion is based on the IRC, the Treasury Regulations promulgated thereunder, judicial decisions, and published administrative rulings and pronouncements of the IRS, all as in effect on the date hereof. Legislative, judicial, or administrative changes in law or its interpretation, as well as other events occurring after the date of this Combined Disclosure Statement and Plan, and which may be retroactive, could materially alter the tax treatment described below. Furthermore, this discussion is not binding on the IRS or any other tax authority. There is no assurance that a tax authority will not take, or that a court will not sustain, a position with respect to the tax consequences of the Combined Disclosure Statement and Plan that differs from the tax consequences described below. No ruling has been or will be sought from the IRS, no opinion of counsel has been or will be obtained, and no representations are made regarding any tax aspect of the Combined Disclosure Statement and Plan.

The following discussion assumes that the Claims are held as "capital assets" within the meaning of Section 1221 of the IRC (generally, property held for investment). The discussion does not address all aspects of U.S. federal income taxation that may be relevant to a particular Holder in light of such Holder's facts and circumstances, or to certain types of Holders subject to special treatment under the IRC (for example, small business investment companies, governmental entities and entities exercising governmental authority, non-U.S. taxpayers, banks and certain other financial institutions, broker-dealers, insurance companies, tax-exempt organizations, real estate investment trusts, regulated investment companies, persons holding a Claim as part of a hedge, straddle, constructive sale, conversion transaction, or other integrated transaction, Holders that are or hold their Claims through S corporations, partnerships or other pass-through entities, traders that mark-to-market their securities and Persons that have a functional currency other than the U.S. dollar). This summary does not address state, local, or non-United States tax consequences of the Combined Disclosure Statement and Plan, nor does this summary address federal taxes other than income taxes. Furthermore, this discussion generally does not address U.S. federal income tax consequences to Holders that are unimpaired under the Combined Disclosure Statement and Plan or that are not entitled to receive or retain any property under the Combined Disclosure Statement and Plan or to Persons who are deemed to have rejected the Combined Disclosure Statement and Plan*.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b) Liquidation Trust.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. *Grantor Trust*. It is intended that
 the Liquidation Trust qualify as a grantor trust for federal income tax purposes, and that
 the Liquidation Trust Beneficiaries are treated as grantors. As described more fully in the
 Combined Disclosure Statement and Plan, the transfer of the Liquidation Trust Assets will
 be treated for federal income tax purposes as a transfer to the Liquidation Trust Beneficiaries,
 followed by a deemed transfer from such Liquidation Trust Beneficiaries to the Liquidation
 Trust. Accordingly, the Liquidation Trust Beneficiaries will be treated for United States
 federal income tax purposes as the grantors and owners of their respective share of the Liquidation
 Trust Assets. The foregoing treatment shall also apply, to the extent permitted by applicable
 law, for state and local income tax purposes. Generally, all items of income, gain, loss,
 deduction, and credit will be included in the income of the Liquidation Trust Beneficiaries
 as if such items had been recognized directly by the Liquidation Trust Beneficiaries in the
 proportions in which they own beneficial interests in the Liquidation Trust. Unless indicated
 otherwise, the rest of this discussion assumes that the Liquidation Trust will qualify as
 a grantor trust for federal income tax purposes, and that the Liquidation Trust Beneficiaries
 are treated as grantors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. *Reporting.* The Liquidation Trustee
 shall comply with all tax reporting requirements, including, without limitation, filing returns
 for the Liquidation Trust as a grantor trust pursuant to Treasury Regulation § 1.671-4(a) and
 the guidelines set forth for a "liquidating trust" in Revenue Procedure 94-95,
 1994-2 C.B. 684. In connection therewith, the Liquidation Trustee may require Liquidation
 Trust Beneficiaries to provide certain tax information as a condition to receipt of Distributions,
 including certification of the Liquidation Trust Beneficiary's Taxpayer or Employer
 Identification Number.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. *Valuation*. Except to the extent
 definitive guidance from the IRS or a court of competent jurisdiction (including the issuance
 of applicable Treasury Regulations or the receipt by the Liquidation Trustee of a private
 letter ruling if the Liquidation Trustee so requests one) indicates that such valuation is
 not necessary to maintain the treatment of the Liquidation Trust as a liquidating trust for
 purposes of the IRC and applicable Treasury Regulations, as soon as reasonably practicable
 after the Liquidation Trust Assets are transferred to the Liquidation Trust, the Liquidation
 Trustee shall make a good faith valuation of the Liquidation Trust Assets. Such valuation
 shall be made available from time to time to all parties to the Liquidation Trust Agreement
 and to all Liquidation Trust Beneficiaries, to the extent relevant to such parties for tax
 purposes, and shall be used consistently by such parties for all United States federal income
 tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. *Tax Returns.* In accordance with the
 provisions of section 6012(b)(3) of the IRC, the Liquidation Trustee shall cause to
 be prepared, at the cost and expense of the Liquidation Trust, the income tax returns (federal,
 state and local) that the Debtors are required to file (to the extent such returns have not
 already been filed by the Effective Date). The Liquidation Trustee shall timely file each
 such tax return with the appropriate taxing authority and shall pay out of the Liquidation
 Trust Assets all taxes due with respect to the period covered by each such tax return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. *Disputed Ownership Fund Election.* The
 Combined Disclosure Statement and Plan permits the Liquidation Trustee to establish Disputed
 Claim Reserves. The Liquidation Trustee may, at the Liquidation Trustee's sole discretion,
 file a tax election to treat any such Disputed Claim Reserve as a Disputed Ownership Fund
 as described in Treasury Regulation § 1.468B-9 or other taxable entity rather than as
 a part of the Liquidation Trust for federal income tax purposes. If such election is made,
 the Liquidation Trust shall comply with all tax reporting and tax compliance requirements
 applicable to the Disputed Ownership Fund or other taxable entity, including, but not limited
 to, the filing of separate income tax returns for the Disputed Ownership Fund or other taxable
 entity and the payment of any federal, state or local income tax due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. *Attribution of Income*. Subject to
 definitive guidance from the IRS or a court of competent jurisdiction to the contrary (including
 the issuance of applicable Treasury Regulations, the receipt by the Liquidation Trustee of
 a private letter ruling if the Liquidation Trustee so requests one, or the receipt of an
 adverse determination by the IRS upon audit if not contested by the Liquidation Trustee),
 attribution of Liquidation Trust taxable income or loss shall be by reference to the manner
 in which any economic gain or loss would be borne immediately after a hypothetical liquidating
 distribution of the remaining Liquidation Trust Assets. The tax book value of the Liquidation
 Trust Assets for purpose of this paragraph shall equal their fair market value on the date
 the Liquidation Trust Assets are transferred to the Liquidation Trust, adjusted in accordance
 with tax accounting principles prescribed by the IRC, the applicable Treasury Regulations,
 and other applicable administrative and judicial authorities and pronouncements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. *Income Taxed on a Current Basis*.
 All income of the Liquidation Trust will be subject to tax on a current basis. The Combined
 Disclosure Statement and Plan requires the Debtors, the Liquidation Trust, and the Liquidation
 Trust Beneficiaries to report consistently with characterization of the Liquidation Trust
 as a grantor trust and requires the Liquidation Trustee to file tax returns treating the
 Liquidation Trust as a "grantor trust" pursuant to Treasury Regulation section
 1.671-4(a) and to report to each Liquidation Trust Beneficiary a statement of the Liquidation
 Trust Beneficiary's share of Liquidation Trust income, gain, loss, deduction, and credit
 for inclusion in the Liquidation Trust Beneficiary's U.S. federal income tax return.
 Liquidation Trust Beneficiaries therefore may owe tax on Liquidation Trust income, without
 regard to whether cash distributions are made to beneficial owners by the Liquidation Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. *Tax Identification Numbers*. Amounts
 paid to Liquidation Trust Beneficiaries are subject to generally applicable withholding,
 information, and backup withholding rules. The Liquidation Trustee may require any Liquidation
 Trust Beneficiary to furnish to the Liquidation Trustee its employer or Taxpayer Identification
 Number as assigned by the IRS or certify to the Liquidation Trustee's satisfaction
 that Distributions to the Liquidation Trust Beneficiary are exempt from backup withholding.
 The Liquidation Trustee may condition any Distribution to any Liquidation Trust Beneficiary
 upon receipt of such identification number. If after reasonable inquiry, any Liquidation
 Trust Beneficiary fails to provide such identification number to the Liquidation Trustee,
 the Liquidation Trustee shall deem such Liquidation Trust Beneficiary's Claim as Disallowed
 and no Distribution shall be made on account of such Liquidation Trust Beneficiary's
 Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. *Notices*. The Liquidation Trustee
 shall distribute such notices to the Liquidation Trust Beneficiaries as the Liquidation Trustee
 determines are necessary or desirable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. *Expedited Determination*. The Liquidation
 Trustee may request an expedited determination of taxes of the Debtors or of the Liquidation
 Trust under section 505(b) of the Bankruptcy Code for all tax returns filed for, or
 on behalf of, the Debtors and the Liquidation Trust for all taxable periods through the dissolution
 of the Liquidation Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c) Federal Income Tax Consequences to the Debtors.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. *Sale of Assets*. If the Sale is structured
 as a taxable sale of assets and/or stock of any Debtor or subsidiary thereof (a " <u>Taxable Transaction</u> "), the Debtors will recognize gain or loss equal to the difference
 between the amount received for those assets in the Sale and the Debtors' adjusted
 tax basis in those assets. The Debtors expect to have tax losses generated from other activities
 in the current year that may be used to offset gain from the Sale. The Debtors also expect
 to have net operating losses ()"**NOLs**") from prior taxable years available
 that may be carried forward to offset a portion of the gain from the Sale. As of the Petition
 Date, the Debtors believe they have approximately $403 million of federal NOLs (some of which
 may be limited under Section 382 of the IRC). For NOLs arising prior to 2018, such NOLs
 can generally be carried forward for 20 years to offset taxable income. As a result of the
 enactment of the Tax Cuts and Jobs Act of 2017, NOLs arising in 2018 and thereafter can be
 carried forward indefinitely, but can only offset 80% of taxable income for a taxable year.
 To the extent current year losses, any applicable NOL carryforward amount, and other tax
 deductions are not available to offset Debtors' gain from the Sale, Debtors will owe
 tax on such gains. Any of the Debtors' tax attributes that are not utilized in connection
 with a Taxable Transaction or otherwise as a result of any transactions undertaken pursuant
 to the Combined Disclosure Statement and Plan will not survive implementation of the Combined
 Disclosure Statement and Plan. If the Sale is for tax purposes structured as a reorganization
 of the Debtors under Section 368(a)(1)(G) of the IRC (a " <u>G Reorganization</u> ")
 or any other non-taxable transaction under Section 368 of the IRC, the Sale would generally
 not be expected to give rise to a taxable gain or loss, and the Debtors' tax attributes
 would, subject to rules regarding the cancellation of debt income and Section 382
 of the IRC, survive the restructuring process and carry over to the buyer in the Sale. It
 has not yet been determined whether the Sale will be structured as a Taxable Transaction
 or a non-taxable transaction under Section 368 of the IRC, such as a G Reorganization.
 Furthermore, it has not yet been determined the extent to which Section 382 of the IRC
 may limit the use any NOLs carried over to the buyer in connection with a non-taxable transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. *Cancellation of Indebtedness and Reduction of Tax Attributes*. For U.S. federal income tax purposes, gross income generally includes
 income from cancellation of indebtedness ()"**COD** "). In general, the Debtors
 will have COD income equal to the excess of the adjusted issue price of the debt discharged
 pursuant to the Combined Disclosure Statement and Plan over the sum of the amount of cash,
 the issue price of any new debt, and the fair market value of any other property treated
 for tax purposes as having been transferred to holders of the debt that is discharged. Various
 statutory or judicial exceptions limit the incurrence of COD income (such as where payment
 of the cancelled debt would have given rise to a tax deduction). COD income also includes
 interest accrued on obligations of the Debtors but unpaid at the time of discharge. An exception
 to the recognition of COD income applies to a debtor in a chapter 11 bankruptcy proceeding.
 Bankrupt debtors generally do not include COD in taxable income, but must instead reduce
 certain tax attributes (such as NOLs, capital losses, certain credits, and the excess of
 the tax basis of the debtor's property over the amount of liabilities outstanding after
 discharge) by the amount of COD income that was excluded under the bankruptcy exception.
 Tax benefits are reduced after the tax is determined for the year of discharge. Existing
 NOLs will therefore be available to offset gains on asset sales in the year of the discharge
 regardless of the amount by which NOLs are reduced due to COD income. Also, where a debtor
 joins in the filing of a consolidated U.S. federal income tax return, applicable Treasury
 Regulations require, in certain circumstances, that the tax attributes of the consolidated
 subsidiaries of the debtor and other members of the group also be reduced.

If the Sale is structured as a Taxable Transaction for U.S. federal income tax purposes, the Debtors believe that the reduction of tax attributes resulting from any COD income incurred by any Debtor as a result of the implementation of the Combined Disclosure Statement and Plan will occur after the distribution by such Debtor of all of its assets. In such case, the reduction of tax attributes resulting from such COD income generally should not have a material impact on the Debtors. If the Sale is structured as a G Reorganization or any other non-taxable transaction under Section 368 of the IRC, then any reduction in tax attributes attributable to COD income will reduce the tax attributes available to the buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) Federal Income Tax Consequences to Holders.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. *Characterization*. The tax treatment
 of Holders, and the character, amount, and timing of income, gain, or loss recognized as
 a consequence of the Combined Disclosure Statement and Plan and any Distributions pursuant
 to the Combined Disclosure Statement and Plan may vary, depending upon, among other things:
 (A) whether the Claim (or a portion of the Claim) is for principal or interest; (B) the
 type of consideration the Holder receives for the Claim, (C) whether the Holder receives
 Distributions under the Combined Disclosure Statement and Plan in more than one taxable year;
 (D) the manner in which the Holder acquired the Claim; (E) the length of time that
 the Claim has been held; (F) whether the Claim was acquired at a discount; (G) whether
 the Holder of the Claim has taken a bad debt deduction with respect to part or all of the
 Claim; (H) whether the Holder of the Claim has previously included in income accrued
 but unpaid interest on the Claim; (I) the Holder's method of tax accounting; (J) whether
 the Claim is an installment obligation for U.S. federal income tax purposes; (K) whether
 the Claim, and any instrument received in exchange for the Claim, is a "security"
 for U.S. federal income tax purposes; and (L) whether and the manner in which the "market
 discount" rules of the IRC apply to the holder of the Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. *Gain and Loss Recognition*. If the
 Sale is structured as a Taxable Transaction, holders will recognize gain or loss for U.S.
 federal income tax purposes equal to the difference between the "amount realized"
 by the Holder and the Holder's tax basis in the Claim. The "amount realized"
 is the sum of the amount of cash and the fair market value of any other property received
 under the Combined Disclosure Statement and Plan in respect of the Claim (other than amounts
 received in respect of a Claim for accrued unpaid interest). The Holder's tax basis
 in the Claim (other than a Claim for accrued unpaid interest) is generally the Holder's
 cost, though tax basis could be more or less than cost depending on the specific facts of
 the Holder. Gain or loss will generally be long-term capital gain or loss if the Claim disposed
 of has been held for more than one year. If the Sale is structured as a G Reorganization
 or any other non-taxable transaction under Section 368 of the IRC, Holders will generally
 not recognize any gain or loss with respect to the exchange of the Claims. However, to the
 extent of realized gain, Holders will recognize gain equal to the value of any consideration
 received that, for U.S. federal income tax purposes, is not considered stock or security
 of the buyer. Such Holder's tax basis in the stock and/or securities received in the
 Sale will equal its tax basis in the securities surrendered in exchange therefor, increased
 by the amount of gain recognized in the sale (as determined for tax purposes) and decreased
 by the fair market value of any property treated as received in the sale that is not treated
 as stock or a security of the buyer in the Sale for U.S. Federal income tax purposes and
 its holding period in the stock and/or securities received in the Sale will include its holding
 period in the securities exchanged therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. *Interest*. Holders that previously
 included in income accrued but unpaid interest on a Claim may be entitled to a deductible
 loss to the extent such interest is not satisfied under the Combined Disclosure Statement
 and Plan. Conversely, a Holder has ordinary income to the extent of the amount of cash or
 the fair market value of property received in respect of a Claim for (or the portion of a
 Claim treated as allocable to) accrued unpaid interest that was not previously included in
 income by the Holder. The Combined Disclosure Statement and Plan treats all amounts payable
 to a Holder as principal until the principal amount of the Claim has been paid in full. The
 Debtors' tax returns will be filed in a manner consistent with this allocation, but
 it is uncertain whether this allocation will be respected by the IRS. The IRS may take the
 position that payments should be allocated first to interest or should be pro-rated between
 principal and interest. If the IRS prevails in this assertion, Holders may be required to
 recognize ordinary interest income even though they have an overall loss (and possibly a
 capital loss, the deductibility of which may be limited) with respect to such Holder's
 Claims. Each Holder is urged to consult such Holder's own tax advisor regarding the
 amount of such Holder's Claim allocable to accrued unpaid interest and the character
 of any loss with respect to accrued but unpaid interest that the holder previously included
 in income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. *Bad Debt and Worthless Security Deductions*.
 A Holder who receives, in respect of such Holder's Claim, an amount that is less than
 such Holder's tax basis in the Claim may be entitled to a bad debt or worthless securities
 deduction. The rules governing the character, timing, and amount of these deductions
 depend upon the facts and circumstances of the Holder, the obligor, and the instrument with
 respect to which the deduction is claimed, including whether (i) the Holder is a corporation
 or (ii) the Claim constituted (a) a debt created or acquired (as the case may be)
 in connection with the Holder's trade or business or (b) a debt, the loss from
 worthlessness of which is incurred in the Holder's trade or business. A Holder that
 has previously recognized a loss or deduction in respect of such Holder's Claim may
 be required to include in income amounts received under the Combined Disclosure Statement
 and Plan that exceed the Holder's adjusted basis in its Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. *Installment Obligations*. A Holder
 of a Claim that is an installment obligation for U.S. federal income tax purposes may be
 required to recognize any gain remaining with respect to such obligation if, pursuant to
 the Combined Disclosure Statement and Plan, the obligation is considered to be satisfied
 at other than its face value, distributed, transmitted, sold, or otherwise disposed of within
 the meaning of Section 453B of the IRC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. *Market Discount*. A Holder of a Claim
 that acquired a Claim at a market discount generally is required to treat any gain realized
 on the disposition of the Claim as ordinary income to the extent of the market discount that
 accrued during the period the Claim was held by the Holder and that was not previously included
 in income by the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. *Withholding*. Amounts paid to Holders
 are subject to generally applicable withholding, information, and backup withholding rules.
 The Combined Disclosure Statement and Plan authorizes the Debtors and the Liquidation Trustee,
 as applicable, to withhold and report amounts required by law to be withheld and reported.
 Amounts properly withheld from Distributions to a Holder and paid over to the applicable
 taxing authority for the account of such Holder will be treated as amounts distributed to
 such Holder. Holders are required to provide the Debtors and the Liquidation Trustee, as
 applicable, with the information necessary to effect information reporting and withholding
 as required by law. Notwithstanding any other provision of the Combined Disclosure Statement
 and Plan, Holders of Claims that receive a Distribution pursuant to the Combined Disclosure
 Statement and Plan are responsible for the payment and satisfaction of all tax obligations,
 including income, withholding, and other tax obligations imposed with respect to the Distribution,
 and no Distribution shall be made until Holders have made arrangements satisfactory to the
 Debtors or the Liquidation Trustee, as applicable, for the payment and satisfaction of such
 obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. *Backup Withholding*. Holders may
 be subject to backup withholding on payments pursuant to the Combined Disclosure Statement
 and Plan unless the Holder (A) is not a corporation and is not otherwise exempt from
 backup withholding and, when required, demonstrates that or (B) provides a correct taxpayer
 identification and certifies under penalty of perjury that the taxpayer identification number
 is correct and that the Holder is not subject to backup withholding because of previous failure
 to report dividend and interest income. Backup withholding is not an additional tax. Amounts
 withheld due to backup withholding will be credited against the Holder's federal income
 tax liability and excess withholding may be refunded if a timely claim for refund (generally,
 a U.S. federal income tax return) is filed with the IRS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. *Certain Disclosure Requirements*.
 Treasury regulations require tax return disclosure of certain types of transactions that
 result in the taxpayer claiming a loss in excess of specified thresholds. Holders are urged
 to consult their own tax advisors regarding these regulations and whether the transactions
 contemplated by the Combined Disclosure Statement and Plan would be subject to these regulations
 and would require such disclosure.

**9.13 Abandonment, Disposal, and Destruction of Records**. Upon the occurrence of the Effective Date, the Debtors and Liquidation Trust and Liquidation Trustee and any transferee or custodian, as applicable, shall continue to preserve all financial and operational books and records, emails, and other financial and operational documents relating to the Debtors' business that are currently in the Debtors' possession. The Debtors, Liquidation Trust, Liquidation Trustee and any transferee or custodian, as applicable, shall not destroy or otherwise abandon any such documents or records without seeking further authorization from the Bankruptcy Court.

**9.14 Distributions by Liquidation Trustee**. Following the transfer of the Liquidation Trust Assets to the Liquidation Trust, the Liquidation Trustee shall make continuing efforts to liquidate all Liquidation Trust Assets in accordance with the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement, <u>provided</u> that the timing of all Distributions made by the Liquidation Trustee to Liquidation Trust Beneficiaries shall be in accordance with the Liquidation Trust Agreement and the Combined Disclosure Statement and Plan.

**9.15 Cash Investments**. Funds in the Liquidation Trust shall be invested in demand and time deposits in banks or other savings institutions, or in other temporary, liquid investments, such as Treasury bills, consistent with the liquidity needs of the Liquidation Trust as determined by the Liquidation Trustee, in accordance with section 345 of the Bankruptcy Code, unless the Bankruptcy Court otherwise requires; <u>provided</u>, <u>however</u>, that such investments are investments permitted to be made by a "liquidating trust" within the meaning of Treasury Regulation section 301.7701-4(d), as reflected therein, or under applicable IRS guidelines, rulings or other controlling authorities.

**9.16 Dissolution of the Liquidation Trust**. The Liquidation Trustee shall be discharged and the Liquidation Trust shall be terminated, at such time as: (a)(i) all Disputed Claims have been resolved; (ii) all of the Liquidation Trust Assets have been liquidated; (iii) all duties and obligations of the Liquidation Trustee under the Liquidation Trust Agreement have been fulfilled; (iv) all Distributions required under the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement have been made; and (v) the Chapter 11 Cases have been closed, or (b) as otherwise provided in the Liquidation Trust Agreement. Upon dissolution of the Liquidation Trust, any remaining Liquidation Trust Assets may be transferred by the Liquidation Trustee to a charitable organization(s) or sold as part of a remnant asset sale.

**9.17 Control Provisions**. To the extent there is any inconsistency between this Combined Disclosure Statement and Plan as it relates to the Liquidation Trust and the Liquidation Trust Agreement, the terms of the Combined Disclosure Statement and Plan shall control.

**9.18 Limitation of Liability; Indemnification**. The Liquidation Trustee and all of its respective designees, employees, agents, representatives or professionals shall not be liable for the act or omission of any other member, designees, agent or representative of the Liquidation Trustee, nor shall they be liable for any act or omission taken or omitted to be taken in their respective capacities, other than acts or omission resulting from willful misconduct, gross negligence, or fraud. The Liquidation Trustee shall be entitled to enjoy all of the rights, powers, immunities and privileges applicable to a chapter 7 trustee. The Liquidation Trustee may, in connection with the performance of its functions, and in its sole and absolute discretion, consult with attorneys, accountants, financial advisors and agents, which consultation may act as a defense for any act taken, omitted to be taken, or suffered to be done in accordance with advice or opinions rendered by such persons. Notwithstanding such authority, the Liquidation Trustee shall not be under any obligation to consult with attorneys, accountants, financial advisors or agents, and their determination not to do so shall not result in the imposition of liability, unless such determination is based on willful misconduct, gross negligence or fraud. The Liquidation Trust shall indemnify and hold harmless the Liquidation Trustee and its designees and professionals, and all duly designated agents and representatives thereof (in their capacity as such), from and against and in respect of all liabilities, losses, damages, claims, costs and expenses, including, but not limited to attorneys' fees and costs arising out of or due to such actions or omissions, or consequences of their actions or omissions with respect or related to the performance of their duties or the implementation or administration of the Combined Disclosure Statement and Plan; <u>provided</u>, <u>however</u>, that no such indemnification will be made to such persons for such actions or omissions as a result of willful misconduct, gross negligence or fraud.

**9.19 Corporate Action**. On the Effective Date, all matters expressly provided for under this Combined Disclosure Statement and Plan that would otherwise require approval of the equity holders or directors of one or more of the Debtors, including but not limited to, the dissolution or merger of any of the Debtors, shall be deemed to have occurred and shall be in effect upon the Effective Date pursuant to the applicable general corporation law of the states in which the Debtors are incorporated without any requirement of action by the equity holders or directors of the Debtors.

**9.20 Cancelation of the Prepetition Super Priority Notes Documents and the Prepetition Convertible Notes Documents**. The Prepetition Super Priority Notes Documents and the Prepetition Convertible Notes Documents shall be deemed cancelled, discharged and of no force or effect, except as necessary to (a) enforce the rights, claims and interests of the Prepetition Super Priority Notes Trustee and the Prepetition Convertible Notes Trustee; (b) allow the receipt of and to make distributions under the Plan in accordance with the terms of the Prepetition Super Priority Notes Documents and the Prepetition Convertible Notes Documents; and (c) preserve any rights of the (1) Prepetition Super Priority Notes Trustee and any predecessor thereof to seek compensation and reimbursement, to payment of fees, expenses, and indemnification obligations as against any property distributable to the Prepetition Super Priority Noteholders, including any rights to priority of payment and/or to exercise charging liens, and to enforce its rights, claims, and interests, vis-à-vis any party other than the Debtors; and (2) Prepetition Convertible Notes Trustee and any predecessor thereof to seek compensation and reimbursement, to payment of fees, expenses, and indemnification obligations as against any property distributable to the Convertible Noteholders, including any rights to priority of payment and/or to exercise charging liens, and to enforce its rights, claims, and interests, vis-à-vis any party other than the Debtors.

**Article X<u><br> PROVISIONS GOVERNING DISTRIBUTIONS</u>**

**10.1 Distributions for Allowed Claims**

Except as otherwise provided herein or as ordered by the Bankruptcy Court, all Distributions to Liquidation Trust Beneficiaries as of the applicable distribution date shall be made on or as soon as practicable after the applicable distribution date; provided that in the event that there is an Alternative Sale Transaction, the Prepetition Super Priority Notes Claims shall be Paid in full in Cash from the Sale Cash Consideration in accordance with the treatment sent forth in Article VII herein on the closing of such Alternative Sale Transaction unless otherwise set forth in the Sale Order. Distributions on account of Claims that first become Allowed Claims after the applicable distribution date shall be made pursuant to the terms of this Combined Disclosure Statement and Plan and on the day selected by the Liquidation Trustee. To the extent Holders of Claims in Classes 4, 5 or 6 receive Pro Rata Shares of the Liquidating Trust Assets, the Liquidating Trustee shall make distributions on account of such Pro Rata Shares as follows (to the extend applicable): (i) first, to Holders of Allowed Convertible Notes Roll-Up Loan Claims until such Allowed Convertible Notes Roll Up Loans Claims are Paid in Full in Cash; (ii) second, to Holders of Allowed Prepetition Convertible Notes Claims until such Allowed Prepetition Convertible Notes Claims are Paid in Full in Cash; and (iii) third, to Holders of Allowed General Unsecured Claims until such Allowed General Unsecured Claims are paid in full in Cash.

The Liquidation Trustee may accelerate any Distribution date with respect to Distributions if the facts and circumstances so warrant and to the extent not inconsistent with the Combined Disclosure Statement and Plan.

Distributions made as soon as reasonably practicable after the Effective Date or such other date set forth herein shall be deemed to have been made on such date**.**

For the avoidance of doubt, any cash distributions payable to the Prepetition Super Priority Noteholders shall be paid to the Prepetition Super Priority Notes Trustee to be distributed to the Prepetition Super Priority Noteholders pursuant to the Prepetition Super Priority Notes Indenture.

**10.2 Interest on Claims**. Except to the extent provided in section 506(b) of the Bankruptcy Code or as ordered by the Bankruptcy Court, the Combined Disclosure Statement and Plan, or the Confirmation Order, other than with respect to Prepetition Super Priority Notes Claims (as set forth in the DIP Orders), post-petition interest shall not accrue or be paid on Claims, and no Holder of an Allowed Claim shall be entitled to interest accruing on any Claim from and after the Petition Date.

**10.3 Distributions by Liquidation Trustee as Disbursement Agent**. From and after the Effective Date, the Liquidation Trustee may serve as the Disbursement Agent under the Combined Disclosure Statement and Plan with respect to Distributions to Holders of Allowed Claims (provided that the Liquidation Trustee may hire professionals or consultants to assist with making disbursements or to act as the Disbursement Agent). The Liquidation Trustee shall cause to be made all Distributions required to be made to such Holders of Allowed Claims pursuant to the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement. The Liquidation Trustee shall not be required to give any bond or surety or other security for the performance of the Liquidation Trustee's duties as Disbursement Agent unless otherwise ordered by the Bankruptcy Court.

**10.4 Means of Cash Payment**. Cash payments under the Combined Disclosure Statement and Plan shall be made, at the option, and in the sole discretion, of the Liquidation Trustee, by wire, check, or such other method as the Liquidation Trustee deems appropriate under the circumstances. Cash payments to foreign creditors may be made, at the option, and in the sole discretion, of the Liquidation Trustee, in such funds and by such means as are necessary or customary in a particular foreign jurisdiction. Pursuant to Section 10.7 of the Combined Disclosure Statement and Plan, cash payments in the form of checks issued by the Liquidation Trustee shall be null and void if not cashed within ninety (90) days of the date of the issuance thereof and deemed undeliverable Distributions. Following the expiration of ninety (90) days after issuance of such null and void checks, in accordance with Section 10.13 of the Combined Disclosure Statement and Plan, amounts in respect of these undeliverable Distributions shall be become unrestricted Liquidation Trust Assets redistributed to the Liquidation Trust Beneficiaries after reserving as necessary for payment of Liquidation Trust Expenses. Such Holder shall be deemed to have forfeited its right to any reserved and future Distributions from the Liquidation Trust, and the Claims of such Holder shall be forever barred. For purposes of effectuating Distributions under the Combined Disclosure Statement and Plan, any Claim denominated in foreign currency shall be converted to U.S. Dollars pursuant to the applicable published exchange rate in effect on the Petition Date.

**10.5 Fractional Distributions**. Notwithstanding anything in the Combined Disclosure Statement and Plan to the contrary, no payment of fractional cents shall be made pursuant to the Combined Disclosure Statement and Plan. Whenever any payment of a fraction of a cent under the Combined Disclosure Statement and Plan would otherwise be required, the actual Distribution made shall reflect a rounding of such fraction to the nearest whole penny (up or down), with half cents or more being rounded up and fractions less than half of a cent being rounded down.

**10.6 De Minimis Distributions**. Notwithstanding anything to the contrary contained in the Combined Disclosure Statement and Plan, the Liquidation Trustee shall not be required to distribute, and shall not distribute, Cash or other property to the Holder of any Allowed Claim if the amount of Cash or other property to be distributed on account of such Claim is less than $100. Any Holder of an Allowed Claim on account of which the amount of Cash or other property to be distributed is less than $100 shall be forever barred from asserting such Claim against Liquidation Trust Assets.

**10.7 Delivery of Distributions; Unclaimed Distributions**. All Distributions to Holders of Allowed Claims shall be made at the address of such Holder as set forth in the claims register maintained in the Chapter 11 Cases (subject to any transfer effectuated pursuant to Bankruptcy Rule 3001(e) or, after the Effective Date, a change of address notification provided by a Holder in a manner reasonably acceptable to the Liquidation Trustee) or, in the absence of a Filed Proof of Claim, the Schedules. The responsibility to provide the Liquidation Trustee a current address of a Holder of Claims shall always be the responsibility of such Holder and at no time shall the Liquidation Trustee have any obligation to determine a Holder's current address. Nothing contained in the Combined Disclosure Statement and Plan shall require the Liquidation Trustee to attempt to locate any Holder of an Allowed Claim. Amounts in respect of undeliverable Distributions made by the Liquidation Trustee shall be held in trust on behalf of the Holder of the Claim to which they are payable by the Liquidation Trust until the earlier of the date that such undeliverable Distributions are claimed by such Holder and the date ninety (90) days after the date the undeliverable Distributions were made. Following the expiration of ninety (90) days after the date the undeliverable Distributions were made, the amounts in respect of undeliverable Distributions shall be become unrestricted Liquidation Trust Assets redistributed to the Liquidation Trust Beneficiaries after reserving as necessary for payment of Liquidation Trust Expenses. Such Holder shall be deemed to have forfeited its right to any reserved and future Distributions from the Liquidation Trust, and the Claims of such Holder shall be forever barred.

**10.8 Application of Distribution Record Date**. At the close of business on the Distribution Record Date, without prejudice to the rights of any Government Unit to file a Claim by the Governmental Bar Date, the Debtors' claims registers shall be closed, and there shall be no further changes in the record holders of Claims or Interests. Beneficial interests in the Liquidation Trust shall be non-transferable except upon death of the interest holder or by operation of law. Except as provided herein, the Liquidation Trustee and the Liquidation Trustee's respective agents, successors, and assigns shall have no obligation to recognize any transfer of any Claim or Interest occurring after the Distribution Record Date and shall be entitled instead to recognize and deal for all purposes hereunder with only those record holders stated on the claims registers as of the close of business on the Distribution Record Date irrespective of the number of Distributions to be made under the Combined Disclosure Statement and Plan to such Entities or the date of such Distributions.

**10.9 Withholding, Payment and Reporting Requirements With Respect to Distributions**. All Distributions under the Combined Disclosure Statement and Plan shall, to the extent applicable, comply with all tax withholding, payment, and reporting requirements imposed by any federal, state, provincial, local, or foreign taxing authority, and all Distributions shall be subject to any such withholding, payment, and reporting requirements. The Liquidation Trustee shall be authorized to take any and all actions that may be necessary or appropriate to comply with such withholding, payment, and reporting requirements. The Liquidation Trustee may require, in the Liquidation Trustee's sole and absolute discretion and as a condition to the receipt of any Distribution, that the Holder of an Allowed Claim complete and return to the Liquidation Trust the appropriate Form W-8 or Form W-9, as applicable, to each Holder. Notwithstanding any other provision of the Combined Disclosure Statement and Plan, (a) each Holder of an Allowed Claim that is to receive a Distribution pursuant to the Combined Disclosure Statement and Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding, and other tax obligations, on account of such Distribution, and including, in the case of any Holder of a Disputed Claim that has become an Allowed Claim, any tax obligation that would be imposed upon the Liquidation Trust in connection with such Distribution, and (b) no Distribution shall be made to or on behalf of such Holder pursuant to the Combined Disclosure Statement and Plan unless and until such Holder has made arrangements reasonably satisfactory to the Liquidation Trustee for the payment and satisfaction of such withholding tax obligations or such tax obligation that would be imposed upon the Liquidation Trust in connection with such Distribution.

**10.10 Setoffs**. The Liquidation Trust may, but shall not be required to, set off against any Claim or any Allowed Claim, and the payments or other Distributions to be made pursuant to the Combined Disclosure Statement and Plan in respect of such Claim, claims of any nature whatsoever that the Debtors or the Liquidation Trust may have against the Holder of such Claim; <u>provided</u>, <u>however</u>*,* that neither the failure to do so nor the allowance of any Claim hereunder shall constitute a waiver or release by the Liquidation Trust of any such claim that it may have against such Holder.

**10.11 No Distribution in Excess of Allowed Amounts**. Notwithstanding anything to the contrary herein, no Holder of an Allowed Claim shall receive in respect of such Claim any Distribution of a value as of the Effective Date in excess of the Allowed amount of such Claim.

**10.12 Allocation of Distributions**. The Liquidation Trustee may, in the Liquidation Trustee's sole discretion, make Distributions jointly to any Holder of a Claim and any other Entity who has asserted, or whom the Liquidation Trustee has determined to have, an interest in such Claim; <u>provided</u>, <u>however</u>, that the Liquidation Trust shall provide notice of such Distribution to any Holder of a Claim or other Entity that has asserted an interest in such Claim.

**10.13 Forfeiture of Distributions**. If the Holder of a Claim fails to cash a check payable to it within the time period set forth in Section 10.4, fails to claim an undeliverable Distribution within the time limit set forth in Section 10.7, or fails to complete and return to the Liquidation Trust the appropriate Form W-8 or Form W-9 within one hundred and twenty (120) days of the request by the Liquidation Trust for the completion and return to it of the appropriate form pursuant to Section 10.9, then such Holder shall be deemed to have forfeited its right to any reserved and future Distributions from the Liquidation Trust, and the Claims of such Holder shall be forever barred. The forfeited Distributions shall become unrestricted Liquidation Trust Assets and shall be redistributed to the Liquidation Trust Beneficiaries after reserving as necessary for payment of Liquidation Trust Expenses and otherwise in compliance with the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement. In the event the Liquidation Trustee determines, in the Liquidation Trustee's sole discretion, that any such amounts are too small in total to redistribute cost-effectively to the Liquidation Trust Beneficiaries, the Liquidation Trustee may instead donate them to a charitable organization(s) free of any restrictions thereon, notwithstanding any federal or state escheat laws to the contrary.

**10.14 Securities Registration Exemption**. The Debtors intend that beneficial interests in the Liquidation Trust shall not be "securities" under applicable laws, but to the extent such units are deemed to be "securities," the Debtors believe the issuance of such units under the Combined Disclosure Statement and Plan is exempt, pursuant to section 1145 of the Bankruptcy Code (except with respect to an entity that is an "underwriter" as defined in subsection (b) of section 1145 of the Bankruptcy Code). Beneficial interests in the Liquidation Trust shall not be represented by units or certificates, or be transferable or assignable, except by will or intestate succession or as otherwise determined by the Liquidation Trustee in accordance with all applicable securities law.

**10.15. Allocation of Distributions Between Principal and Interest.** To the extent that any Allowed Claim entitled to a Distribution under the Combined Disclosure Statement and Plan is comprised of indebtedness and accrued but unpaid interest thereon, such Distribution shall be allocated first to the principal amount of the Claim (as determined for federal income tax purposes) and then, to the extent the consideration exceeds the principal amount of the Claim, to the portion of such Claim representing accrued but unpaid interest.

**Article XI<u><br> PROVISIONS FOR CLAIMS OBJECTIONS AND ESTIMATION OF CLAIMS</u>**

**11.1 Claims Administration Responsibility**. Except as otherwise specifically provided in the Combined Disclosure Statement and Plan and the Liquidation Trust Agreement, after the Effective Date, the Liquidation Trustee shall have the authority to (a) file, withdraw, or litigate to judgment objections to Claims, (b) settle, compromise, or Allow any Claim or Disputed Claim without any further notice to or action, order, or approval by the Bankruptcy Court, (c) amend the Schedules in accordance with the Bankruptcy Code, and (d) administer and adjust the Claims Register to reflect any such settlements or compromises without any further notice to or action, order, or approval by the Bankruptcy Court. Any agreement entered into by the Liquidation Trustee (acting in accordance with the terms of the Liquidation Trust Agreement) with respect to the Allowance of any Claim shall be conclusive evidence and a final determination of the Allowance of such Claim.

**11.2 Claims Objections**. All objections to Claims shall be Filed by the Liquidation Trustee or other parties in interest on or before the Claims Objection Deadline, which date may be extended by the Bankruptcy Court upon a motion filed by the Liquidation Trustee on or before the Claims Objection Deadline with notice only to those parties entitled to notice in the Chapter 11 Cases pursuant to Bankruptcy Rule 2002 as of the filing of such motion. If a timely objection has not been Filed to a Proof of Claim or the Schedules have not been amended with respect to a Claim that was scheduled by the Debtors but was not set forth in the Schedules by the Debtors as contingent, unliquidated, and/or disputed, then the Claim to which the Proof of Claim or the Claim set forth in the Schedules relates shall be treated as an Allowed Claim.

**11.3 Estimation of Contingent or Unliquidated Claims**. The Liquidation Trustee may, at any time, request that the Bankruptcy Court estimate any contingent or unliquidated Claim pursuant to section 502(c) of the Bankruptcy Code, regardless of whether the Debtors have previously objected to such Claim, and the Bankruptcy Court shall retain jurisdiction to estimate any Claim at any time during litigation concerning any objection to any Claim, including during the pendency of any appeal relating to any such objection. In the event the Bankruptcy Court so estimates any contingent or unliquidated Claim, that estimated amount shall constitute the Allowed amount of such Claim. All of the aforementioned Claims objection, estimation, and resolution procedures are cumulative and are not necessarily exclusive of one another.

**11.4 Distributions on Account of Disputed Claims**. Distributions may be made on account of an undisputed portion of a Disputed Claim. The Liquidation Trustee shall, on the applicable distribution date, make Distributions on account of any Disputed Claim (or portion thereof) that has become an Allowed Claim. Such Distributions shall be based upon the Distributions that would have been made to the Holder of such Claim under the Combined Disclosure Statement and Plan if such Claim had been an Allowed Claim on the Effective Date in the amount ultimately Allowed.

**11.5 Amendments to Claims**. On or after the Bar Date, a Claim may not be filed or amended to increase liability or to assert new liabilities without the prior authorization of the Bankruptcy Court or the Liquidation Trustee, and any such new or amended Claim filed without prior authorization shall be deemed Disallowed in full without any further action; <u>provided that</u> the foregoing shall not prejudice the rights of any Government Unit to file a Claim by the Government Bar Date.

**11.6 Claims Paid and Payable by Third Parties**. A Claim shall be Disallowed without an Objection thereto having to be filed and without any further notice to or action, order, or approval of the Bankruptcy Court, to the extent that the Holder of such Claim receives payment in full on account of such Claim from a party that is not the Debtors, the Liquidation Trust, or the Liquidation Trustee. Distributions under the Combined Disclosure Statement and Plan shall be made on account of any Allowed Claim that is payable pursuant to one of the Insurance Contract(s) solely up to the amount of the portion of such Allowed Claim that is (i) within the self-insured retention under such Insurance Contract(s) and/or (ii) in excess of any aggregate limits under such Insurance Contract(s). No Entity shall have any other recourse against the Debtors, the Estates, the Liquidation Trust, or any of their respective properties or assets on account of a self-insured retention under an Insurance Contract; <u>provided</u>, <u>however</u>, that, except as otherwise required under the applicable Insurance Contracts and applicable non-bankruptcy law, an insurer shall not be obligated to pay amounts within any self-insured retention or other self-insured layer.

**11.7 Adjustment to Claims Without Objection**. Any Claim that has been paid or otherwise satisfied may be designated on the Claims Register as such at the direction of the Liquidation Trustee by the Filing of a notice of satisfaction by the Liquidation Trustee, and without any further notice to or action, order, or approval of the Bankruptcy Court.

**Article XII<u><br> EXECUTORY CONTRACTS</u>**

**12.1 Rejection of Executory Contracts**. On the Effective Date, except as otherwise provided in the Combined Disclosure Statement and Plan, each Executory Contract not previously rejected, assumed, or assumed and assigned (including any Executory Contract assumed and assigned in connection with the Sale) shall be deemed automatically rejected pursuant to sections 365 and 1123 of the Bankruptcy Code, unless such Executory Contract: (i) as of the Effective Date is subject to a pending motion to assume or assume and assign such Executory Contract; (ii) is a contract, release, or other agreement or document entered into in connection with the Combined Disclosure Statement and Plan; (iii) is a D&O Policy or an insurance policy; or (iv) is identified for assumption on the Assumption Schedule included in the Combined Disclosure Statement and Plan Supplement**.**

**12.2 Claims Based on Rejection of Executory Contracts**. Unless otherwise provided by an order of the Bankruptcy Court, any Proofs of Claim based on the rejection of the Executory Contracts pursuant to the Combined Disclosure Statement and Plan or otherwise must be filed with the Bankruptcy Court and served on the Liquidation Trustee no later than thirty (30) days after the earlier of (i) notice of entry of an order approving the rejection of such Executory Contract; and (ii) notice of occurrence of the Effective Date. The Effective Date Notice shall include the date by which Proofs of Claim based on the rejection of the Executory Contracts must be filed.

Any Claims arising from the rejection of an Executory Contract not filed with the Bankruptcy Court within such time will be forever barred from assertion, and shall not be enforceable against the Debtors, the Liquidation Trust, the Debtors' Estates, or the property for any of the foregoing, and any Claim arising out of the rejection of the Executory Contract shall be deemed fully compromised, settled, and released, notwithstanding anything in the Schedules or a Proof of Claim to the contrary. All Allowed Claims arising from the rejection of the Executory Contracts shall be classified as Class 6 General Unsecured Claims.

**12.3 Cure of Defaults for Assumed Executory Contracts**. Any Cure Obligation due under each Executory Contract to be assumed or assumed and assigned pursuant to the Combined Disclosure Statement and Plan shall be satisfied, pursuant to section 365(b)(1) of the Bankruptcy Code, by payment in Cash on the Effective Date (or as soon as reasonably practicable thereafter), subject to the limitation described below, by the Debtors or the Liquidation Trust, as applicable, or on such other terms as the parties to such Executory Contracts may otherwise agree.

In the event of a dispute regarding (i) the amount of the Cure Obligation, (ii) the ability of the Liquidation Trust or any other applicable assignee to provide "adequate assurance of future performance" (within the meaning of section 365 of the Bankruptcy Code) under the Executory Contract, or (iii) any other matter pertaining to assumption or assumption and assignment (as applicable), the obligations of section 365 of the Bankruptcy Code shall be deemed satisfied following the entry of a Final Order or orders resolving the dispute and approving the assumption or assumption and assignment (as applicable); <u>provided</u>, that the Debtors or the Liquidation Trust (as applicable) may settle any dispute regarding the amount of any Cure Obligation without any further notice to any party or any action, order, or approval of the Bankruptcy Court.

Assumption or assumption and assignment of any Executory Contract pursuant to the Combined Disclosure Statement and Plan, or otherwise, shall result in the full release and satisfaction of any defaults, subject to satisfaction of the Cure Obligations, whether monetary or nonmonetary, including defaults of provisions restricting the change in control or ownership interest composition or other bankruptcy-related defaults, arising under any assumed Executory Contract at any time before the Effective Date of assumption and/or assignment. Any prepetition default amount set forth in the Schedules and/or any Proofs of Claim filed with respect to an Executory Contract that has been assumed or assumed and assigned shall be deemed Disallowed and expunged, without further notice to or action, order, or approval of the Bankruptcy Court or any other Entity.

**12.4 Modifications, Amendments, Supplements, Restatements, or Other Agreements**. Unless otherwise provided in the Combined Disclosure Statement and Plan, each assumed Executory Contract shall include all modifications, amendments, supplements, restatements, or other agreements that in any manner affect such Executory Contract, and all Executory Contracts related thereto, if any, including all easements, licenses, permits, rights, privileges, immunities, options, rights of first refusal, and any other interests, unless any of the foregoing agreements has been previously rejected or repudiated or is rejected or repudiated under the Combined Disclosure Statement and Plan.

Modifications, amendments, supplements, and restatements to prepetition Executory Contracts that have been executed by the Debtors during the Chapter 11 Cases shall not be deemed to alter the prepetition nature of the Executory Contract, or the validity, priority, or amount of any Claims that may arise in connection therewith.

**12.5 Reservation of Rights**. Neither the exclusion nor inclusion of any contract or lease in the Assumption Schedule or the Sale Order, nor anything contained in the Combined Disclosure Statement and Plan, shall constitute an admission by the Debtors that any such contract or lease is in fact an Executory Contract or that the Debtors' Estates have any liability thereunder. In the event of a dispute regarding whether a contract or lease is or was executory or unexpired at the time of assumption or rejection, the Debtors or the Liquidation Trustee, as applicable, shall have sixty 60 days following entry of a Final Order resolving such dispute to alter the treatment of such contract or lease as otherwise provided in the Combined Disclosure Statement and Plan.

**12.6 Insurance Neutrality**. Nothing in the Combined Disclosure Statement and Plan or the Confirmation Order, shall in any way operate to, or have the effect of, impairing, altering, supplementing, changing, expanding, decreasing, or modifying (a) the rights or obligations of any insurer, or (b) any rights or obligations of the Debtors or the Liquidation Trust arising out of or under any Insurance Contract. The insurers, Debtors, and Liquidation Trust, as applicable, shall retain all rights and defenses under such Insurance Contracts, and such Insurance Contracts shall apply to, and be enforceable by and against, the insureds and the Debtors and the Liquidation Trust.

**Article XIII<u><br> CONFIRMATION AND CONSUMMATION OF THE COMBINED DISCLOSURE STATEMENT AND PLAN</u>**

**13.1 Conditions Precedent to the Effective Date**. Each of the following is a condition precedent to the occurrence of the Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* the Confirmation Order shall have been entered by the Bankruptcy Court and the Confirmation Order shall not be subject to any stay, modification, vacation on appeal, and shall have become a Final Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* all funding, actions, documents and agreements necessary to implement and consummate the Combined Disclosure Statement and Plan and the transactions and other matters contemplated thereby, shall have been effected or executed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* the Sale transaction shall have been consummated in accordance with the relevant acquisition agreement and Sale Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)* the Liquidation Trust shall be established and validly existing and the Liquidating Trust Agreement shall have been executed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(e)* all professional fees and expenses of the Debtors, the Committee, and the Initial DIP Lender, that, as of the Effective Date, were due and payable under an order of the Bankruptcy Court shall have been paid in full, other than any Professional Fee Claims subject to approval by the Bankruptcy Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(f)* all fees and expenses of the Prepetition Super Priority Notes Trustee and the Prepetition Convertible Notes Trustee, including legal fees and expenses, shall have been paid in full;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(g)* the DIP Loan Claims and the Allowed Prepetition Super Priority Notes Claims shall have been (i) unless otherwise agreed to by the Initial DIP Lender, satisfied in full and reduced on a dollar-for-dollar basis by the Credit Bid Amount in the event that the Stalking Horse Bidder is the Successful Bidder in a Credit Bid Transaction; or (ii) Paid in Full in Cash from the Sale Cash Consideration as of the consummation of the Sale in the event that the Alternate Bidder is the Successful Bidder in an Alternative Sale Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(h)* the Debtors shall have funded the Professional Fee Reserve Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(i)* the Debtors shall have retained the Excluded Cash and Excess Sale Proceeds, if any, and shall have sufficient Cash on hand to pay in full, or reserve for, the projected Allowed Administrative Claims, Allowed Professional Fee Claims, Allowed Priority Tax Claims, Allowed Other Priority Claims, Allowed Other Secured Claims, U.S. Trustee Fees, and the Wind-Down Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(j)* no governmental entity or federal or state court of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law or order (whether temporary, preliminary or permanent), in any case which is in effect and which prevents or prohibits consummation of the Combined Disclosure Statement and Plan or any of the other transactions contemplated hereby and no governmental entity shall have instituted any action or proceeding (which remains pending at what would otherwise be the Effective Date) seeking to enjoin, restrain or otherwise prohibit consummation of the transactions contemplated by the Combined Disclosure Statement and Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(k)* all authorizations, consents, regulatory approvals, rulings or documents that are necessary to implement and effectuate the Combined Disclosure Statement and Plan as of the Effective Date shall have been received, waived or otherwise resolved; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(l)* all documents and agreements necessary to implement the Combined Disclosure Statement and Plan, including those set forth in the Combined Disclosure Statement and Plan Supplement, shall have (i) been tendered for delivery and (ii) been effected or executed by all Entities party thereto, and all conditions precedent to the effectiveness of such documents and agreements shall have been satisfied or waived pursuant to the terms of such documents or agreements.

**13.2 Notice of Effective Date**. On or before two (2) Business Days after the Effective Date, the Debtors or Liquidation Trustee shall File the Effective Date Notice in the Chapter 11 Cases and mail or cause to be mailed to all Holders of Claims informing such Entities of (a) the occurrence of the Effective Date, (b) notice of the Administrative Claim Bar Date, Professional Fee Claim Bar Date, and deadline to file rejection damages claims, and (c) such other matters as the Debtors or the Liquidation Trustee deems appropriate or as may be ordered by the Bankruptcy Court.

**13.3 Waiver of Conditions Precedent to the Effective Date**. The Debtors, with the prior written consent of the Initial DIP Lender, may at any time, without notice or authorization of the Bankruptcy Court, waive in writing any or all of the conditions precedent to the Effective Date set forth in this Article, whereupon the Effective Date shall occur without further action by any Entity; <u>provided</u>, <u>however</u>, that the condition specified in section 13.1(a) may not be waived. The Debtors and the Liquidation Trustee reserve the right to assert that any appeal from the Confirmation Order shall be moot after the Effective Date of the Combined Disclosure Statement and Plan.

**13.4 Effect of Non-Occurrence of Effective Date**. If each of the conditions specified in this Article XIII have not been satisfied or waived in the manner provided herein within sixty (60) calendar days after the Confirmation Date (or such later date as may be agreed to by the Debtors and the Initial DIP Lender), then: (i) the Confirmation Order shall be vacated and of no further force or effect; (ii) no Distributions under the Combined Disclosure Statement and Plan shall be made; (iii) the Debtors and all Holders of Claims against or Interests in the Debtors shall be restored to the status quo as of the day immediately preceding the Confirmation Date as though the Confirmation Date had never occurred; and (iv) all of the Debtors' obligations with respect to Claims and Interests shall remain unaffected by the Combined Disclosure Statement and Plan and nothing contained herein shall be deemed to constitute a waiver or release of any Claims by or against the Debtors or any other Entity or to prejudice in any manner the rights of the Debtors or any Entity in any further proceedings involving the Debtors, and the Combined Disclosure Statement and Plan shall be deemed withdrawn. Upon such occurrence, the Debtors shall File a written notification with the Bankruptcy Court and serve it upon such parties as the Bankruptcy Court may direct.

**Article XIV<u><br> EFFECTS OF CONFIRMATION</u>**

**14.1 Exculpation, Releases, and Injunctions**

**The exculpations, releases, and injunctions provided for in Section 14.1 of the Combined Disclosure Statement and Plan shall be effective upon the Effective Date.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* **<u>Exculpation and Limitation of Liability</u>. Notwithstanding any other provision of the Combined Disclosure Statement and Plan, the Exculpated Parties shall not have or incur any liability to, or be subject to any right of action by, any Holder of a Claim or an Interest, or any other party in interest, or any of their respective agents, employees, representatives, financial advisors, attorneys, or agents acting in such capacity, or Affiliates, or any of their successors or assigns, for any act or omission occurring from the Petition Date through the Effective Date and relating in any way to: (i) the Chapter 11 Cases, (ii) formulating, negotiating or implementing the Combined Disclosure Statement and Plan or any contract, instrument, release or other agreement or document created or entered into in connection with the Combined Disclosure Statement and Plan; (iii) the Sale; (iv) any other postpetition act taken or omitted to be taken in connection with or in contemplation of the restructuring, sale or liquidation of the Debtors; (v) the postpetition purchase, sale, or recission of the purchase or sale of any security or asset of the Debtors; (vi) the solicitation of acceptances of the Combined Disclosure Statement and Plan, the pursuit of confirmation of the Combined Disclosure Statement and Plan, the Confirmation of the Combined Disclosure Statement and Plan, the Consummation of the Combined Disclosure Statement and Plan, (vii) the administration of the Combined Disclosure Statement and Plan or the property to be distributed under the Combined Disclosure Statement and Plan, or (viii) the subject matter of, or the transaction or events giving rise to, any Claim or Interest that is treated in the Combined Disclosure Statement and Plan, except for their gross negligence, willful misconduct, fraud or criminal acts as determined by a Final Order, and shall reserve all rights to assert the defense of reliance upon the advice of counsel with respect to their duties and responsibilities under the Combined Disclosure Statement and Plan. This exculpation shall be in addition to, and not in limitation of, all other releases, indemnities, exculpations and any other applicable law or rules protecting the Exculpated Parties from liability. The Confirmation Order shall serve as a permanent injunction against any Entity seeking to enforce any claim or cause of action against the Exculpated Parties that has been exculpated pursuant to Section 14.1(a) of the Combined Disclosure Statement and Plan.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* **<u>Releases by the Debtors</u>. Except as otherwise expressly provided in the Combined Disclosure Statement and Plan or the Confirmation Order, on the Effective Date, for good and valuable consideration, the adequacy of which is hereby confirmed, each of the Debtors, on their own behalf and as a representative of their respective Estates, and any person seeking to exercise the rights of the Debtors or their Estates or any Estate representatives, including any successors to the Debtors or any Estates, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all other Entities who may purport to assert any Cause of Action, derivatively, by, through, or for the foregoing Entities shall, and shall be deemed to, conclusively, absolutely, unconditionally, irrevocably, completely and forever release, waive, void, extinguish and discharge unconditionally, each and all of the Released Parties of and from any and all Claims, Causes of Action, obligations, suits, judgments, damages, debts, rights, remedies and liabilities of any nature whatsoever, whether liquidated or unliquidated, fixed or Contingent, matured or unmatured, known or unknown, foreseen or unforeseen, then existing or thereafter arising, in law, equity, contract, tort or otherwise that the Debtors, their Estates, including any successors to the Debtors or any Estate representatives, would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the Holder of any Claim against, or Interest in, a Debtor or other Entity, or that any Holder of any Claim against, or Interest in, a Debtor or other Entity could have asserted on behalf of the Debtors or other Entity, that are or may be based in whole or part on any act, omission, transaction, event or other circumstance taking place or existing on or prior to the Effective Date (including prior to the Petition Date) in connection with or related to any of the Debtors (including the Debtors' capital structure, management, ownership, or operation thereof), their respective Assets, the Estates, the Chapter 11 Cases, the Prepetition Super Priority Notes Documents, the Prepetition Convertible Notes Documents, the DIP Loan Documents, the Final DIP Order, any of the Debtors' in- or out-of-court restructuring efforts, the Sale, the Sale Order, the purchase, sale, or recission of the purchase or sale of any securities issued by the Debtors, the ownership of any securities issued by the Debtors, the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in the Combined Disclosure Statement and Plan, the administration or implementation of the Combined Disclosure Statement and Plan, including the solicitation of votes with respect to the Combined Disclosure Statement and Plan and the issuance or distribution of the Liquidation Trust pursuant to the Combined Disclosure Statement and Plan that may be asserted by or on behalf of any of the Debtors or their respective Estates, against any of the Released Parties; <u>provided</u>, <u>however</u>, nothing in this section shall operate as a release, waiver or discharge of any causes of action or liabilities arising out of gross negligence, willful misconduct, fraud, or criminal acts of any such Released Party as determined by a Final Order.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* **<u>Consensual Third-Party Releases by Holders of Claims and Interests</u>. As of the Effective Date, for good and valuable consideration, the adequacy of which is hereby confirmed, the adequacy of which is hereby confirmed the Releasing Parties shall be deemed to conclusively, absolutely, unconditionally, irrevocably and forever release, waive and discharge the Released Parties of all claims, obligations, suits, judgments, damages, demands, debts, rights, remedies, causes of action and liabilities of any nature whatsoever in connection with or related to any of the Debtors (including the Debtors' capital structure, management, ownership, or operation thereof), their respective Assets, the Estates, the Chapter 11 Cases, the Prepetition Super Priority Notes Documents, the Prepetition Convertible Notes Documents, the DIP Loan Documents, the Final DIP Order, any of the Debtors' in- or out-of-court restructuring efforts, the Sale, the Sale Order, the purchase, sale, or recission of the purchase or sale of any securities issued by the Debtors, the ownership of any securities issued by the Debtors, the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in the Combined Disclosure Statement and Plan, the administration or implementation of the Combined Disclosure Statement and Plan, including the solicitation of votes with respect to the Combined Disclosure Statement and Plan and the issuance or distribution of the Liquidation Trust pursuant to the Combined Disclosure Statement and Plan, or the Combined Disclosure Statement and Plan, whether liquidated or unliquidated, fixed or contingent, matured or unmatured, known or unknown, foreseen or unforeseen, then existing or hereafter arising, in law, equity, or otherwise that are or may be based in whole or in part upon any act, omission, transaction, event, or other occurrence taking place or existing on or prior to the Effective Date (other than the rights of Holders of Allowed Claims to enforce the obligations under the Confirmation Order and the Combined Disclosure Statement and Plan); <u>provided</u>, <u>however</u>, that nothing in this section shall be deemed a waiver or release of any right of such Releasing Party to receive a Distribution pursuant to the terms of the Combined Disclosure Statement and Plan or other rights set forth in the Combined Disclosure Statement and Plan or the Confirmation Order; <u>provided further</u>, <u>however</u>*,* nothing in this section shall operate as a release, waiver or discharge of any causes of action or liabilities arising out of gross negligence, willful misconduct, fraud, or criminal acts of any such Released Party as determined by a Final Order.**

**The foregoing release provisions in Section 14.1(c) of the Combined Disclosure Statement and Plan shall not operate to waive, release or otherwise impair the rights of creditors with setoff, subrogation or recoupment rights against the Debtors.**

**For the avoidance of doubt, unless a Related Party receives notice and is a Releasing Party under the Combined Disclosure Statement and Plan or other than to the extent that a Releasing Party has the power and authority to grant a release on behalf of the Related Party, direct claims of Related Parties against the Released Parties are not released pursuant to Section 14.1(c) of the Combined Disclosure Statement and Plan.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)* **Scope of Releases. Each releasing party in each of the releases contained in this plan (including under Article XIV of this plan) expressly acknowledges that although ordinarily a general release may not extend to claims which the releasing party does not know or suspect to exist in their favour, which if known by it may have materially affected its settlement with the party released, it has carefully considered and taken into account in determining to enter into the above releases the possible existence of such unknown losses or claims. Without limiting the generality of the foregoing, each releasing party expressly waives any and all rights conferred upon it by any statute or rule of law which provides that a release does not extend to claims which the claimant does not know or suspect to exist in its favour at the time of executing the release, which if known by it may have materially affected its settlement with the released party, including the provisions of *California Civil Code Section 1542*. The releases contained in Article XIV of this plan are effective regardless of whether those released matters are presently known, unknown, suspected or unsuspected, foreseen or unforeseen.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(e)* **<u>Non-Discharge of the Debtors; Injunction</u>. In accordance with section 1141(d)(3) of the Bankruptcy Code, the Combined Disclosure Statement and Plan does not discharge the Debtors. Section 1141(c) of the Bankruptcy Code nevertheless provides, among other things, that the property dealt with by the Combined Disclosure Statement and Plan is free and clear of all Claims and Interests against the Debtors. As such, no Entity holding a Claim against the Debtors may receive any payment from, or seek recourse against, any assets that are to be distributed under the Combined Disclosure Statement and Plan other than assets required to be distributed to that Entity under the Combined Disclosure Statement and Plan. All parties are precluded from asserting against any property to be distributed under the Combined Disclosure Statement and Plan any Claims, rights, Causes of Action, liabilities, or Interests based upon any act, omission, transaction, or other activity that occurred before the Effective Date except as expressly provided in the Combined Disclosure Statement and Plan or the Confirmation Order.**

**Except as otherwise expressly provided for in the Combined Disclosure Statement and Plan or in obligations issued pursuant to the Combined Disclosure Statement and Plan, all Entities are permanently enjoined, on and after the Effective Date, on account of any Claim or Interest, from:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **commencing or continuing in any manner any action or other proceeding of any kind against any of the Estates, the Liquidation Trust, their successors and assigns, and any of their assets and properties;** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **enforcing, attaching, collecting or recovering by any manner or means any judgment, award, decree or order against any Estate, the Liquidation Trust, their successors and assigns, and any of their assets and properties;** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. **creating, perfecting or enforcing any encumbrance of any kind against any Estate, the Liquidation Trust, their successors and assigns, and any of their assets and properties;** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. **asserting any right of setoff or subrogation of any kind against any obligation due from any Estate, the Liquidation Trust or their successors and assigns, or against any of their assets and properties, except to the extent a right to setoff or subrogation is asserted with respect to a timely filed Proof of Claim; or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. **commencing or continuing in any manner any action or other proceeding of any kind in respect of any Claim or Interest or Cause of Action released under Article XIV of the Combined Disclosure Statement and Plan.** 

**Any Entity injured by any willful violation of such injunction may seek actual damages and, in appropriate circumstances, may seek punitive damages from the willful violator.**

**14.2 Term of Bankruptcy Injunction or Stays**. **All injunctions or stays provided for in the Chapter 11 Cases under sections 105 or 362 of the Bankruptcy Code, or otherwise, and in existence on the Confirmation Date, shall remain in full force and effect until the closing of the Chapter 11 Cases.**

**Article XV<u><br> RETENTION OF JURISDICTION</u>**

**15.1 Exclusive Jurisdiction of Bankruptcy Court**. Pursuant to sections 105(a) and 1142 of the Bankruptcy Code, and notwithstanding entry of the Confirmation Order and the occurrence of the Effective Date, the Bankruptcy Court shall retain exclusive jurisdiction over all matters arising out of, and related to, the Chapter 11 Cases and the Combined Disclosure Statement and Plan to the fullest extent permitted by law, including, among other things, jurisdiction to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* allow, disallow, determine, subordinate, liquidate, classify, estimate or establish the priority or secured or unsecured status of any Claim or Interest (whether filed before or after the Effective Date and whether or not Contingent, Disputed or unliquidated or for contribution, indemnification or reimbursement), including the compromise, settlement and resolution of any request for payment of any Claims or Interests, the resolution of any Objections to the allowance or priority of Claims or Interests and to hear and determine any other issue presented hereby or arising hereunder, including during the pendency of any appeal relating to any Objection to such Claim or Interest to the extent permitted under applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* grant or deny any applications for allowance of compensation or reimbursement of expenses authorized pursuant to the Bankruptcy Code or the Combined Disclosure Statement and Plan, for periods ending on or before the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(c)* hear and determine any and all adversary proceedings, motions, applications, and contested or litigated matters, including, but not limited to, all Causes of Action, and consider and act upon the compromise and settlement of any Claim or Interest, or Cause of Action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)* determine and resolve any matters related to the assumption, assumption and assignment or rejection of any Executory Contract to which the Debtors are a party or with respect to which the Debtors may be liable, and to hear, determine and, if necessary, liquidate any Claims arising therefrom;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(e)* ensure that all Distributions to Holders of Allowed Claims under the Combined Disclosure Statement and Plan and the performance of the provisions of the Combined Disclosure Statement and Plan are accomplished as provided herein and resolve any issues relating to Distributions to Holders of Allowed Claims pursuant to the provisions of the Combined Disclosure Statement and Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(f)* construe, take any action and issue such orders, prior to and following the Confirmation Date and consistent with section 1142 of the Bankruptcy Code, as may be necessary for the enforcement, implementation, execution and Consummation of the Combined Disclosure Statement and Plan and all contracts, instruments, releases, other agreements or documents created in connection with the Combined Disclosure Statement and Plan, including, without limitation, the Combined Disclosure Statement and Plan Supplement and the Confirmation Order, for the maintenance of the integrity of the Combined Disclosure Statement and Plan in accordance with sections 524 and 1141 of the Bankruptcy Code following the occurrence of the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(g)* determine and resolve any cases, controversies, suits or disputes that may arise in connection with the Consummation, interpretation, implementation or enforcement of the Combined Disclosure Statement and Plan (and all exhibits and schedules to the Combined Disclosure Statement and Plan) or the Confirmation Order, including the releases and injunction provisions set forth in and contemplated by the Combined Disclosure Statement and Plan or the Confirmation Order, or any entity's rights arising under or obligations incurred in connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(h)* modify the Combined Disclosure Statement and Plan or the Confirmation Order before or after the Effective Date, pursuant to section 1127 of the Bankruptcy Code, as well as any contract, instrument, release, or other agreement or document created in connection with the Combined Disclosure Statement and Plan, or the Confirmation Order, or remedy any defect or omission or reconcile any inconsistency in any Bankruptcy Court order, the Combined Disclosure Statement and Plan, the Confirmation Order, or any contract, instrument, release, or other agreement or document created in connection with the Combined Disclosure Statement and Plan or the Confirmation Order, in such manner as may be necessary or appropriate to consummate the Combined Disclosure Statement and Plan, to the extent authorized by the Bankruptcy Code and the Combined Disclosure Statement and Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(i)* issue injunctions, enter and implement other orders or take such other actions as may be necessary or appropriate to restrain interference by any entity with Consummation, implementation or enforcement of the Combined Disclosure Statement and Plan or the Confirmation Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(j)* enter and implement such orders as are necessary or appropriate if the Confirmation Order is for any reason modified, stayed, reversed, revoked or vacated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(k)* determine any other matters that may arise in connection with or relating to the Combined Disclosure Statement and Plan, the Confirmation Order or any contract, instrument, release, or other agreement or document created in connection with the combined Disclosure Statement and Plan or the Confirmation Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(l)* determine such other matters and for such other purposes as may be provided in the Confirmation Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(m)* hear and determine matters concerning state, local and federal taxes in accordance with sections 346, 505 and 1146 of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(n)* enforce all orders, judgments, injunctions, releases, exculpations, indemnifications and rulings entered in connection with the Chapter 11 Cases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(o)* determine and resolve controversies related to the Estates, the Debtors, or the Liquidation Trust from and after the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(p)* hear and determine any other matter relating to the Combined Disclosure Statement and Plan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(q)* enter a final decree closing any or all the Chapter 11 Cases.

<u>provided</u>, <u>however</u>, that if the Bankruptcy Court abstains from exercising, or declines to exercise, jurisdiction or otherwise lacks jurisdiction over any matter arising in, arising under, or related to the Chapter 11 Cases, including the matters set forth in Article XV of the Combined Disclosure Statement and Plan, the provisions of Article XV of the Combined Disclosure Statement and Plan shall have no effect on and shall not control, limit, or prohibit the exercise of jurisdiction by any other court having competent jurisdiction with respect to such matter.

**Article XVI<u><br> MISCELLANEOUS PROVISIONS</u>**

**16.1 Modification of the Combined Disclosure Statement and Plan**. The Debtors, with the prior written consent of the Initial DIP Lender, may alter, amend, or modify the Combined Disclosure Statement and Plan or any exhibits or schedules hereto under section 1127(a) of the Bankruptcy Code at any time prior to or after the Confirmation Date but prior to the substantial Consummation of the Combined Disclosure Statement and Plan; <u>provided</u>, <u>however</u>, that any such alteration, amendment or modification does not materially and adversely affect the treatment of Holders of Claims or Interests under the Combined Disclosure Statement and Plan. Any Holder of a Claim that has accepted the Combined Disclosure Statement and Plan shall be deemed to have accepted the Combined Disclosure Statement and Plan, as altered, amended, or modified, if the proposed alteration, amendment, or modification does not materially and adversely change the treatment of the Claim of such Holder.

**16.2 Revocation, Withdrawal, or Non-Confirmation of the Combined Disclosure Statement and Plan**. The Debtors reserve the right to revoke or withdraw the Combined Disclosure Statement and Plan prior to the Confirmation Hearing. If the Combined Disclosure Statement and Plan is revoked or withdrawn prior to the Confirmation Hearing, or if the Combined Disclosure Statement and Plan is not confirmed by the Bankruptcy Court, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(a)* the Combined Disclosure Statement and Plan shall be null and void in all respects, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(b)* nothing contained in the Combined Disclosure Statement and Plan shall (i) constitute a waiver or release of any Claims by or against, or any Interests in, the Debtors or any other Entity, (ii) prejudice in any manner the rights of the Debtors or any other Entity, or (iii) constitute an admission of any sort by the Debtors or any other Entity.

**16.3 Binding Effect**. Except as otherwise provided in section 1141(d)(3) of the Bankruptcy Code and subject to the occurrence of the Effective Date, on and after the Confirmation Date, the provisions of the Combined Disclosure Statement and Plan shall bind any Holder of a Claim against, or Interest in, the Debtors and such Holder's respective successors and assigns, whether or not the Claim or Interest of such Holder is Impaired under the Combined Disclosure Statement and Plan and whether or not such Holder has accepted the Combined Disclosure Statement and Plan.

**16.4 Subordination Rights**. The classification and manner of satisfying all Claims and the respective Distributions and treatments hereunder take into account and/or conform to the relative priority and rights of the Claims in each Class in connection with the contractual, legal and equitable subordination rights relating thereto, whether arising under contract, general principles of equitable subordination, section 510(b) of the Bankruptcy Code or otherwise. All subordination rights that a Holder of a Claim may have with respect to any Distribution to be made under the Combined Disclosure Statement and Plan shall be implemented through the Combined Disclosure Statement and Plan, and all actions by such Holder of a Claim related to the enforcement of such subordination rights shall be enjoined permanently. The provisions of any contractual or structural subordination of Claims shall remain enforceable by the Liquidation Trustee on behalf of the Estates after the occurrence of the Effective Date. Without limitation hereunder, the Liquidation Trustee, on behalf of the Estates, may likewise enforce any right of the Debtors or the Estates to equitably or otherwise subordinate Claims under section 510 of the Bankruptcy Code, which rights are deemed transferred to, remain and are preserved in the Liquidation Trust, except as otherwise expressly set forth herein or as expressly provided in a Final Order of the Bankruptcy Court in the Chapter 11 Cases.

**16.5 SEC Matters**. Notwithstanding any language to the contrary in the Combined Disclosure Statement and Plan and/or Confirmation Order, no provision shall (i) preclude the United States Securities and Exchange Commission ("<u>SEC</u>") from enforcing its police or regulatory powers; or (ii) enjoin, limit, impair or delay the SEC from commencing or continuing any claims, causes of action, proceeding or investigations against any non-debtor person or non-debtor entity in any forum.

**16.6 Severability of Combined Disclosure Statement and Plan Provisions**. If, prior to Confirmation, any term or provision of the Combined Disclosure Statement and Plan is held by the Bankruptcy Court to be invalid, void or unenforceable, the Bankruptcy Court, at the request of the Debtors, shall have the power to alter and interpret such term or provision to make it valid or enforceable to the maximum extent practicable, consistent with the original purpose of the term or provision held to be invalid, void or unenforceable, and such term or provision shall then be applicable as altered or interpreted. Notwithstanding any such holding, alteration or interpretation, the remainder of the terms and provisions of the Combined Disclosure Statement and Plan shall remain in full force and effect and shall in no way be affected, impaired or invalidated by such holding, alteration or interpretation. The Confirmation Order shall constitute a judicial determination and shall provide that each term and provision of the Combined Disclosure Statement and Plan, as it may be altered or interpreted in accordance with the foregoing, is valid and enforceable pursuant to its terms.

**16.7 Payment of Statutory Fees; Filing of Quarterly Reports**. All fees due and payable pursuant to section 1930 of Title 28 of the U.S. Code, together with the statutory rate of interest set forth in section 3717 of Title 31 of the U.S. Code to the extent applicable ("<u>Quarterly Fees</u>") prior to the Effective Date shall be paid by the Debtors on the Effective Date. After the Effective Date, the Debtors' Wind-Down Estates and the Liquidation Trust shall be jointly and severally liable to pay any and all Quarterly Fees when due and payable. The Debtors shall file all monthly operating reports due prior to the Effective Date when they become due, using UST Form 11-MOR. After the Effective Date, the Debtors' Wind-Down Estates and Liquidation Trust shall file with the Bankruptcy Court separate UST Form 11-PCR reports when they become due. Notwithstanding anything called for in the Combined Disclosure Statement and Plan to the contrary, each and every one of the Debtors and the Liquidation Trust, as applicable, shall remain obligated to pay Quarterly Fees to the Office of the U.S. Trustee and make such reports until the earliest of any such Debtor case being closed, dismissed, or converted to a case under Chapter 7 of the Bankruptcy Code. The U.S. Trustee shall not be required to file any Administrative Claim in the case.

**16.8 Dissolution of the Committee**. The Committee shall dissolve on the Effective Date and the members of such Committee shall be released and discharged from all further rights and duties arising from or related to the Chapter 11 Cases, except with respect to, and to the extent of any applications for Professional Fee Claims or expense reimbursements for members of the Committee. The Committee and its retained Professionals may also participate in any appeal pending as of the Effective Date or filed thereafter, the outcome of which could affect the treatment of prepetition creditors (including Holders of Allowed Priority Claims and 503(b)(9) Claims), including, but not limited to, any cases, controversies, suits or disputes arising in connection with the Consummation, interpretation, implementation or enforcement of the Combined Disclosure Statement and Plan or the Confirmation Order. The Professionals retained by the Committee shall not be entitled to assert any Administrative Claims nor shall they have an Allowed Administrative Claims for any services rendered or expenses incurred after the Effective Date except in respect of the preparation and prosecution of or any objection to any Filed fee application and participation in any appeals.

**16.9 Exemption from Section 1146**. Pursuant to section 1146(a) of the Bankruptcy Code, under the Combined Disclosure Statement and Plan, (i) the issuance, distribution, transfer or exchange of any debt, equity security or other interest in the Debtors; or (ii) the making, delivery or recording of any deed or other instrument of transfer under, in furtherance of, or in connection with, the Combined Disclosure Statement and Plan, including any deeds, bills of sale, assignments or other instrument of transfer executed in connection with any transaction arising out of, contemplated by, or in any way related to the Combined Disclosure Statement and Plan, shall not be taxed under any law imposing a stamp tax or similar tax. To the extent that the Debtors or Liquidation Trustee elect to sell any property prior to or after the Confirmation Date, such sales of property will be exempt from any transfer taxes in accordance with section 1146(c) of the Bankruptcy Code. All subsequent issuances, transfers or exchanges of securities, or the subsequent making or delivery of any instrument of transfer by the Debtors in the Chapter 11 Cases shall be deemed to be or have been done in furtherance of the Combined Disclosure Statement and Plan.

**16.10 Filing of Additional Documents**. On or before the Effective Date, the Debtors may issue, execute, deliver, and File with the Bankruptcy Court or record any agreements and other documents, and take any action as may be necessary or appropriate to effectuate, consummate and further evidence the terms and conditions of the Combined Disclosure Statement and Plan.

**16.11 Insurance**. Confirmation of the Combined Disclosure Statement and Plan and the occurrence of the Effective Date shall have no effect on insurance policies of the Debtors in which the Debtors are or were insured parties. Each insurance company is prohibited from, and the Confirmation Order shall include an injunction against, denying, refusing, altering, or delaying coverage on any basis regarding or related to the Chapter 11 Cases, the Combined Disclosure Statement and Plan or any provision within the Combined Disclosure Statement and Plan, including the treatment or means of liquidation set out within the Combined Disclosure Statement and Plan for insured Claims.

**16.12 Successors and Assigns**. The rights, benefits and obligations of any Entity named or referred to in the Combined Disclosure Statement and Plan shall be binding on, and shall inure to the benefit of, any heir, executor, administrator, successor, or assign of such Entity.

**16.13 Governing Law**. Except to the extent that the Bankruptcy Code or Bankruptcy Rules or other federal laws is applicable, and subject to the provisions of any contract, instrument, release, or other agreement or document entered into in connection with the Combined Disclosure Statement and Plan, the construction, implementation and enforcement of the Combined Disclosure Statement and Plan and all rights and obligations arising under the Combined Disclosure Statement and Plan shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without giving effect to conflicts of law principles which would apply the law of a jurisdiction other than the State of Delaware or the United States of America.

**16.14 Exhibits and Schedules**. All exhibits and schedules annexed hereto, and all documents submitted in support hereof, are incorporated into and are a part of the Combined Disclosure Statement and Plan as if set forth in full herein. Holders of Claims and Interests may obtain copies of the Filed exhibits and schedules upon written request to the Debtors. Upon their Filing, the exhibits and schedules may be inspected in the Office of the Clerk of the Bankruptcy Court or its designee during normal business hours. The documents contained in the exhibits and schedules shall be approved by the Bankruptcy Court pursuant to the Confirmation Order. To the extent any exhibit or schedule annexed hereto is inconsistent with the Combined Disclosure Statement and Plan, the contents of the Combined Disclosure Statement and Plan shall control.

**16.15 Computation of Time**. In computing any period of time prescribed or allowed by the Combined Disclosure Statement and Plan, the provisions of Bankruptcy Rule 9006(a) shall apply.

**16.16 Cancellation of Stock, Certificates, Instruments and Agreements16.17 . On the Effective Date, except as provided below, all stock, units, instruments, certificates, agreements and other documents evidencing the Interests will be cancelled, and the obligations of the Debtors thereunder or in any way related thereto will be fully released, terminated, extinguished and discharged, in each case without further notice to or order of the Bankruptcy Court, act or action under applicable law, regulation, order or rule or any requirement of further action, vote or other approval or authorization. Reservation of Rights**. The Filing of the Combined Disclosure Statement and Plan, any statement or provision contained in the Combined Disclosure Statement and Plan, or the taking of any action by the Debtors with respect thereto shall not be, and shall not be deemed to be, an admission or waiver of any rights of the Debtors with respect to the Holders of Claims and Interests.

Dated: June 4, 2025

By: <br> Name: Jack Phillips <br> Title: Chief Executive Officer and President of the Debtors and Debtors in Possession

**<u>EXHIBIT A</u>**

**Liquidation Analysis**

**D.I. 166**

**<u>Exhibit B</u>**

**Notice of Confirmation and Effective Date**

**IN THE UNITED STATES BANKRUPTCY COURT**))))) **Ref. Docket Nos. 214, [●]**))  **<u>Administrative Claims Bar Date</u>:**) **[●], 2025 at 5:00 p.m. (ET)**))  **<u>Professional Fee Claims Bar Date</u>:**) **[●], 2025**))  **<u>Rejection Damages Bar Date</u>:**)  ***See below*** 

**FOR THE DISTRICT OF DELAWARE**

**NOTICE OF (I) EFFECTIVE DATE OF SECOND AMENDED**

**COMBINED DISCLOSURE STATEMENT AND CHAPTER 11 PLAN OF**

**LIQUIDATION OF ACCELERATE DIAGNOSTICS, INC. AND ACCELERATE**

**<u>DIAGNOSTICS TEXAS, LLC AND (II) CERTAIN CLAIMS BAR DATES</u>**

**PLEASE TAKE NOTICE THAT**:

**<u>Entry of Confirmation Order</u>.** On August [●], 2025, the United States Bankruptcy Court for the District of Delaware (the "<u>Bankruptcy Court</u>") entered the *Findings of Fact, Conclusions of Law, and Order Approving Adequacy of Disclosures on a Final Basis and Confirming the Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. [●]] (the "<u>Confirmation Order</u>"), pursuant to which the Bankruptcy Court approved and confirmed the *Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation of Accelerate Diagnostics, Inc. and Accelerate Diagnostics Texas, LLC* [D.I. 214] (the "<u>Combined Disclosure Statement and Plan</u>").<sup>2</sup>

<sup>1</sup> The Debtors in these chapter 11 cases, along with the last four digits of their federal tax identification numbers, are Accelerate Diagnostics, Inc. (2256) and Accelerate Diagnostics Texas, LLC (9947). The Debtors' service address for purposes of these chapter 11 cases is: 3950 S. Country Club Road Suite 470, 4th Floor Tucson, Arizona 85714.

<sup>2</sup> Capitalized terms used but not defined herein are defined in the Combined Disclosure Statement and Plan

**<u>Effective Date</u>.** The Effective Date, as defined in the Combined Disclosure Statement and Plan, occurred on **[●], 2025.**

**<u>Administrative Claims Bar Date</u>.** Holders of Administrative Claims, other than: (i) Professional Fee Claims; (ii) an Administrative Claim that has been Allowed on or before the Effective Date; (iii) a 503(b)(9) Claim; (iv) any Claim, to the extent not previously paid, for the reasonable and documented out-of-pocket fees, expenses, costs and other charges incurred by the Initial DIP Lender, the Debtors' payment of which is provided for in the Final DIP Order and the Combined Disclosure Statement and Plan, which Claim shall be Allowed on the Effective Date; (v) an Administrative Claim for an expense or liability incurred prior to the Effective Date in the ordinary course of business; (vi) an Administrative Claim on account of fees and expenses incurred on or after the Petition Date but before the Effective Date by ordinary course professionals retained by the Debtors pursuant to an order of the Bankruptcy Court; (vii) an Administrative Claim arising, in the ordinary course of business, out of the employment by one or more Debtors of an individual from and after the Petition Date but before the Effective Date, but only to the extent that such Administrative Claim is solely for outstanding wages, commissions, accrued benefits, or reimbursement of business expenses; (viii) U.S. Trustee Fees; or (ix) an Intercompany Claim, shall file with the Bankruptcy Court and serve on the Debtors, the Liquidation Trustee, the Claims Agent and the U.S. Trustee requests for payment, in writing, together with supporting documents, substantially complying with the Bankruptcy Code and the Bankruptcy Rules, so as to actually be received on or before **5:00 p.m. (EST) on [●], 2025.**

As defined in the Combined Disclosure Statement and Plan, an "Administrative Claim" is any Claim for costs and expenses of administration of the Chapter 11 Cases allowed under sections 503(b), 507(a)(2), 507(b) or, if applicable, 1114(e)(2) of the Bankruptcy Code, including but not limited to: (a) any actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (including, but not limited to, wages, salaries, commissions for services and payments for inventories, leased equipment and premises) and Claims by Governmental Units for taxes (including Claims related to taxes which accrued after the Petition Date, but excluding Claims related to taxes which accrued on or before the Petition Date); (b) Professional Fee Claims; (c) U.S. Trustee Fees; (d) 503(b)(9) Claims; (e) Prepetition Super Priority Notes Adequate Protection Claims; and (f) any Claims that have been designated "Administrative Claims" by Final Order of the Bankruptcy Court (including the Final DIP Order). **FAILURE TO FILE AND SERVE SUCH PROOF OF ADMINISTRATIVE CLAIM TIMELY AND PROPERLY SHALL RESULT IN THE ADMINISTRATIVE CLAIM BEING FOREVER BARRED AND RELEASED.**

**<u>Professional Fee Claims Bar Date</u>.** All requests for compensation or payment of Professional Fee Claims incurred through and including the Effective Date must be filed with the Bankruptcy Court and served in accordance with the procedures prescribed by the Combined Disclosure Statement and Plan, the Confirmation Order, the Bankruptcy Rules, and other rules and orders of the Bankruptcy Court on or before **[●], 2025.** As defined by the Combined Disclosure Statement and Plan, a "Professional Fee Claim" is a Claim for all fees and expenses (including but not limited to, transaction fees and success fees) for services rendered by Professionals in connection with the Chapter 11 Cases from the Petition Date through and including the Effective Date. Objections to such Professional Fee Claims, if any, must be filed and served no later than twenty-one (21) calendar days after the filing of such fee application or such other date as established by the Bankruptcy Court.

**<u>Procedures Relating to Assumption and Rejection of Executory Contracts</u>.** Pursuant to Section 12 of the Combined Disclosure Statement and Plan, each Executory Contract not previously rejected, assumed, or assumed and assigned (including any Executory Contract assumed and assigned in connection with a Sale) shall be deemed automatically rejected pursuant to sections 365 and 1123 of the Bankruptcy Code, unless such Executory Contract: (i) as of the Effective Date is subject to a pending motion to assume such Executory Contract; (ii) is a contract, release, or other agreement or document entered into in connection with the Combined Disclosure Statement and Plan; (iii) is a D&O Policy or an insurance policy; or (iv) is identified for assumption on the Assumption Schedule included in the Plan Supplement.

**<u>Rejection Damages Claim Bar Date</u>.** Unless otherwise provided by an order of the Bankruptcy Court, any Proofs of Claim based on the rejection of the Executory Contracts pursuant to the Combined Disclosure Statement and Plan or otherwise must be filed with the Bankruptcy Court and served on the Liquidation Trustee no later than thirty (30) days after the earlier of (i) notice of entry of an order approving the rejection of such Executory Contract; and (ii) notice of occurrence of the Effective Date. **Any Claims arising from the rejection of the Executory Contracts that are not timely filed pursuant to Section 12.2 of the Combined Disclosure Statement and Plan shall be subject to disallowance by objection after notice and an opportunity for hearing. All Allowed Claims arising from the rejection of the Executory Contracts shall be classified as Class 5 General Unsecured Claims, except as otherwise provided by order of the Bankruptcy Court.**

**<u>Post-Effective Date Notice</u>**. After the Effective Date, all persons or Entities that wish to continue to receive documents pursuant to Bankruptcy Rule 2002 must file a renewed request to receive documents pursuant to Bankruptcy Rule 2002.

**<u>Copies of Plan Related Documents</u>.** Copies of the Confirmation Order and the Combined Disclosure Statement and Plan, together with all pleadings and orders of the Bankruptcy Court in these Chapter 11 Cases, are publicly available by accessing the Bankruptcy Court's website, http://www.deb.uscourts.gov, for a nominal charge (a PACER account is required), or by accessing the Claims Agent's website, https://cases.stretto.com/AccelerateDiagnostics, free of charge.

**<u>Binding Effect of Combined Disclosure Statement and Plan and Confirmation Order</u>.** The provisions of the Combined Disclosure Statement and Plan and the Confirmation Order shall be binding and inure to the benefit of the Debtors, the Liquidation Trustee, the Released Parties, all present and former holders of Claims and Interests, and their respective successors and assigns. Except as expressly provided in the Combined Disclosure Statement and Plan, all agreements, instruments and other documents filed in connection with the Combined Disclosure Statement and Plan shall be given full force and effect, and shall bind all parties referred to therein as of the Effective Date, whether or not such agreements are actually issued, delivered, or recorded on the Effective Date or thereafter and whether or not a party has actually executed such agreement. Effective as of and subject to the occurrence of the Effective Date and subject to the terms of the Combined Disclosure Statement and Plan and the Confirmation Order, all prior orders entered in the Chapter 11 Cases, all documents and agreements executed by the Debtors as authorized and directed thereunder and all motions or requests for relief by the Debtors pending before the Court as of the Effective Date that ultimately are granted shall be binding upon and shall inure to the benefit of the Debtors, the Liquidation Trustee, and their respective successors and assigns.

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| | |
|:---|:---|
| Dated: [●], 2025 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilmington, Delaware |  |
|  | **MORRIS NICHOLS ARSHT & TUNNELL LLP** |
|  | /<u>s/ *DRAFT*</u> |
|  | Andrew R. Remming (No. 5120) |
|  | Tamara K. Mann (No. 5643) |
|  | Casey B. Sawyer (No. 7260) |
|  | 1201 North Market Street, 16th Floor |
|  | P.O. Box 1347 |
|  | Wilmington, Delaware 19899-1347 |
|  | Telephone: (302) 658-9200 |
|  | Facsimile: (302) 658-3989 |
|  | Email: aremming@morrisnichols.com |
|  | tmann@morrisnichols.com |
|  | csawyer@morrisnichols.com |
|  | -and- |
|  | **FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP** |
|  | Rachel C. Strickland (admitted *pro hac vice*) |
|  | Andrew S. Mordkoff (admitted *pro hac vice*) |
|  | Erin C. Ryan (admitted *pro hac vice*) |
|  | Cameron J. Cavalier (admitted *pro hac vice*) |
|  | One New York Plaza |
|  | New York, New York 10004 |
|  | Telephone: (212) 859-8000 |
|  | Facsimile: (212) 859-4000 |
|  | Email: rachel.strickland@friedfrank.com |
|  | andrew.mordkoff@friedfrank.com |
|  | erin.ryan@friedfrank.com |
|  | cameron.cavalier@friedfrank.com |
|  | *Co-Counsel to the Debtors and Debtors in Possession* |

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