Document:

EX-10.4

 Exhibit 10.4 

EXECUTION VERSION 

VOTING AND SUPPORT AGREEMENT 

This VOTING AND SUPPORT AGREEMENT (this “Agreement”), dated as of December 12, 2016, is entered into by and among
Patterson-UTI Energy, Inc., a Delaware corporation (“Parent”), and the undersigned signatories set forth on the signature pages hereto under the heading “Stockholders” (the
“Stockholders”). The parties to this Agreement are sometimes referred to herein collectively as the “Parties,” and individually as a “Party.” Capitalized terms used herein
without definition shall have the respective meanings specified in the Merger Agreement (as defined below). 
 WHEREAS, the Stockholders in
aggregate own 1,972,888 shares (the “Stockholder Shares”) of common stock of Seventy Seven Energy Inc., a Delaware corporation (the “Company”) (such Stockholder Shares, together with (a) any other
equity interests in the Company or (b) rights to acquire such equity interests, in each case acquired (whether beneficially or of record) by the Stockholders after the date hereof and prior to the Expiration Date, including any shares of common
stock of the Company or rights to acquire such shares acquired by means of purchase, dividend or distribution, or issued upon the exercise of any options or warrants (including any Company Warrants) or the conversion of any convertible securities or
otherwise, being collectively referred to herein as the “Securities”); 
 WHEREAS, Parent, Pyramid Merger Sub, Inc.,
a Delaware corporation (“Merger Sub” and together with Parent, the “Parent Entities”), and the Company, propose to enter into an Agreement and Plan of Merger, dated as of the date hereof (the
“Merger Agreement”), pursuant to which, among other things, Merger Sub will be merged with and into the Company with the Company surviving as a wholly owned Subsidiary of Parent, all upon the terms and subject to the
conditions set forth in the Merger Agreement (the “Merger”); 
 WHEREAS, the approval of the Merger and the adoption
of the Merger Agreement by the holders of a majority of the issued and outstanding shares of common stock of the Company entitled to vote as of the record date is a condition to the consummation of the Merger; and 

WHEREAS, as a condition to the willingness of the Parent Entities to enter into the Merger Agreement and as an inducement and in consideration
therefor, the Stockholders have agreed to enter into this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, the Parties agree as follows: 

ARTICLE I 
 VOTING; GRANT
AND APPOINTMENT OF PROXY 
 Section 1.1 Voting. From and after the date hereof until the
earliest of (a) the consummation of the Merger, (b) six (6) months following the date of termination of the Merger Agreement pursuant to and in compliance with Section 7.1(d) or 7.1(e) of the Merger Agreement, or pursuant to and in
compliance with Section 7.1(f) of the Merger Agreement as a result of a material breach by the Company of the covenants set forth in Section 5.8(a) or 

 
5.8(b) of the Merger Agreement, (c) the termination of the Merger Agreement pursuant to and in compliance with the terms therein in circumstances in which the Merger Agreement was not
terminated pursuant to Section 7.1(d) or 7.1(e) of the Merger Agreement, or pursuant to and in compliance with Section 7.1(f) of the Merger Agreement as a result of a material breach by the Company of the covenants set forth in Section 5.8(a) or
5.8(b) of the Merger Agreement, and (d) with respect to each Stockholder, the entry into without the prior written consent of such Stockholder into any amendment or modification of the Merger Agreement or any waiver of any of the
Company’s rights under the Merger Agreement, in each case, which results in a decrease in, or change in the composition of, the Exchange Ratio or imposes any material restrictions or additional constraints on the composition of, the Exchange
Ratio (such earliest date, the “Expiration Date”), each of the Stockholders irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each adjourned or postponed meeting) of the
Company’s stockholders, however called, or in connection with any written consent of the Company’s stockholders, such Stockholder (in such capacity and not in any other capacity) will (i) appear at such meeting or otherwise cause all
of the Securities (whether owned beneficially or of record by such Stockholder) to be counted as present thereat for purposes of calculating a quorum and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all
of the Securities (whether owned beneficially or of record by such Stockholder) as follows: 
 (a) with respect to each meeting at which a
vote of such Stockholder on the adoption of the Merger Agreement is requested (a “Merger Proposal”), in favor of the Merger Proposal and in favor of any other matter submitted to the Company’s stockholders as to approval
of the Merger and other transactions contemplated by the Merger Agreement; 
 (b) against any Company Acquisition Proposal, without regard to
the terms of such Company Acquisition Proposal; 
 (c) against any other action, agreement or transaction that is expressly intended or that
would reasonably be expected to materially impede, interfere with, delay or postpone the Merger or any of the other transactions contemplated by the Merger Agreement or the performance of the Company’s obligations under this Agreement,
including, but not limited to, any of the following: (i) any merger, consolidation or other business combination involving the Company or any of its Subsidiaries; or (ii) a sale, lease or transfer of all or substantially all of the assets
of the Company and its Subsidiaries, taken as a whole, or a reorganization, recapitalization or liquidation of the Company and its Subsidiaries, excluding, in each such case, (A) any action, agreement or transaction that is approved in writing
by Parent, (B) the Merger and (C) any other transaction that is expressly contemplated by or provided for in the Merger Agreement; 

(d) against any action, proposal, transaction or agreement that would reasonably be expected to result in a breach of any covenant,
representation or warranty or any other obligation or agreement of the Company contained in the Merger Agreement, or of such Stockholder contained in this Agreement; and 

(e) in favor of any other matter submitted to the Company’s stockholders necessary to the consummation of the transactions contemplated by
the Merger Agreement, including the Merger (clauses (a) through (e), the “Required Votes”). 

  
 2 

 Section 1.2 Grant of Irrevocable Proxy; Appointment of
Proxy. 
 (a) From and after the date hereof until the Expiration Date, each Stockholder hereby irrevocably and unconditionally
grants to, and appoints, Parent and each of its executive officers or other designees as such Stockholder’s proxy and attorney-in-fact (with full power of
substitution), for and in the name, place and stead of such Stockholder, to vote or cause to be voted (including by proxy or written consent, if applicable) its Securities in accordance with the Required Votes. 

(b) Each Stockholder hereby revokes any proxies heretofore given in respect of the Securities, if any, are revocable. 

(c) Each Stockholder hereby affirms that the irrevocable proxy set forth in this Section 1.2 is given in connection
with the execution of the Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Stockholder under this Agreement; provided, that each Stockholder’s grant of the proxy contemplated by
this Section 1.2 shall only entitle Parent or its designee to vote such Stockholder’s Securities in accordance with the Required Votes, and each Stockholder shall retain the authority to vote its Securities on all
other matters. Each Stockholder hereby further affirms that the irrevocable proxy set forth in this Section 1.2 is coupled with an interest and, except upon the occurrence of the Expiration Date, is intended to be
irrevocable. 
 Section 1.3 Restrictions. 

(a) Each Stockholder hereby agrees that, from the date hereof until the Expiration Date, it shall not, directly or indirectly, (i) except
in connection with the consummation of the Merger, sell, transfer (by gift or otherwise), assign, tender in any tender or exchange offer, pledge, encumber, hypothecate or similarly dispose of (by merger, by testamentary disposition, by operation of
law or otherwise), either voluntarily or involuntarily (a “Transfer”), or to enter into any contract, option or other arrangement or understanding with respect to the Transfer, any Securities or any Company Warrants;
(ii) except in connection with the consummation of the Merger, deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy, consent or power of attorney with respect thereto that is inconsistent
with this Agreement; (iii) exercise any demand or similar rights provided to such Stockholder pursuant to that certain Registration Rights Agreement by and among the Company and certain of the Company’s stockholders dated as of
August 1, 2016; or (iv) agree to take any of the actions referred to in the foregoing clause (i), (ii) or (iii); provided that each Stockholder shall be permitted to Transfer and enter into
any contract with respect to the Transfer, of any Securities or Company Warrants to an Affiliate of the Stockholder as long as such Affiliate agrees to be bound by the terms of this Agreement as if it were a Stockholder. Any transfer in violation of
this Section 1.3(a) shall be null and void; provided, further, that if the Merger Agreement is terminated, then, from and after the date on which the Merger Agreement is terminated until the Expiration Date, each Stockholder may
Transfer, and enter into any contract, option or other arrangement or understanding with respect to the Transfer of, Securities or Company Warrants to any Person so long as (x) such Transfer is a “broker’s transaction” within the
meaning of Rule 144 promulgated under the Securities Act and (y) to the actual knowledge of such Stockholder at the time of Transfer, such Transfer would not cause any Person to acquire beneficial ownership (as such term is used in Rule 13d-3 of the Exchange Act) of Securities or Warrants representing more than 10% of the aggregate number of shares of Company Common Stock then held by all of the Stockholders. 

  
 3 

 (b) Each Stockholder hereby agrees that, from the date hereof until the earlier of the Closing
Date or the termination of the Merger Agreement pursuant to and in compliance with the terms thereof, it shall not, directly or indirectly, offer, sell, short sell, contract to sell, pledge, encumber, hypothecate or otherwise dispose of any shares
of Parent Common Stock. Any transfer in violation of this Section 1.3(b) shall be null and void. 

Section 1.4 Company Change in Recommendation. Notwithstanding anything to the contrary in this
Agreement, if at any time following the date hereof and until the termination of the Merger Agreement pursuant to and in compliance with the terms thereof there occurs a Company Change in Recommendation pursuant to Section 5.8(c) of the Merger
Agreement (a “Change of Recommendation Event”), then the obligations of each Stockholder to vote its Securities in accordance with Section 1.1(a) and Section 1.1(e), shall
be limited to the number of shares of Company Common Stock held by such Stockholder, rounded down to the nearest whole share, equal to the product of (a) such Stockholder’s Pro Rata Share multiplied by (b) the Covered Company Common
Stock (such amount for each Stockholder, the “Covered Securities”); provided that all other obligations and restrictions contained in this Agreement, including those set forth in
Section 1.1(b), Section 1.1(c) and Section 1.1(d) shall continue to apply to all of such Stockholder’s Securities; provided, further, however, that if a Change of Recommendation Event occurs,
notwithstanding any other obligations hereunder, any Stockholder shall be expressly permitted to vote its Securities that are not Covered Securities in its sole discretion with respect to any Merger Proposal, including against such Merger Proposal.
For purposes of this Agreement, (i) the “Covered Company Common Stock” shall mean the total number of shares of Company Common Stock outstanding as of the record date of the applicable stockholder meeting multiplied by
0.3999 and (ii) such Stockholder’s “Pro Rata Share” shall mean the quotient of the number of Securities held by such Stockholder divided by the number of Securities held by all of the Voting Agreement Stockholders
in the aggregate. 
 Section 1.5 Injunction. Notwithstanding anything to the contrary in this
Agreement, if at any time following the date hereof and prior to the Expiration Date a Governmental Body of competent jurisdiction enters an order restraining, enjoining or otherwise prohibiting the Stockholders or their Affiliates from
(a) consummating the transactions contemplated by the Merger Agreement or (b) taking any action pursuant to Section 1.1 or Section 1.2 of this Agreement, then (i) the obligations of
each Stockholder set forth in Section 1.1 and the irrevocable proxy and power of attorney in Section 1.2 shall be of no force and effect for so long as such order is in effect and, in the case of
clause (b), solely to the extent such order restrains, enjoins or otherwise prohibits such Stockholder from taking any such action, and (ii) each Stockholder shall cause the Securities to not be represented in person or by proxy at any
meeting at which a vote of such Stockholder on the Merger is requested. Notwithstanding anything to the contrary in this Section 1.5, the restrictions set forth in Section 1.3(a) shall continue to
apply with respect to the Securities until the Expiration Date. 

  
 4 

 ARTICLE II 

NO SOLICITATION 

Section 2.1 Restricted Activities. During the Pre-Closing
Period, each Stockholder shall not directly or indirectly, and shall cause its Subsidiaries not to, and shall use its reasonable best efforts to cause any Representative of such Stockholder or any of its Subsidiaries not to, directly or indirectly,
(a) solicit, initiate, facilitate, knowingly encourage (including by way of furnishing confidential information), or induce or take any other action that could reasonably be expected to lead to any inquiries, proposals or indications of
interest that constitute the making, submission, or announcement of any Company Acquisition Proposal, (b) furnish any nonpublic information regarding the Company or any of its Subsidiaries to any Person in connection with or in response to a
Company Acquisition Proposal or an inquiry or indication of interest that would reasonably be expected to lead to a Company Acquisition Proposal, (c) engage in discussions or negotiations with any Person with respect to any Company Acquisition
Proposal, (d) approve, endorse, or recommend any Company Acquisition Proposal, (e) enter into any letter of intent or similar document or any Contract contemplating or otherwise relating to any Company Acquisition Transaction or
(f) provide “Holder Consent” as defined under and in accordance with the Company Stockholders Agreement with respect to any Person (other than Parent and Merger Sub), relating to an Acquisition Transaction; provided, that
nothing herein shall prohibit any Stockholder, its Representatives or any of its Affiliates from taking any of the actions described in clauses (b), (c), (d) or (e) above with respect to a Company Acquisition Proposal to the extent that the
Company or the Company Board becomes permitted to take such action pursuant to Section 5.5 of the Merger Agreement. 

Section 2.2 Notification. Each Stockholder shall promptly (and in no event later than 24 hours after receipt thereof)
advise Parent orally and in writing of any Company Acquisition Proposal, any inquiry, proposal or indication of interest that would reasonably be expected to lead to a Company Acquisition Proposal, any request for nonpublic information relating to
the Company or any of its Subsidiaries with respect to a Company Acquisition Proposal, or any request for discussions or negotiations sought to be initiated or continued with, the Company in respect of any Company Acquisition Proposal (including the
identity of the Person making or submitting such Company Acquisition Proposal, inquiry, indication of interest or request and the material terms thereof) that is made or submitted by any Person during the
Pre-Closing Period. Each Stockholder shall promptly (and in no event later than 24 hours after receipt thereof) provide Parent with copies of draft agreements relating to, or written proposals containing any
material term of, such Company Acquisition Proposal, inquiry or indication of interest received from or on behalf of such Person. Each Stockholder shall keep Parent fully informed with respect to the status and material terms of any such Company
Acquisition Proposal, inquiry, indication of interest, or request and any modification or proposed modification thereto (and each Stockholder shall promptly provide Parent with copies of draft agreements relating to, or written proposals containing
any material term of, such Company Acquisition Proposal, inquiry or indication of interest that such Stockholder has delivered to any third Person making a Company Acquisition Proposal) and of the status of any such discussions or negotiations. 

Section 2.3 Capacity. Each Stockholder is signing this Agreement solely in its capacity as a Company
stockholder, and nothing contained herein shall in any way, or shall require any Stockholder to attempt to limit or affect any actions taken by any Representative of 

  
 5 

 
such Stockholder in his or her capacity as a director, officer or employee of the Company or any of its Subsidiaries, and no action taken (or failed to be taken) in any such capacity as director,
officer or employee shall be deemed to constitute a breach of this Agreement. Nothing in this Article II is intended to limit the obligations and agreements of the Company under the Merger Agreement. 

ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE STOCKHOLDERS 

Section 3.1 Representations and Warranties. Each Stockholder represents and warrants to Parent as
follows: (a) such Stockholder has the requisite corporate, partnership or limited liability company power and authority to execute, deliver and perform its obligations under this Agreement; (b) this Agreement has been duly executed and
delivered by such Stockholder; (c) assuming due authorization, execution and delivery by Parent, this Agreement constitutes the valid and binding agreement of the Stockholder, enforceable against such Stockholder in accordance with its terms
(except to the extent that its enforceability may be limited by the Bankruptcy and Equity Exception); (d) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby by such Stockholder
have been duly authorized by all necessary action on the part of such Stockholder and do not and will not conflict with or violate any Legal Requirements or agreements binding upon such Stockholder, nor require the Consent of any Governmental Body
required to be obtained by such Stockholder, or a filing with any Governmental Body required to be made by such Stockholder, except for filings with the SEC by such Stockholder and approvals under Antitrust Laws; (e) such Stockholder
beneficially owns (as such term is used in Rule 13d-3 of the Exchange Act) the Securities set forth opposite such Stockholder’s name on Exhibit A attached hereto; (f) except for the
restrictions created under this Agreement, the Securities Act, applicable “blue sky” Legal Requirements, pursuant to any written policies of the Company with respect to the trading of securities in connection with insider trading
restrictions, such Stockholder owns, beneficially and of record, all such Stockholder Securities free and clear of any proxy, voting restriction, adverse claim or other Lien and has sole voting power with respect to such Stockholder Securities and
sole power of disposition with respect to all such Stockholder Securities, with no restrictions on such Stockholder’s rights of voting or disposition pertaining thereto, and no person other than such Stockholder has any right to direct or
approve the voting or disposition of any of the Securities; (g) such Stockholder is not a party to any proxies heretofore given in respect of its Securities; and (h) such Stockholder has executed, and provided Parent a copy of, the Company
Holder Consent with respect to the entry into the Merger Agreement and the consummation of the Merger. 
 Section 3.2
Certain Other Agreements. 
 Each Stockholder hereby: 

(a) irrevocably waives, and agrees not to exercise, any rights of appraisal or rights of dissent from the Merger that such Stockholder may have
with respect to the Securities; 
 (b) agrees to promptly notify Parent of the number of any additional Securities acquired by such
Stockholder or any of its Subsidiaries after the date hereof and prior to the Expiration Date, and that any such Securities shall be subject to the terms of this Agreement as though owned by such Stockholder on the date hereof; 

  
 6 

 (c) agrees to permit Parent and the Company to publish and disclose in the Proxy Statement such
Stockholder’s identity and ownership of the Securities and the nature of such Stockholder’s commitments, arrangements and understandings under this Agreement, in each case to the extent Parent or the Company reasonably determines that such
information is required to be publicly disclosed by applicable Legal Requirements; provided, that Parent and the Company shall give such Stockholder and its legal counsel opportunity to review and comment on such publications or disclosures
prior to being made public; and 
 (d) shall and does authorize Parent or its counsel to notify the Company’s transfer agent that there
is a stop transfer order with respect to all of the Securities (and that this Agreement places limits on the voting and transfer of such Securities); provided that Parent or its counsel further notifies the Company’s transfer agent to
lift and vacate the stop transfer order with respect to the Securities following the Expiration Date. 
 Section 3.3
Lock-up. No Stockholder shall, during the Lock-up Period, (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Parent Common Stock or any securities convertible into or exercisable or exchangeable
for Parent Common Stock or any rights thereto (including Parent Common Stock or such other securities convertible into or exercisable or exchangeable for Parent Common Stock that may be deemed to be beneficially owned by such Stockholder in
accordance with the rules and regulations of the SEC) (collectively, the “Restricted Parent Securities”) or publicly disclose the intention to make any such offer, sale, pledge or disposition or (b) enter into any swap
or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Parent Common Stock or such other securities convertible into or exercisable or exchangeable for Parent Common Stock, whether any such
transaction described in clause (a) or (b) above is to be settled by delivery of Parent Common Stock or such other securities convertible into or exercisable or exchangeable for Parent Common Stock, in cash or otherwise. In
furtherance of the foregoing, Parent and any duly appointed transfer agent for the registration or transfer of the Restricted Parent Securities described herein are hereby authorized to decline to make any transfer of Restricted Parent Securities if
such transfer would constitute a violation or breach of this Section 3.3. The term “Lock-up Period” means the period commencing on the Closing Date and ending on the
earliest to occur of (i) 30 days after the closing of one or more sales by Parent after the date hereof of Parent Common Stock or the incurrence of indebtedness by Parent and its Subsidiaries in the form of term loans or notes for aggregate
gross proceeds of $400 million or more and (ii) 90 days after the Closing Date; provided that there shall be no Lock-up Period if the 30-day period set
forth in clause (i) expires prior to the Closing Date. 
 ARTICLE IV 

TERMINATION 
 This
Agreement shall terminate and be of no further force or effect upon the Expiration Date. Notwithstanding the preceding sentence, this Article IV and Article V shall survive any termination of this Agreement. Nothing in this Article
IV relieves any Party of any liability for any breach of any covenant or agreement contained herein occurring prior to termination. 

  
 7 

 ARTICLE V 

MISCELLANEOUS 

Section 5.1 Expenses. All fees and expenses incurred in connection with this Agreement and the
transactions contemplated by this Agreement shall be paid by the Party incurring such expenses, whether or not the Merger is consummated. 

Section 5.2 Notices. All notices and other communications hereunder shall be in writing and shall be
delivered by hand, by facsimile, or by overnight courier service (except for notices specifically required to be delivered orally). Such communications shall be deemed given to a Party (a) at the time and on the date of delivery, if delivered
by hand or by facsimile (with, in the case of delivery by facsimile, confirmation of date and time of transmission by the transmitting equipment, and such delivery by facsimile subsequently confirmed with a copy delivered as provided in
clause (b) on the next Business Day), (b) at the end of the first Business Day following the date on which sent by overnight service by a nationally recognized courier service (costs prepaid), and (c) if sent by email, upon prompt
confirmation by telephone of successful transmission of such email; provided that such email is followed up within one Business Day by dispatch pursuant to one of the other methods described herein. 

Such communication in each case shall be delivered to the following addresses or facsimile numbers and marked to the attention of the person
(by name or title) designated below (or to such other address, facsimile number, or person as a Party may designate by notice to the other Parties): 

If to Parent, to: 
 Patterson-UTI Energy, Inc. 
 10713 West Sam Houston Parkway N., Suite 800 

Houston, Texas 77064 
 Attention:
General Counsel 
 Facsimile No.: (281) 765-7175 

With a copy to (which does not constitute notice): 

Vinson & Elkins L.L.P. 

1001 Fannin Street, Suite 2500 

Houston, Texas 77002 
 Attention:
Stephen M. Gill 
                   Douglas E.
McWilliams 
 Facsimile No.: (713) 615-5956/ (713) 615-5725

 Email: sgill@velaw.com 

            dmcwilliams@velaw.com 

  
 8 

 If to the Stockholders: 

527 Madison Avenue, 6th Floor 

New York, New York 10022 

Attention: Operations Department 

Facsimile No.: (646) 747-9540 

Email: operations@mudrickcapital.com 

With a copy to (which does not constitute notice): 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York,
New York 10019 
 Attention: Project Egypt 

Facsimile No.: (212) 403-2000 

Email: Egypt067140001@wlrk.com 

Section 5.3 Amendments; Waivers. This Agreement may not be amended, except by an instrument in writing
signed by or on behalf of each of the Parties. The rights and remedies of the Parties are cumulative and not alternative. Neither any failure nor any delay by any Party in exercising any right, power, or privilege under this Agreement or any of the
documents referred to in this Agreement will operate as a waiver of such right, power, or privilege and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or
privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable Legal Requirements, (i) no waiver that may be given by a Party will be applicable except in the specific instance for which it is
given; and (ii) no notice to or demand on one Party will be deemed to be a waiver of any obligation of that Party or of the right of the Party giving such notice or demand to take further action without notice or demand as provided in this
Agreement or the documents referred to in this Agreement. 
 Section 5.4 Assignment. No Party may
assign any of its rights or delegate any of its obligations under this Agreement without the prior written Consent of the other Parties. Any attempted assignment of this Agreement or of any such rights or delegation of obligations without such
consent shall be void and of no effect. This Agreement will be binding upon, and shall be enforceable by and inure solely to the benefit of, the parties hereto and their respective successors and permitted assigns. 

Section 5.5 No Partnership, Agency, or Joint Venture. This Agreement is intended to create, and
creates, a contractual relationship and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship among the Parties. 

Section 5.6 Entire Agreement. This Agreement, including the schedules, exhibits, and amendments hereto
and any other document or instrument referred to herein constitute the entire agreement among the Parties and supersede all other prior or contemporaneous agreements and understandings, both written and oral, among or between any of the Parties with
respect to the subject matter hereof and thereof. 

  
 9 

 Section 5.7 No Third-Party Rights. Nothing in this
Agreement, express or implied, is intended to or shall confer upon any Person (other than the Parties) any right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement. 

Section 5.8 Jurisdiction; Specific Performance; Waiver of Jury Trial. 

(a) The Parties submit to the exclusive jurisdiction of the Court of Chancery of the State of Delaware or, if such Court does not have subject
matter jurisdiction, to the Superior Court of the State of Delaware or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United States sitting in the State of Delaware, and hereby
irrevocably and unconditionally agree that all claims with respect to any such claim shall be heard and determined in such Delaware court or, to the extent required by applicable Legal Requirements, in such Federal courts of the United States
sitting in the State of Delaware. The Parties agree that a final judgment in any such claim is conclusive and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by Legal Requirements. Each Party
irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement or any related matter in any Delaware state or Federal court located in the State of Delaware and the defense of an inconvenient forum to the maintenance of such claim in any such court. 

(b) The Parties acknowledge and agree that each Party would be irreparably damaged if any of the provisions of this Agreement are not performed
in accordance with their specific terms and that any breach of this Agreement by any Party could not be adequately compensated by monetary damages alone. Accordingly, in addition to any other right or remedy to which any Party may be entitled, at
law or in equity, each Party shall be entitled to enforce any provision of this Agreement by a decree of specific performance and temporary, preliminary, and permanent injunctive relief to prevent breaches or threatened breaches of any of the
provisions of this Agreement, without posting any bond or other undertaking. In the event that any action shall be brought by a Party in equity to enforce the provisions of the Agreement, no other Party shall allege or assert, and each Party hereby
waives the defense, that there is an adequate remedy at law or that the award of specific performance is not an appropriate remedy for any reason of law or equity. 

(c) Each of the parties irrevocably waives any and all rights to trial by jury in any action or proceeding between the Parties arising out of
or relating to this Agreement and the transactions contemplated hereby. 
 Section 5.9 Governing
Law. This Agreement and the agreements, instruments, and documents contemplated hereby, shall be governed by, and construed in accordance with, the Legal Requirements of the State of Delaware, without regard to any applicable principles of
conflicts of law that might require the application of the Legal Requirements of any other jurisdiction. 

Section 5.10 Interpretation. In this Agreement, unless a clear contrary intention appears:
(a) the singular number includes the plural number and vice versa;; (b) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors

  
 10 

 
and assigns are not prohibited by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually; (c) reference to any gender
includes each other gender;; (d) reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or modified and in effect from time to time in accordance with the terms thereof; (e) reference
to any Legal Requirement means such Legal Requirement as amended, modified, codified, replaced, or reenacted, in whole or in part, and in effect from time to time, including rules and regulations promulgated thereunder, and reference to any Section
or other provision of any Legal Requirement means that provision of such Legal Requirement from time to time in effect and constituting the substantive amendment, modification, codification, replacement, or reenactment of such Section or other
provision; (f) hereunder,” “hereof,” “hereto,” “herein,” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Section or other provision;
(g) “including” (and with correlative meaning “include”) means including without limiting the generality of any description preceding such term; (h) “or” is used in the inclusive sense of “and/or;”;
(i) references to documents, instruments, or agreements shall be deemed to refer as well to all addenda, exhibits, schedules, or amendments thereto (but only to the extent, in the case of documents, instruments, or agreements that are the
subject of representations and warranties set forth herein, copies of all addenda, exhibits, schedules, or amendments have been provided on or prior to the date of this Agreement to the Party to whom such representations and warranties are being
made). This Agreement was negotiated by the Parties with the benefit of legal representation and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any Party shall not apply to any
construction or interpretation hereof. The headings contained in this Agreement are for convenience of reference only, shall not be deemed to be a part of this Agreement, and shall not be referred to in connection with the construction or
interpretation of this Agreement. 
 Section 5.11 Counterparts. (a) The Agreement may be
executed in several counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument and shall become effective when counterparts have been signed by each of the Parties and delivered to the other
Parties; it being understood that all Parties need not sign the same counterpart. 
 (b) The exchange of signed copies of this Agreement or
of any other document contemplated by this Agreement (including any amendment or any other change thereto) by any electronic means intended to preserve the original graphic and pictorial appearance of a document shall constitute effective execution
and delivery of this Agreement as to the Parties and may be used in lieu of an original Agreement or other document for all purposes. Signatures of the Parties transmitted by any electronic means referenced in the preceding sentence shall be deemed
to be original signatures for all purposes. 
 (c) Notwithstanding the E-SIGN Act or any other Legal
Requirement relating to or enabling the creation, execution, delivery, or recordation of any contract or signature by electronic means, and notwithstanding any course of conduct engaged in by the Parties, no Party shall be deemed to have executed
this Agreement or any other document contemplated by this Agreement (including any amendment or other change thereto) unless and until such Party shall have executed this Agreement or such document on paper by a handwritten original signature with
current intention to authenticate this Agreement or such other contemplated document and an original of such signature has been exchanged by the Parties either by physical delivery or in the manner set forth in Section 5.11(b).
“Originally signed” or “original signature” means or refers to a signature that has not been mechanically or electronically reproduced. 

  
 11 

 Section 5.12 Severability. If any provision of this
Agreement is held invalid, illegal, or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect, so long as the economic or legal substance of the transactions contemplated by
this Agreement is not affected in any manner materially adverse to any Party. 
 [Signature Page Follows] 

  
 12 

 IN WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement as of the date
and year first written above. 
  

			
	PARENT
		
	By:	 	/s/ John E. Vollmer III
	Name:	 	John E. Vollmer III
	Title:	 	Senior Vice President - Corporate
		 	Development, CFO and Treasurer

 [Signature Page to Voting and Support Agreement] 

 
			
	STOCKHOLDERS
	
	MUDRICK DISTRESSED OPPORTUNITY FUND GLOBAL, LP
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary
	
	BLACKWELL PARTNERS LLC – SERIES A
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary
	
	BOSTON PATRIOT BATTERYMARCH ST LLC
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary
	
	MUDRICK DISTRESSED OPPORTUNITY SPECIALTY FUND, LP
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary

 [Signature Page to Voting and Support Agreement] 

 
			
	MUDRICK DISTRESSED ENERGY CO-INVESTMENT FUND, LP
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary
	
	MUDRICK DISTRESSED OPPORTUNITY DRAWDOWN FUND, LP
		
	By:	 	Mudrick Capital Management, L.P.,
		 	its Investment Manager
		
	By:	 	/s/ Trevor Wiessmann, Esq.
	Name:	 	Trevor Wiessmann, Esq.
	Title:	 	Corporate Secretary

 [Signature Page to Voting and Support Agreement]Exhibit 4.1

 

UNITED STATES BANKRUPTCY COURT

DISTRICT OF MASSACHUSETTS

(EASTERN DIVISION)

	
In re:

	 
	
COSI, INC., et al.,1

 

Debtors.

	
Chapter 11

Case No. 16-13704-MSH

(Jointly Administered)

	 	 

FINAL ORDER APPROVING NOTIFICATION AND

HEARING PROCEDURES FOR CERTAIN TRANSFERS OF COMMON STOCK

 

Upon the motion (the “Motion”)2 of the above-captioned debtors and debtors in possession (collectively, the “Debtors”) for entry of a final order (this “Final Order”), (a) approving the Procedures related to transfers of Common Stock, (b) directing that any purchase, sale, other transfer of Common Stock in violation of the Procedures shall be null and void ab initio, and (c) granting related relief, all as more fully set forth in the Motion; and this Court having jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334; and this Court having found that this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); and that this Court may enter a final order consistent with Article III of the United States Constitution; and this Court having found that venue of this proceeding and the Motion in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and this Court having found that the relief requested in the Motion is in the best interests of the Debtors’ estates, their creditors, and other parties in interest; and this Court having found that the Debtors’ notice of the Motion and opportunity for a hearing on the Motion were appropriate under the circumstances and no other notice need be provided; and this Court having reviewed the Motion and having heard the statements in support of the relief requested therein at a hearing before this Court (the “Hearing”); and this Court having determined that the legal and factual bases set forth in the Motion and at the Hearing establish just cause for the relief granted herein; and upon all of the proceedings had before this Court; and after due deliberation and sufficient cause appearing therefor, it is HEREBY ORDERED THAT:

	
1

	
The Debtors in these Chapter 11 cases are Cosi, Inc. (Case No. 16-13704-MSH), Xando Cosi of Maryland, Inc. (Case No. 16-13706-MSH), Cosi Sandwich Bar, Inc. (Case No. 16-13705-MSH), Hearthstone Associates, LLC (Case No. 16-13707-MSH), and Hearthstone Partners, LLC (Case No. 16-13708-MSH).  The Debtors’ corporate offices are located at 294 Washington Street, Suite 510, Boston, Massachusetts 02108.  The cases are jointly administered under the Cosi, Inc. case number.

 

	2	
Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Motion.

 

1.          The Motion is granted on a final basis as set forth herein.

2.          The Procedures, as set forth in Exhibit 1 attached hereto, are hereby approved.

3.          Any transfer of Beneficial Ownership of Common in violation of the Procedures, including the notice requirements, shall be null and void ab initio, and the person or entity making such transfer shall be required to take such steps as the court determines are necessary in order to be consistent with such transfer being null and void ab initio.

4.          The Debtors or the Court may waive, in writing, any and all restrictions, stays, and notification procedures set forth in the Procedures.

5.          To the extent that this Final Order is inconsistent with any prior order or pleading with respect to the Motion in these cases, the terms of this Final Order shall govern.

6.          The requirements set forth in this Final Order are in addition to the requirements of all applicable law and do not excuse compliance therewith.

7.          Notice of the Motion as provided therein shall be deemed good and sufficient notice of such Motion and the requirements of Bankruptcy Rule 6004(a) and the Bankruptcy Local Rules are satisfied by such notice.

 

8.          Notwithstanding Bankruptcy Rule 6004(h), the terms and conditions of this Final Order are immediately effective and enforceable upon its entry.

9.          The Debtors are authorized to take all actions necessary to effectuate the relief granted in this Final Order in accordance with the Motion.

10.          This Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this Final Order.

	
Dated: __________, 2016

	 
	
Boston, Massachusetts

	
Honorable Melvin S. Hoffman

	 	
UNITED STATES BANKRUPTCY JUDGE

EXHIBIT 1

Procedures for Transfers of Common Stock

PROCEDURES FOR TRANSFERS OF COMMON STOCK

The following procedures apply to transfers of Common Stock:1

		a.	
Any entity (as defined in section 101(15) of the Bankruptcy Code) who currently is or becomes a Substantial Shareholder (as defined herein) must file with the Court a declaration of such status, substantially in the form of Exhibit 1A attached to these Procedures (each, a “Declaration of Status as a Substantial Shareholder”), on or before the later of (A) 30 calendar days after the date of the Notice of Final Order (as defined herein), or (B) 10 calendar days after becoming a Substantial Shareholder, and serve such notice upon: (i) the Debtors, Cosi, Inc., 294 Washington Street, Suite 510, Boston, MA 02108, Attn: Randy Kominsky, Chief Restructuring Officer (rkominsky@allianceffg.com); (ii) Counsel to the Debtors, Mirick, O’Connell, DeMallie & Lougee, LLP, 1800 West Park Drive, Suite 400, Westborough, MA 01581-3926 (“Mirick O’Connell”) Attn.: Joseph H. Baldiga (jbaldiga@mirickoconnell.com) and Christine E. Devine (cdevine@mirickoconnell.com); (iii) The Office of the U.S. Trustee for the District of Massachusetts (Eastern Division), John W. McCormack Post Office and Courthouse, 5 Post office Square, 10th Floor, Suite 1000, Boston, MA 02109-3934, Attn: Paula R. C. Bachtell (paula.bachtell@usdoj.gov); (iv) counsel to the official committee of unsecured creditors (the “Committee”), Nixon Peabody LLP, 100 Summer Street, Boston, MA 02110, Attn: Lee Harrington (lharrington@nixonpeabody.com), Christopher Desiderio (cdesiderio@nixonpeabody.com), and Christopher Fong (cfong@nixonpeabody.com), and (v) counsel to the lenders under the existing first lien notes (the “Existing Lenders”), Vinson & Elkins LLP, 666 5th Ave., New York, NY, 10103, Attn: Steve Abramowitz (sabramowitz@velaw.com); and (vii) to the extent not listed herein, those parties requesting notice pursuant to Bankruptcy Rule 2002 (collectively, the “Notice Parties”).

		b.	
Prior to effectuating any transfer of Beneficial Ownership (as defined below) of Common Stock that would result in an increase in the amount of Common Stock of which a Substantial Shareholder has Beneficial Ownership or would result in an entity or individual becoming a Substantial Shareholder, such Substantial Shareholder or potential Substantial Shareholder must file with the Court, and serve upon the Notice Parties, an advance written declaration of the intended transfer of Common Stock, substantially in the form of Exhibit 1B attached to these Procedures (each, a “Declaration of Intent to Accumulate Common Stock”).

	1	
Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Motion.

 

		c.	
Prior to effectuating any transfer of Beneficial Ownership of Common Stock that would result in a decrease in the amount of Common Stock of which a Substantial Shareholder has Beneficial Ownership or would result in an entity or individual ceasing to be a Substantial Shareholder (as to either Common Stock, or both), such Substantial Shareholder must file with the Court, and serve upon the Notice Parties, an advance written declaration of the intended transfer of Common Stock, substantially in the form of Exhibit 1C attached to these Procedures (each, a “Declaration of Intent to Transfer Common Stock,” and together with a Declaration of Intent to Accumulate Common Stock, each, a “Declaration of Proposed Transfer”).

		d.	
The Debtors shall have 15 calendar days after receipt of a Declaration of Proposed Transfer to file with the Court and serve on such Substantial Shareholder or potential Substantial Shareholder an objection to any proposed transfer of Beneficial Ownership of Common Stock described in the Declaration of Proposed Transfer on the grounds that such transfer might adversely affect the Debtors’ ability to utilize their Tax Attributes. If the Debtors file an objection, such transaction will remain ineffective unless such objection is withdrawn by the Debtors, or such transaction is approved by a final and nonappealable order of the Court. If the Debtors do not object within such 15-day period, such transaction can proceed solely as set forth in the Declaration of Proposed Transfer. Further transactions within the scope of this paragraph must be the subject of additional notices in accordance with the procedures set forth herein, with an additional 15-day waiting period for each Declaration of Proposed Transfer.

		e.	
For purposes of these Procedures: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial Ownership of at least 2,136,131 shares of Common Stock (representing approximately 4.5% of all issued and outstanding shares of Common Stock)2 (ii) “Beneficial Ownership” shall be determined in accordance with the applicable rules of section 382 of the Internal Revenue Code and the Treasury Regulations thereunder and includes direct and indirect ownership (e.g., a holding company would be considered to beneficially own all shares owned or acquired by its subsidiaries and a partner in a partnership would be considered to own its proportionate share of any equity securities owned by such partnership), ownership by such holder’s family members and entities acting in concert with such holder to make a coordinated acquisition of equity securities, and ownership of equity securities that such holder has an Option to acquire; and (iii) an “Option” to acquire stock includes any contingent purchase, warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar interest, regardless of whether such interest is contingent or otherwise not currently exercisable.

	2	
Based on approximately 47,469,580 shares of Common Stock outstanding as of November 8, 2016.  See Form 10-Q for quarter ended June 27. 2016 (number as of August 8, 2016).

 

NOTICE PROCEDURES

The following notice procedures apply to these Procedures:

		f.	
No later than two business days following entry of the Interim Order, the Debtors shall serve by first class mail or, with respect to certain nominees, electronically if so required by such  nominee, substantially in the form of Exhibit 1D attached to these Procedures (the “Notice of Interim Order”), on: (i) the Office of the United States Trustee for the District of Massachusetts; (ii) the entities listed on the Consolidated List of Creditors Holding the 20 Largest Unsecured Claims; (iii) the U.S. Securities and Exchange Commission; (iv) the Internal Revenue Service; (v) any official committees appointed in these chapter 11 cases; and (vi) all registered and nominee holders of Common Stock (with instructions to serve down to the beneficial holders of Common Stock, as applicable. Additionally, no later than two business days following entry of the final order, the Debtors shall serve a Notice of Interim Order modified to reflect that the final order has been entered (as modified, the “Notice of Final Order”) on the same entities that received the Notice of Interim Order.

		g.	
All registered and nominee holders of Common Stock shall be required to serve the Notice of Interim Order or Notice of Final Order, as applicable, on any holder for whose benefit such registered or nominee holder holds such Common Stock down the chain of ownership for all such holders of Common Stock.

		h.	
Any entity or broker or agent acting on such entity’s or individual’s behalf who sells in excess of 2,136,131 shares of Common Stock (i.e., approximately 4.5% of all issued and outstanding shares of Common Stock, as applicable) to another entity shall be required to serve a copy of the Notice of Final Order on such purchaser of such Common Stock, as applicable, or any broker or agent acting on such purchaser’s behalf.

		i.	
As soon as is practicable following entry of the Final Order, the Debtors shall (i) submit a copy of the Notice of Final Order (modified for publication) for publication in the Wall Street Journal (national edition) and (ii) submit a copy of the Notice of Final Order (modified for publication) to Bloomberg Professional Service for potential publication by Bloomberg.

 

		j.	
To the extent confidential information is required in any declaration described in these Procedures, such confidential information may be filed and served in redacted form; provided, however, that any such declarations served on the Debtors and the Office of the United States Trustee for the District of Massachusetts shall not be in redacted form. The Debtors shall keep all information provided in such declarations strictly confidential and shall not disclose the contents thereof to any person except (i) to the extent necessary to respond to a petition or objection filed with the Court; (ii) to the extent otherwise required by law; or (iii) to the extent that the information contained therein is already public; provided, however, that the Debtors may disclose the contents thereof to their professional advisors, who shall keep all such notices strictly confidential and shall not disclose the contents thereof to any other person, subject to further Court order. To the extent confidential information is necessary to respond to a petitioner objection filed with the Court, such confidential information shall be filed under seal or in a redacted form.

Exhibit 1A

Declaration of Status as a Substantial Shareholder

UNITED STATES BANKRUPTCY COURT

DISTRICT OF MASSACHUSETTS

(EASTERN DIVISION)

	
In re:

	 
	
COSI, INC., et al.,1

 

Debtors.

	
Chapter 11

Case No. 16-13704-MSH

(Jointly Administered)

	 	 

DECLARATION OF STATUS AS A SUBSTANTIAL SHAREHOLDER2

 

 

PLEASE TAKE NOTICE that the undersigned party is/has become a Substantial Shareholder with respect to the common stock of Cosi, Inc. or of any Beneficial Ownership therein (the “Common Stock”). Cosi, Inc. is a debtor and debtor in possession in Case No. 16-13704 pending in the United States Bankruptcy Court for the District of Massachusetts (Eastern Division) (the “Court”).

	
1

	
The Debtors in these Chapter 11 cases are Cosi, Inc. (Case No. 16-13704-MSH), Xando Cosi of Maryland, Inc. (Case No. 16-13706-MSH), Cosi Sandwich Bar, Inc. (Case No. 16-13705-MSH), Hearthstone Associates, LLC (Case No. 16-13707-MSH), and Hearthstone Partners, LLC (Case No. 16-13708-MSH).  The Debtors’ corporate offices are located at 294 Washington Street, Suite 510, Boston, Massachusetts 02108.  The cases are jointly administered under the Cosi, Inc. case number.

 

	2	
For purposes of these Procedures: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial Ownership of at least 2,136,131  shares of Common Stock (representing approximately 4.5% of all issued and outstanding shares of Common Stock); (ii) “Beneficial Ownership” shall be determined in accordance with the applicable rules of section 382 of the Internal Revenue Code and the Treasury Regulations thereunder and includes direct and indirect ownership (e.g., a holding company would be considered to beneficially own all shares owned or acquired by its subsidiaries and a partner in a partnership would be considered to own its proportionate share of any equity securities owned by such partnership), ownership by such holder’s family members and entities acting in concert with such holder to make a coordinated acquisition of equity securities, and ownership of equity securities that such holder has an Option to acquire; and (iii) an “Option” to acquire stock includes any contingent purchase, warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar interest, regardless of whether such interest is contingent or otherwise not currently exercisable.

 

PLEASE TAKE FURTHER NOTICE that, as of __________ __, 2016, the undersigned party currently has Beneficial Ownership of __________ shares of Common Stock. The following table sets forth the date(s) on which the undersigned party acquired Beneficial Ownership or otherwise has Beneficial Ownership of such Common Stock:

	
Number of Shares

	
Date Acquired

	 	 
	 	 
	 	 
	 	 
	 	 

(Attach additional page or pages if necessary)

PLEASE TAKE FURTHER NOTICE that the last four digits of the taxpayer identification number of the undersigned party are __________.

PLEASE TAKE FURTHER NOTICE that, pursuant to that certain [Interim/Final] Order Approving Notification and Hearing Procedures for Certain Transfers of Common Stock [Docket No. _____] (the “Order”), this declaration (this “Declaration”) is being filed with the Court and served upon the Debtors and Mirick, O’Connell, DeMallie & Lougee, LLP, counsel to the Debtors.

 

PLEASE TAKE FURTHER NOTICE that, pursuant to 28 U.S.C. § 1746, under penalties of perjury, the undersigned party hereby declares that he or she has examined this Declaration and accompanying attachments (if any), and, to the best of his or her knowledge and belief, this Declaration and any attachments hereto are true, correct, and complete.

 

	 	
Respectfully submitted, 

	 	 	 
	 	
(Name of Substantial Shareholder) 

	 	 	 
	 	
By:

	 
	 	
Name:

	 
	 	
Address:

	 
	 	 	 
	 	
Telephone:

	 
	 	
Facsimile:

	 

 

Dated:__________ __, 20__

__________, __________

(City)          (State)

Exhibit 1B

Declaration of Intent to Accumulate Common Stock

UNITED STATES BANKRUPTCY COURT

DISTRICT OF MASSACHUSETTS

(EASTERN DIVISION)

	
In re:

	 
	
COSI, INC., et al.,1

 

Debtors.

	
Chapter 11

Case No. 16-13704-MSH

(Jointly Administered)

	 	 

DECLARATION OF INTENT TO ACCUMULATE COMMON STOCK2

 

 

PLEASE TAKE NOTICE that the undersigned party hereby provides notice of its intention to purchase, acquire, or otherwise accumulate (the “Proposed Transfer”) one or more shares of common stock of Cosi, Inc. or of any Beneficial Ownership therein (the “Common Stock”). Cosi, Inc. is a debtor and debtor in possession in Case No. 16-13704 pending in the United States Bankruptcy Court for the District of Massachusetts (Eastern Division) (the “Court”).

	
1

	
The Debtors in these Chapter 11 cases are Cosi, Inc. (Case No. 16-13704-MSH), Xando Cosi of Maryland, Inc. (Case No. 16-13706-MSH), Cosi Sandwich Bar, Inc. (Case No. 16-13705-MSH), Hearthstone Associates, LLC (Case No. 16-13707-MSH), and Hearthstone Partners, LLC (Case No. 16-13708-MSH).  The Debtors’ corporate offices are located at 294 Washington Street, Suite 510, Boston, Massachusetts 02108.  The cases are jointly administered under the Cosi, Inc. case number.

 

	2	
For purposes of these Procedures: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial Ownership of at least 2,136,131  shares of Common Stock (representing approximately 4.5% of all issued and outstanding shares of Common Stock); (ii) “Beneficial Ownership” shall be determined in accordance with the applicable rules of section 382 of the Internal Revenue Code and the Treasury Regulations thereunder and includes direct and indirect ownership (e.g., a holding company would be considered to beneficially own all shares owned or acquired by its subsidiaries and a partner in a partnership would be considered to own its proportionate share of any equity securities owned by such partnership), ownership by such holder’s family members and entities acting in concert with such holder to make a coordinated acquisition of equity securities, and ownership of equity securities that such holder has an Option to acquire; and (iii) an “Option” to acquire stock includes any contingent purchase, warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar interest, regardless of whether such interest is contingent or otherwise not currently exercisable.

PLEASE TAKE FURTHER NOTICE that, if applicable, on __________ __, 2016, the undersigned party filed a declaration of status as a Substantial Shareholder with the Court and served copies thereof as set forth therein.

PLEASE TAKE FURTHER NOTICE that the undersigned party currently has Beneficial Ownership of __________ shares of Common Stock.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Proposed Transfer, the undersigned party proposes to purchase, acquire, or otherwise accumulate Beneficial Ownership of __________ shares of Common Stock or an Option with respect to __________ shares of Common Stock. If the Proposed Transfer is permitted to occur, the undersigned party will have Beneficial Ownership of __________ shares of Common Stock.

PLEASE TAKE FURTHER NOTICE that the last four digits of the taxpayer identification number of the undersigned party are __________.

PLEASE TAKE FURTHER NOTICE that, pursuant to that certain [Interim/Final] Order Approving Notification and Hearing Procedures for Certain Transfers of Common Stock [Docket No. __________] (the “Order”), this declaration (this “Declaration”) is being filed with the Court and served upon the Debtors and Mirick, O’Connell, DeMallie & Lougee, LLP, counsel to the Debtors.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, the undersigned party acknowledges that it is prohibited from consummating the Proposed Transfer unless and until the undersigned party complies with the Procedures set forth therein.

PLEASE TAKE FURTHER NOTICE that the Debtors have 15 calendar days after receipt of this Declaration to object to the Proposed Transfer described herein. If the Debtors file an objection, such Proposed Transfer will remain ineffective unless such objection is withdrawn by the Debtors or such transaction is approved by a final and nonappealable order of the Court. If the Debtors do not object within such 15-day period, then after expiration of such period the Proposed Transfer may proceed solely as set forth in this Declaration.

PLEASE TAKE FURTHER NOTICE that any further transactions contemplated by the undersigned party that may result in the undersigned party purchasing, acquiring, or otherwise accumulating Beneficial Ownership of additional shares of Common Stock will each require an additional notice filed with the Court to be served in the same manner as this Declaration.

PLEASE TAKE FURTHER NOTICE that, pursuant to 28 U.S.C. § 1746, under penalties of perjury, the undersigned party hereby declares that he or she has examined this Declaration and accompanying attachments (if any), and, to the best of his or her knowledge and belief, this Declaration and any attachments hereto are true, correct, and complete.

	 	
Respectfully submitted, 

	 	 	 
	 	
(Name of Declarant) 

	 	 	 
	 	
By:

	 
	 	
Name:

	 
	 	
Address:

	 
	 	 	 
	 	
Telephone:

	 
	 	
Facsimile:

	 

 

Dated:__________ __, 20__

__________, __________

(City)          (State)

 

Exhibit 1C

Declaration of Intent to Transfer Common Stock

UNITED STATES BANKRUPTCY COURT

DISTRICT OF MASSACHUSETTS

(EASTERN DIVISION)

	
In re:

	 
	
COSI, INC., et al., 1

 

Debtors.

	
Chapter 11

Case No. 16-13704-MSH

(Jointly Administered)

	 	 

DECLARATION OF INTENT TO TRANSFER COMMON STOCK2

 

PLEASE TAKE NOTICE that the undersigned party hereby provides notice of its intention to sell, trade, or otherwise transfer (the “Proposed Transfer”) one or more shares of common stock of Cosi, Inc. or of any Beneficial Ownership therein (the “Common Stock”).  Cosi, Inc. is a debtor and debtor in possession in Case No. 16-13704 pending in the United States Bankruptcy Court for the District of Massachusetts (Eastern Division) (the “Court”).

	
1

	
The Debtors in these Chapter 11 cases are Cosi, Inc. (Case No. 16-13704-MSH), Xando Cosi of Maryland, Inc. (Case No. 16-13706-MSH), Cosi Sandwich Bar, Inc. (Case No. 16-13705-MSH), Hearthstone Associates, LLC (Case No. 16-13707-MSH), and Hearthstone Partners, LLC (Case No. 16-13708-MSH).  The Debtors’ corporate offices are located at 294 Washington Street, Suite 510, Boston, Massachusetts 02108.  The cases are jointly administered under the Cosi, Inc. case number.

 

	2	
For purposes of these Procedures: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial Ownership of at least 2,136,131 shares of Common Stock (representing approximately 4.5% of all issued and outstanding shares of Common Stock); (ii) “Beneficial Ownership” shall be determined in accordance with the applicable rules of section 382 of the Internal Revenue Code and the Treasury Regulations thereunder and includes direct and indirect ownership (e.g., a holding company would be considered to beneficially own all shares owned or acquired by its subsidiaries and a partner in a partnership would be considered to own its proportionate share of any equity securities owned by such partnership), ownership by such holder’s family members and entities acting in concert with such holder to make a coordinated acquisition of equity securities, and ownership of equity securities that such holder has an Option to acquire; and (iii) an “Option” to acquire stock includes any contingent purchase, warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar interest, regardless of whether such interest is contingent or otherwise not currently exercisable.

 

PLEASE TAKE FURTHER NOTICE that, if applicable, on __________ __, 2016, the undersigned party filed a declaration of status as a Substantial Shareholder with the Court and served copies thereof as set forth therein.

PLEASE TAKE FURTHER NOTICE that the undersigned party currently has Beneficial Ownership of __________ shares of Common Stock.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Proposed Transfer, the undersigned party proposes to sell, trade, or otherwise transfer Beneficial Ownership of __________ shares of Common Stock or an Option with respect to __________ shares of Common Stock. If the Proposed Transfer is permitted to occur, the undersigned party will have Beneficial Ownership of __________ shares of Common Stock.

PLEASE TAKE FURTHER NOTICE that the last four digits of the taxpayer identification number of the undersigned party are __________.

PLEASE TAKE FURTHER NOTICE that, pursuant to that certain [Interim/Final] Order Approving Notification and Hearing Procedures for Certain Transfers of Common Stock [Docket No. _____] (the “Order”), this declaration (this “Declaration”) is being filed with the Court and served upon the Debtors and Mirick, O’Connell, DeMallie & Lougee, LLP, counsel to the Debtors.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, the undersigned party acknowledges that it is prohibited from consummating the Proposed Transfer unless and until the undersigned party complies with the Procedures set forth therein.

PLEASE TAKE FURTHER NOTICE that the Debtors have 15 calendar days after receipt of this Declaration to object to the Proposed Transfer described herein. If the Debtors file an objection, such Proposed Transfer will remain ineffective unless such objection is withdrawn by the Debtors or such transaction is approved by a final and nonappealable order of the Court. If the Debtors do not object within such 15-day period, then after expiration of such period the Proposed Transfer may proceed solely as set forth in this Declaration.

 

PLEASE TAKE FURTHER NOTICE that any further transactions contemplated by the undersigned party that may result in the undersigned party selling, trading, or otherwise transferring Beneficial Ownership of additional shares of Common Stock will each require an additional notice filed with the Court to be served in the same manner as this Declaration.

PLEASE TAKE FURTHER NOTICE that, pursuant to 28 U.S.C. § 1746, under penalties of perjury, the undersigned party hereby declares that he or she has examined this Declaration and accompanying attachments (if any), and, to the best of his or her knowledge and belief, this Declaration and any attachments hereto are true, correct, and complete.

	 	
Respectfully submitted, 

	 	 	 
	 	
(Name of Declarant) 

	 	 	 
	 	
By:

	 
	 	
Name:

	 
	 	
Address:

	 
	 	 	 
	 	
Telephone:

	 
	 	
Facsimile:

	 

 

Dated:__________ __, 20__

__________, __________

(City)          (State)

 

Exhibit 1D

Notice of Final Order

 

UNITED STATES BANKRUPTCY COURT

DISTRICT OF MASSACHUSETTS

(EASTERN DIVISION)

	
In re:

	 
	
COSI, INC., et al.,1

 

Debtors.

	
Chapter 11

Case No. 16-13704-MSH

(Jointly Administered)

	 	 

NOTICE OF DISCLOSURE PROCEDURES

 APPLICABLE TO CERTAIN HOLDERS OF COMMON

STOCK AND DISCLOSURE PROCEDURES FOR TRANSFERS OF COMMON STOCK

 

TO: ALL ENTITIES (AS DEFINED BY SECTION 101(15) OF THE BANKRUPTCY CODE) THAT MAY HOLD BENEFICIAL OWNERSHIP OF COMMON STOCK OF COSI, INC. (THE “COMMON STOCK”):

PLEASE TAKE NOTICE that on September 28, 2016 (the “Petition Date”), the above-captioned debtors and debtors in possession (collectively, the “Debtors”), filed petitions with the United States Bankruptcy Court for the District of Massachusetts (Eastern Division) (the “Court”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 (the “Bankruptcy Code”). Subject to certain exceptions, section 362 of the Bankruptcy Code operates as a stay of any act to obtain possession of property of or from the Debtors’ estates or to exercise control over property of or from the Debtors’ estates.

PLEASE TAKE FURTHER NOTICE that on the Petition Date, the Debtors filed the Debtors’ Emergency Motion for Entry of Interim and Final Orders Approving Notification and Hearing Procedures for Certain Transfers of Common Stock [Docket No. __].

	
1

	
The Debtors in these Chapter 11 cases are Cosi, Inc. (Case No. 16-13704-MSH), Xando Cosi of Maryland, Inc. (Case No. 16-13706-MSH), Cosi Sandwich Bar, Inc. (Case No. 16-13705-MSH), Hearthstone Associates, LLC (Case No. 16-13707-MSH), and Hearthstone Partners, LLC (Case No. 16-13708-MSH).  The Debtors’ corporate offices are located at 294 Washington Street, Suite 510, Boston, Massachusetts 02108.  The cases are jointly administered under the Cosi, Inc. case number.

 

PLEASE TAKE FURTHER NOTICE that on [__________], 2016, the Court entered the [Interim/Final] Order Approving Notification and Hearing Procedures for Certain Transfers of Common Stock [Docket No. _____] (the “Order”) approving procedures for certain transfers of Common Stock, set forth in Exhibit 1 attached to the Order (the “Procedures”).2

PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, a Substantial Shareholder may not consummate any purchase, sale, or other transfer of Common Stock or Beneficial Ownership of Common Stock in violation of the Procedures, and any such transaction in violation of the Procedures shall be null and void ab initio.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Order, the Procedures shall apply to the holding and transfers of Common Stock or any Beneficial Ownership therein by a Substantial Shareholder or someone who may become a Substantial Shareholder.

PLEASE TAKE FURTHER NOTICE that upon the request of any entity, the proposed notice, claims, and solicitation agent for the Debtors, will provide a copy of the Order and a form of each of the declarations required to be filed by the Procedures in a reasonable period of time. Such declarations are also available via PACER on the Court’s website at http://www.mab.uscourts.gov/mab/ for a fee.

PLEASE TAKE FURTHER NOTICE THAT FAILURE TO FOLLOW THE PROCEDURES SET FORTH IN THE ORDER SHALL CONSTITUTE A VIOLATION OF, AMONG OTHER THINGS, THE AUTOMATIC STAY PROVISIONS OF SECTION 362 OF THE BANKRUPTCY CODE.

	2	
Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Order or the motion, as applicable.

 

PLEASE TAKE FURTHER NOTICE THAT ANY PROHIBITED PURCHASE, SALE, OTHER TRANSFER OF COMMON STOCK, BENEFICIAL OWNERSHIP THEREIN, OR OPTION WITH RESPECT THERETO IN VIOLATION OF THE ORDER IS PROHIBITED AND SHALL BE NULL AND VOID ab initio AND MAY BE SUBJECT TO ADDITIONAL SANCTIONS AS THIS COURT MAY DETERMINE.

 

PLEASE TAKE FURTHER NOTICE that the requirements set forth in the Order are in addition to the requirements of applicable law and do not excuse compliance therewith.

	 	
Respectfully Submitted,

	 	 
	 	
	 	
Joseph H. Baldiga, BBO #549963

	 	
Christine E. Devine, BBO #566990

	 	
Kate P. Foley, BBO #682548

	 	
Mirick, O’Connell, DeMallie & Lougee, llp

	 	
1800 West Park Drive, Suite 400

	 	
Westborough, MA  01581

	 	
Phone:   

	
(508) 898.1501

	 	
Fax:

	
(508) 898.1502

	 	
Email:  

	
bankrupt@mirickoconnell.com

	 	 	
cdevine@mirickoconnell.com

	 	 	
kfoley@mirickoconnell.com

 

Dated:          November __, 2016

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]