Proposed Order — Exhibit A, Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (Doc 925-2)

Summary

Doc 925-2, filed July 25, 2023 in In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), a jointly administered Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware, is Exhibit A, a proposed Order Allowing and Directing Payment of Administrative Expense Claim. The proposed order would grant the application of Biz2Credit Inc. under section 503(b) of the Bankruptcy Code. It would allow Biz2Credit an administrative expense claim of $371,570.69 and direct the Debtor or the Wind Down Officer to pay the full amount by wire transfer, or another method agreed by the parties, in accordance with Section 2.1 of the Plan. It recites jurisdiction under 28 U.S.C. §§ 157 and 1334, and the Court would retain jurisdiction over implementation, interpretation or enforcement of the order. The document is three pages, including the exhibit cover page.

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Case 22-10951-CTG   Doc 925-2   Filed 07/25/23   Page 1 of 3




                      EXHIBIT A

                    Proposed Order
               Case 22-10951-CTG               Doc 925-2        Filed 07/25/23           Page 2 of 3




                        IN THE UNITED STATES BANKRUPTCY COURT
                             FOR THE DISTRICT OF DELAWARE

In re:                                                     )
                                                           )   Chapter 11
KABBAGE, INC. d/b/a KSERVICING, et al.,                    )
                                                           )   Case No. 22-10951 (CTG)
                           Debtors.                        )
                                                           )   (Jointly Administered)
                                                           )
                                                           )   Related D.I. ___
                                                           )

                     ORDER ALLOWING AND DIRECTING PAYMENT OF
                          ADMINISTRATIVE EXPENSE CLAIM
                                                                                     1
         Upon consideration of the application (the “Application”), filed by Biz2Credit Inc.

(“Biz2Credit”), for entry of an order allowing and directing payment of an administrative

expense claim under section 503(b) of the Bankruptcy Code; and the Court having found that

(i) the Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334, and the

Amended Standing Order of Reference of the United States District Court for the District of

Delaware, dated February 29, 2012, (ii) venue is proper in this district pursuant to 28 U.S.C.

§§ 1408 and 1409, (iii) this is a core proceeding pursuant to 28 U.S.C. § 157(b), (iv) service

and notice of the Application was sufficient under the circumstances; and the Court having

considered the statements of counsel at any hearing on the Application; and the Court having

considered any objections to the relief requested in the Application; and after due deliberation,

and good and sufficient cause appearing therefor,




1        Capitalized terms used but not otherwise defined in this Order have the meanings set forth in the Application.
              Case 22-10951-CTG        Doc 925-2      Filed 07/25/23     Page 3 of 3




IT IS THEREFORE ORDERED THAT:

        1.     The Application is GRANTED, as set forth in this Order.

        2.     Biz2Credit is hereby ALLOWED an administrative expense claim in the amount

of $371,570.69 (the “Allowed Claim”).

        3.     The Debtor, or the Wind Down Officer, as applicable, shall pay to Biz2Credit the

full amount of the Allowed Claim by wire transfer of immediately available funds, or such other

method as agreed to by the parties, in accordance with the requirements of Section 2.1 of the Plan.

        4.     The Court retains jurisdiction with respect to all matters arising out of or relating

to the implementation, interpretation or enforcement of this Order.




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