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Procedures for Transfers of and Declarations of Worthlessness

Date
2024-06-11

Summary

Exhibit 1 to a motion in In re Vyaire Medical, Inc., et al., Case No. 24-11217 (BLS), in the U.S. Bankruptcy Court for the District of Delaware, filed June 11, 2024 as Doc 91-1 and running 32 pages. It sets out procedures for transfers of, and declarations of worthlessness with respect to, Beneficial Ownership of Common Stock. A Substantial Shareholder, defined as holding at least 152,436 shares, must file a declaration of status, and proposed transfers require advance declarations to which the Debtors and Notice Parties have ten calendar days to object. A 50-Percent Shareholder must file a declaration before claiming a worthless stock deduction. The procedures also set notice requirements and attach forms including Exhibit 1A, Exhibit 1B, Exhibit 1C, Exhibit 1D, Exhibit 1E and Exhibit 1F, ending with a draft notice signed by proposed co-counsel to the Debtors.

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Case 24-11217-BLS     Doc 91-1    Filed 06/11/24   Page 1 of 32




                           Exhibit 1

 Procedures for Transfers of and Declarations of Worthlessness
    with Respect to Beneficial Ownership of Common Stock
               Case 24-11217-BLS            Doc 91-1        Filed 06/11/24       Page 2 of 32




               PROCEDURES FOR TRANSFERS OF AND DECLARATIONS
              OF WORTHLESSNESS WITH RESPECT TO 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) that is a
                       Substantial Shareholder (as defined herein) must file with the Court, and
                       serve upon: (i) the Debtors, Vyaire Medical, Inc., 26125 North Riverwoods
                       Boulevard, Mettawa, Illinois 60045, Attn.:                   Charles Braley
                       (cbraley@alixpartners.com); (ii) proposed co-counsel to the Debtors
                       (a) Kirkland & Ellis LLP, 601 Lexington Avenue, New York, New York
                       10022, Attn.: Joshua A. Sussberg, P.C. (joshua.sussberg@kirkland.com),
                       Chris Ceresa (chris.ceresa@kirkland.com), and Tiffani Chanroo
                       (tiffani.chanroo@kirkland.com), (b) Kirkland & Ellis LLP, 333 Wolf Point
                       Plaza, Chicago, Illinois, 60654, Attn.: Spencer A. Winters
                       (spencer.winters@kirkland.com)          and      Yusuf        U.       Salloum
                       (yusuf.salloum@kirkland.com); and (c) Cole Schotz P.C., 500 Delaware
                       Avenue,        Suite      1410,       Wilmington,       Delaware        19801,
                       Attn: Patrick J. Reilley, Esq. (preilley@coleschotz.com), Stacy L. Newman
                       (snewman@coleschotz.com),            Michael     E.      Fitzpatrick,      Esq.
                       (mfitzpatrick@coleschotz.com), and (d) Cole Schotz P.C., Court Plaza
                       North, 25 Main Street, Hackensack, New Jersey 07601, Attn.: Michael D.
                       Sirota, Esq. (msirota@coleschotz.com), Warren A. Usatine, Esq.
                       (wusatine@coleschotz.com); (iii) counsel to the 1L Ad Hoc Group, Gibson,
                       Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166-0193,
                       Attn.: Scott J. Greenberg (SGreenberg@gibsondunn.com), Jason Zachary
                       Goldstein         (JGoldstein@gibsondunn.com),            Joshua         Brody
                       (JBrody@gibsondunn.com), and Kevin Liang (KLiang@gibsondunn.com)
                       and (iv) Pachulski Stang Ziehl & Jones LLP, 919 North Market Street, 17th
                       Floor, Wilmington, DE 19801, Attn.: Laura Davis Jones
                       (ljones@pszjlaw.com); (v) the United States Trustee for the District of
                       Delaware,            Attn.:          Benjamin            A.          Hackman
                       (Benjamin.A.Hackman@usdoj.gov); and (v) any statutory committee
                       appointed      in     these     chapter    11      cases     (collectively, the
                       “Notice Parties”), a declaration of such status, substantially in the form
                       attached hereto as Exhibit 1A (each, a “Declaration of Status as a
                       Substantial Shareholder”), on or before the later of (A) twenty calendar days
                       after the date of the Notice of Interim Order, or (B) 10 calendar days after
                       becoming a Substantial Shareholder; provided that, for the avoidance of
                       doubt, the other procedures set forth herein shall apply to any Substantial
                       Shareholder even if no Declaration of Status as a Substantial Shareholder has
                       been filed.



1
    Capitalized terms used but not otherwise defined herein have the meanings given to them in the Motion.
Case 24-11217-BLS      Doc 91-1      Filed 06/11/24     Page 3 of 32




b.    Prior to effectuating any transfer of Beneficial Ownership 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, the parties to such
      transaction 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 attached hereto as Exhibit 1B (each, a “Declaration
      of Intent to Accumulate Common Stock”).

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, the parties to
      such transaction 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 attached hereto as Exhibit 1C (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 and the other Notice Parties shall have ten 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 is reasonably expected to adversely affect the Debtors’ ability
      to utilize their Tax Attributes. If the Debtors or any of the other Notice
      Parties file an objection, such transaction will remain ineffective unless such
      objection is withdrawn, or such transaction is approved by a final and
      non-appealable order of the Court. If the Debtors and the other Notice
      Parties do not object within such ten-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 ten-day waiting period for each Declaration of Proposed Transfer.
      To the extent that the Debtors receive an appropriate Declaration of Proposed
      Transfer and determine in their business judgment not to object, they shall
      provide notice of that decision as soon as is reasonably practicable to the
      Notice Parties.

e.    For purposes of these Procedures (including, for the avoidance of doubt, with
      respect to both transfers and declarations of worthlessness):
      (i) a “Substantial Shareholder” is any entity or individual person that has
      Beneficial Ownership of at least 152,436 shares of Common Stock;
      (representing approximately 4.5 percent of all issued and outstanding shares
      of Common Stock); and (ii) “Beneficial Ownership” will be determined in
      accordance with the applicable rules of section 382 of the IRC, and the


                                 2
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                        Treasury Regulations promulgated thereunder (other than Treasury
                        Regulations section 1.382-2T(h)(2)(i)(A)) and includes direct, indirect, and
                        constructive ownership (e.g., (1) a holding company would be considered to
                        beneficially own all equity securities owned by its subsidiaries, (2) a partner
                        in a partnership would be considered to beneficially own its proportionate
                        share of any equity securities owned by such partnership, (3) an individual
                        and such individual’s family members may be treated as one individual,
                        (4) persons and entities acting in concert to make a coordinated acquisition
                        of equity securities may be treated as a single entity, and (5) a holder would
                        be considered to beneficially own equity securities that such holder has an
                        Option (as defined herein) to acquire). An “Option” to acquire stock
                        includes     all    interests    described     in    Treasury      Regulations
                        section 1.382-4(d)(9), including any contingent purchase right, warrant,
                        convertible debt, put, call, stock subject to risk of forfeiture, contract to
                        acquire stock, or similar interest, regardless of whether it is contingent or
                        otherwise not currently exercisable.

The following procedures apply for declarations of worthlessness of Common Stock:

               a.       Any person or entity that currently is or becomes a 50-Percent Shareholder 2
                        must file with the Court and serve upon the Notice Parties a declaration of
                        such status, substantially in the form attached hereto as Exhibit 1D (each,
                        a “Declaration of Status as a 50-Percent Shareholder”), on or before the later
                        of (i) twenty calendar days after the date of the Notice of Interim Order and
                        (ii) 10 calendar days after becoming a 50-Percent Shareholder; provided
                        that, for the avoidance of doubt, the other procedures set forth herein shall
                        apply to any 50-Percent Shareholder even if no Declaration of Status as a
                        50-Percent Shareholder has been filed.

               a.       Prior to filing any federal or state tax return, or any amendment to such a
                        return, or taking any other action that claims any deduction for worthlessness
                        of Beneficial Ownership of Common Stock for a taxable year ending before
                        the Debtors’ emergence from chapter 11 protection, such 50-Percent
                        Shareholder must file with the Court and serve upon the Notice Parties a
                        declaration of intent to claim a worthless stock deduction (a “Declaration of
                        Intent to Claim a Worthless Stock Deduction”), substantially in the form
                        attached hereto as Exhibit 1E.

                           i.    The Debtors and the other Notice Parties shall have ten calendar
                                 days after receipt of a Declaration of Intent to Claim a Worthless
                                 Stock Deduction to file with the Court and serve on such 50-Percent
                                 Shareholder an objection to any proposed claim of worthlessness
                                 described in the Declaration of Intent to Claim a Worthless Stock
2
    For purposes of the Procedures, a “50-Percent Shareholder” is any person or entity that, at any time since
    December 31, 2020, has owned Beneficial Ownership of 50% or more of the Common Stock (determined in
    accordance with section 382(g)(4)(D) of the IRC and the applicable Treasury Regulations thereunder).




                                                      3
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                              Deduction on the grounds that such claim might adversely affect the
                              Debtors’ ability to utilize their Tax Attributes.

                        ii.   If the Debtors or the other Notice Parties timely object, the filing of
                              the tax return or amendment thereto with such claim will not be
                              permitted unless approved by a final and non-appealable order of
                              the Court, unless such objection is withdrawn.

                       iii.   If the Debtors and the other Notice Parties do not object within such
                              ten-day period, the filing of the return or amendment with such
                              claim will be permitted solely as described in the Declaration of
                              Intent to Claim a Worthless Stock Deduction. Additional returns
                              and amendments within the scope of this section must be the subject
                              of additional notices as set forth herein, with an additional ten-day
                              waiting period. To the extent that the Debtors receive an appropriate
                              Declaration of Intent to Claim a Worthless Stock Deduction and
                              determine in their business judgment not to object, they shall
                              provide notice of that decision as soon as is reasonably practicable
                              to the Notice Parties.

                                   NOTICE PROCEDURES

The following notice procedures apply to these Procedures:

                  a. No later than 5 business days following entry of the Interim Order, the
                     Debtors shall serve a notice by first class mail and email, if available,
                     substantially in the form attached to the Procedures as Exhibit 1F
                     (the “Notice of Interim Order”), on: (i) the U.S. Trustee; (ii) Gibson, Dunn
                     & Crutcher LLP, as counsel to the 1L Ad Hoc Group; (iii) the entities listed
                     on the consolidated list of creditors holding the thirty (30) largest unsecured
                     claims; (iv) the U.S. Securities and Exchange Commission; (v) the Internal
                     Revenue Service; (vi) the United States Attorney’s Office for the District of
                     Delaware; (vii) the state attorneys general for states in which the Debtors
                     conduct business; (viii) the registered and nominee holders of the Common
                     Stock (with instructions to serve down to the beneficial holders of Common
                     Stock, as applicable); and (ix) the Notice Parties. Additionally, no later than
                     5 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.

             b.      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.




                                                 4
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c.    Any entity or individual, or broker or agent acting on such entity’s or
      individual’s behalf who sells Common Stock to another entity or individual,
      shall be required to serve a copy of the Notice of Interim Order or Notice of
      Final Order, as applicable, on such purchaser of such Common Stock, or any
      broker or agent acting on such purchaser’s behalf.

d.    To the extent confidential information is required in any declaration
      described in the Procedures, such confidential information may be filed with
      the Court in redacted form; provided, however, that any such declarations
      served on the Notice Parties shall not be in redacted form. The Notice
      Parties 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, further,
      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 an objection filed with the Court, such confidential information
      shall be filed under seal or in a redacted form.




                                 5
Case 24-11217-BLS    Doc 91-1    Filed 06/11/24   Page 7 of 32




                         Exhibit 1A

      Declaration of Status as a Substantial Shareholder
                  Case 24-11217-BLS              Doc 91-1        Filed 06/11/24         Page 8 of 32




                          IN THE UNITED STATES BANKRUPTCY COURT
                               FOR THE DISTRICT OF DELAWARE

                                                                 )
    In re:                                                       )        Chapter 11
                                                                 )
    VYAIRE MEDICAL, INC., et al., 1                              )        Case No. 24-11217 (BLS)
                                                                 )
                              Debtors.                           )        (Jointly Administered)
                                                                 )

              DECLARATION OF STATUS AS A SUBSTANTIAL SHAREHOLDER 2

             The undersigned party is/has become a Substantial Shareholder with respect to the existing

classes of common stock or any Beneficial Ownership therein (any such record or Beneficial

Ownership of common stock, collectively, the “Common Stock”) of Vyaire Holding Company.

Vyaire Holding Company is a debtor and debtor in possession in Case No. 24-11217 (BLS)

pending in the United States Bankruptcy Court for the District of Delaware (the “Court”).




1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
2
      For purposes of this Declaration: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial
      Ownership of at least 152,436 shares of Common Stock (representing approximately 4.5 percent of issued and
      outstanding shares of Common Stock); (ii) “Beneficial Ownership” will be determined in accordance with the
      applicable rules of sections 382 and 383 of the Internal Revenue Code of 1986, 26 U.S.C. §§ 1–9834 as amended
      (the “IRC”), and the Treasury Regulations thereunder (other than Treasury Regulations section 1.382-
      2T(h)(2)(i)(A)) and includes direct, indirect, and constructive ownership (e.g., (1) a holding company would be
      considered to beneficially own all equity securities owned by its subsidiaries, (2) a partner in a partnership would
      be considered to beneficially own its proportionate share of any equity securities owned by such partnership,
      (3) an individual and such individual’s family members may be treated as one individual, (4) persons and entities
      acting in concert to make a coordinated acquisition of equity securities may be treated as a single entity, and (5) a
      holder would be considered to beneficially own equity securities that such holder has an Option (as defined herein)
      to acquire). An “Option” to acquire stock includes all interests described in Treasury Regulations section 1.382-
      4(d)(9), including any contingent purchase right, warrant, convertible debt, put, call, stock subject to risk of
      forfeiture, contract to acquire stock, or similar interest, regardless of whether it is contingent or otherwise not
      currently exercisable.
             Case 24-11217-BLS         Doc 91-1      Filed 06/11/24    Page 9 of 32




       As of _______, 2024, 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 of such Common Stock:

                       Number of Shares                   Date Acquired




                          (Attach additional page or pages if necessary)

       The last four digits of the taxpayer identification number of the undersigned party

are ________.

       Pursuant to the Interim Order (I) Approving Notification and Hearing Procedures for

Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and

(II) Granting Related Relief [Docket No. ___] (the “Interim Order”), this declaration

(this “Declaration”) is being filed with the Court and served upon the Notice Parties (as defined in

the Interim Order).

       At the election of the Substantial Shareholder, the Declaration to be filed with this Court

(but not the Declaration that is served upon the Notice Parties) may be redacted to exclude the

Substantial Shareholder’s taxpayer identification number and the amount of Common Stock that

the Substantial Shareholder beneficially owns.




                                                 2
            Case 24-11217-BLS          Doc 91-1       Filed 06/11/24   Page 10 of 32




       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: _____________, 2024
_______________, __________

       (City)            (State)




                                                  3
Case 24-11217-BLS   Doc 91-1   Filed 06/11/24   Page 11 of 32




                         Exhibit 1B

      Declaration of Intent to Accumulate Common Stock
                 Case 24-11217-BLS              Doc 91-1        Filed 06/11/24         Page 12 of 32




                          IN THE UNITED STATES BANKRUPTCY COURT
                               FOR THE DISTRICT OF DELAWARE

                                                                 )
    In re:                                                       )        Chapter 11
                                                                 )
    VYAIRE MEDICAL, INC., et al., 1                              )        Case No. 24-11217 (BLS)
                                                                 )
                              Debtors.                           )        (Jointly Administered)
                                                                 )

                                     DECLARATION OF INTENT TO
                                    ACCUMULATE COMMON STOCK 2

             The undersigned party hereby provides notice of its intention to purchase, acquire, or

otherwise accumulate (the “Proposed Transfer”) one or more shares of the existing classes of

common stock or any Beneficial Ownership therein (any such record or Beneficial Ownership of

common stock, collectively, the “Common Stock”) of Vyaire Holding Company. Vyaire Holding

Company is a debtor and debtor in possession in Case No. 24-11217 (BLS) pending in the United

States Bankruptcy Court for the District of Delaware (the “Court”).



1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
2
      For purposes of this Declaration: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial
      Ownership of at least 152,436 shares of Common Stock (representing approximately 4.5 percent of all issued and
      outstanding shares of Common Stock); and (ii) “Beneficial Ownership” will be determined in accordance with
      the applicable rules of sections 382 and 383 of the Internal Revenue Code of 1986, 26 U.S.C. §§ 1–9834 as
      amended (the “IRC”), and the Treasury Regulations thereunder (other than Treasury Regulations section 1.382-
      2T(h)(2)(i)(A)), and includes direct, indirect, and constructive ownership (e.g., (1) a holding company would be
      considered to beneficially own all equity securities owned by its subsidiaries, (2) a partner in a partnership would
      be considered to beneficially own its proportionate share of any equity securities owned by such partnership,
      (3) an individual and such individual’s family members may be treated as one individual, (4) persons and entities
      acting in concert to make a coordinated acquisition of equity securities may be treated as a single entity, and (5) a
      holder would be considered to beneficially own equity securities that such holder has an Option (as defined herein)
      to acquire). An “Option” to acquire stock includes all interests described in Treasury Regulations section 1.382-
      4(d)(9), including any contingent purchase right, warrant, convertible debt, put, call, stock subject to risk of
      forfeiture, contract to acquire stock, or similar interest, regardless of whether it is contingent or otherwise not
      currently exercisable.
              Case 24-11217-BLS         Doc 91-1       Filed 06/11/24    Page 13 of 32




         If applicable, on _________, 2024, the undersigned party filed a Declaration of Status as a

Substantial Shareholder with the Court and served copies thereof as set forth therein.

         The undersigned party currently has Beneficial Ownership of ______ shares of Common

Stock.

         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.

         The last four digits of the taxpayer identification number of the undersigned party are

_____.

         Pursuant to the Interim Order (I) Approving Notification and Hearing Procedures for

Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and

(II) Granting Related Relief [Docket No. ____] (the “Interim Order”), this declaration

(this “Declaration”) is being filed with the Court and served upon the Notice Parties (as defined in

the Interim Order).

         At the election of the undersigned party, the Declaration to be filed with this Court (but not

the Declaration that is served upon the Notice Parties) may be redacted to exclude the undersigned

party’s taxpayer identification number and the amount of Common Stock that the undersigned

party beneficially owns.

         Pursuant to the Interim 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.




                                                   2
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       The Debtors and the other Notice Parties have twenty calendar days after receipt of this

Declaration to object to the Proposed Transfer described herein. If the Debtors or any of the other

Notice Parties file an objection, such Proposed Transfer will remain ineffective unless such

objection is withdrawn or such transaction is approved by a final and non-appealable order of the

Court. If the Debtors and the other Notice Parties do not object within such twenty-day period,

then after expiration of such period the Proposed Transfer may proceed solely as set forth in this

Declaration.

       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.

       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: _______________, 2024
_______________, __________

       (City)            (State)




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                        Exhibit 1C

       Declaration of Intent to Transfer Common Stock
                  Case 24-11217-BLS             Doc 91-1         Filed 06/11/24         Page 16 of 32




                          IN THE UNITED STATES BANKRUPTCY COURT
                               FOR THE DISTRICT OF DELAWARE

                                                                  )
    In re:                                                        )        Chapter 11
                                                                  )
    VYAIRE MEDICAL, INC., et al., 1                               )        Case No. 24-11217 (BLS)
                                                                  )
                               Debtors.                           )        (Jointly Administered)
                                                                  )

                                       DECLARATION OF INTENT TO
                                       TRANSFER COMMON STOCK 2

             The undersigned party hereby provides notice of its intention to sell, trade, or otherwise

transfer (the “Proposed Transfer”) one or more shares of the existing classes of common stock or

any Beneficial Ownership therein (any such record or Beneficial Ownership of common stock,

collectively, the “Common Stock”) of Vyaire Holding Company. Vyaire Holding Company is a

debtor and debtor in possession in Case No. 24-11217 (BLS) pending in the United States

Bankruptcy Court for the District of Delaware (the “Court”).



1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
2
      For purposes of this Declaration: (i) a “Substantial Shareholder” is any entity or individual that has Beneficial
      Ownership of at least 152,436 shares of Common Stock (representing approximately 4.5 percent of all issued and
      outstanding shares of Common Stock); and (ii) “Beneficial Ownership” will be determined in accordance with
      the applicable rules of sections 382 and 383 of the Internal Revenue Code of 1986, 26 U.S.C. §§ 1–9834 as
      amended (the “IRC”), and the Treasury Regulations thereunder (other than Treasury Regulations section 1.382-
      2T(h)(2)(i)(A)), and includes direct, indirect, and constructive ownership (e.g., (1) a holding company would be
      considered to beneficially own all equity securities owned by its subsidiaries, (2) a partner in a partnership would
      be considered to beneficially own its proportionate share of any equity securities owned by such partnership, (3)
      an individual and such individual’s family members may be treated as one individual, (4) persons and entities
      acting in concert to make a coordinated acquisition of equity securities may be treated as a single entity, and (5)
      a holder would be considered to beneficially own equity securities that such holder has an Option (as defined
      herein) to acquire). An “Option” to acquire stock includes all interests described in Treasury Regulations section
      1.382-4(d)(9), including any contingent purchase right, warrant, convertible debt, put, call, stock subject to risk
      of forfeiture, contract to acquire stock, or similar interest, regardless of whether it is contingent or otherwise not
      currently exercisable.
              Case 24-11217-BLS         Doc 91-1       Filed 06/11/24    Page 17 of 32




         If applicable, on ______ 2024, the undersigned party filed a Declaration of Status as a

Substantial Shareholder with the Court and served copies thereof as set forth therein.

         The undersigned party currently has Beneficial Ownership of ______ shares of Common

Stock.

         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 after such

transfer becomes effective.

         The last four digits of the taxpayer identification number of the undersigned party are

______ .

         Pursuant to the Interim Order (I) Approving Notification and Hearing Procedures for

Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and

(II) Granting Related Relief [Docket No. ______] (the “Interim Order”), this declaration

(this “Declaration”) is being filed with the Court and served upon the Notice Parties (as defined in

the Interim Order).

         At the election of the undersigned party, the Declaration to be filed with this Court (but not

the Declaration that is served upon the Notice Parties) may be redacted to exclude the undersigned

party’s taxpayer identification number and the amount of Common Stock that the undersigned

party beneficially owns.

         Pursuant to the Interim 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.




                                                   2
               Case 24-11217-BLS       Doc 91-1       Filed 06/11/24   Page 18 of 32




       The Debtors and the other Notice Parties have twenty calendar days after receipt of this

Declaration to object to the Proposed Transfer described herein. If the Debtors or any of the other

Notice Parties file an objection, such Proposed Transfer will remain ineffective unless such

objection is withdrawn or such transaction is approved by a final and non-appealable order of the

Court. If the Debtors and the other Notice Parties do not object within such twenty-day period,

then after expiration of such period the Proposed Transfer may proceed solely as set forth in this

Declaration.

       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.

       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: _______________, 2024
_______________, __________

       (City)            (State)




                                                  3
Case 24-11217-BLS    Doc 91-1    Filed 06/11/24   Page 19 of 32




                          Exhibit 1D

       Declaration of Status as a 50-Percent Shareholder
                 Case 24-11217-BLS               Doc 91-1        Filed 06/11/24          Page 20 of 32




                          IN THE UNITED STATES BANKRUPTCY COURT
                               FOR THE DISTRICT OF DELAWARE

                                                                  )
    In re:                                                        )         Chapter 11
                                                                  )
    VYAIRE MEDICAL, INC., et al., 1                               )         Case No. 24-11217 (BLS)
                                                                  )
                               Debtors.                           )         (Jointly Administered)
                                                                  )

                DECLARATION OF STATUS AS A 50-PERCENT SHAREHOLDER

             The undersigned party is/has become a 50-Percent Shareholder 2 with respect to one or

more shares of the existing classes of common stock or any Beneficial Ownership therein (any

such record or Beneficial Ownership of common stock, collectively, the “Common Stock”) of

Vyaire Holding Company. Vyaire Holding Company is a debtor and debtor in possession in

Case No. 24-11217 (BLS) pending in the United States Bankruptcy Court for the District of

Delaware (the “Court”).




1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
2
      For purposes of this Declaration: (i) a “50-Percent Shareholder” is any person or entity that, at any time since
      December 31, 2020, has owned Beneficial Ownership of 50 percent or more of the Common Stock (determined
      in accordance with section 382(g)(4)(D) of the IRC and the applicable Treasury Regulations thereunder);
      (ii) “Beneficial Ownership” will be determined in accordance with the applicable rules of sections 382 and 383 of
      the Internal Revenue Code of 1986, 26 U.S.C. §§ 1–9834 as amended (the “IRC”), and the Treasury Regulations
      thereunder (other than Treasury Regulations section 1.382-2T(h)(2)(i)(A)) and includes direct, indirect, and
      constructive ownership (e.g., (1) a holding company would be considered to beneficially own all equity securities
      owned by its subsidiaries, (2) a partner in a partnership would be considered to beneficially own its proportionate
      share of any equity securities owned by such partnership, (3) an individual and such individual’s family members
      may be treated as one individual, (4) persons and entities acting in concert to make a coordinated acquisition of
      equity securities may be treated as a single entity, and (5) a holder would be considered to beneficially own equity
      securities that such holder has an Option (as defined herein) to acquire); and (iii) an “Option” to acquire stock
      includes all interests described in Treasury Regulations section 1.382-4(d)(9), including any contingent purchase
      right, warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar
      interest, regardless of whether it is contingent or otherwise not currently exercisable.
              Case 24-11217-BLS        Doc 91-1       Filed 06/11/24   Page 21 of 32




       As of ______, 2024, 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 of such Common Stock:

                         Number of Shares                  Date Acquired




                              (Attach additional page or pages if necessary)

       The last four digits of the taxpayer identification number of the undersigned party

are ______.

       Pursuant to the Interim Order (I) Approving Notification and Hearing Procedures for

Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and

(II) Granting Related Relief [Docket No. ______] (the “Interim Order”), this declaration

(this “Declaration”) is being filed with the Court and served upon the Notice Parties (as defined in

the Interim Order).

       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.




                                                  2
           Case 24-11217-BLS   Doc 91-1       Filed 06/11/24   Page 22 of 32




                                               Respectfully submitted,

                                               (Name of Declarant)

                                               By:
                                               ________________________________
                                               Name: _____________________________
                                               Address: ___________________________
                                               ___________________________________
                                               Telephone: _________________________
                                               Facsimile: __________________________
Dated: _______________, 2024
_______________, __________

      (City)       (State)




                                          3
Case 24-11217-BLS     Doc 91-1   Filed 06/11/24   Page 23 of 32




                          Exhibit 1E

   Declaration of Intent to Claim a Worthless Stock Deduction
                 Case 24-11217-BLS                Doc 91-1         Filed 06/11/24          Page 24 of 32




                           IN THE UNITED STATES BANKRUPTCY COURT
                                FOR THE DISTRICT OF DELAWARE

                                                                    )
    In re:                                                          )        Chapter 11
                                                                    )
    VYAIRE MEDICAL, INC., et al., 1                                 )        Case No. 24-11217 (BLS)
                                                                    )
                               Debtors.                             )        (Jointly Administered)
                                                                    )

     DECLARATION OF INTENT TO CLAIM A WORTHLESS STOCK DEDUCTION 2

             The undersigned party hereby provides notice of its intention to claim a worthless stock

deduction (the “Worthless Stock Deduction”) with respect to one or more shares of the existing

classes of common stock or any Beneficial Ownership therein (any such record or Beneficial

Ownership of common stock, collectively, the “Common Stock”) of Vyaire Holding Company.

Vyaire Holding Company is a debtor and debtor in possession in Case No. 24-11217 (BLS)

pending in the United States Bankruptcy Court for the District of Delaware (the “Court”).




1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
2
      For purposes of this Declaration: (i) a “50-Percent Shareholder” is any person or entity that, at any time since
      December 31, 2020, has had Beneficial Ownership of 50 percent or more of the Common Stock (determined in
      accordance with IRC § 382(g)(4)(D) and the applicable Treasury Regulations); (ii) “Beneficial Ownership” will
      be determined in accordance with the applicable rules of sections 382 and 383 of the Internal Revenue Code of
      1986, 26 U.S.C. §§ 1–9834 as amended (the “IRC”), and the Treasury Regulations thereunder (other than
      Treasury Regulations section 1.382-2T(h)(2)(i)(A)) and includes direct, indirect, and constructive ownership
      (e.g., (1) a holding company would be considered to beneficially own all equity securities owned by its
      subsidiaries, (2) a partner in a partnership would be considered to beneficially own its proportionate share of any
      equity securities owned by such partnership, (3) an individual and such individual’s family members may be
      treated as one individual, (4) persons and entities acting in concert to make a coordinated acquisition of equity
      securities may be treated as a single entity, and (5) a holder would be considered to beneficially own equity
      securities that such holder has an Option (as defined herein) to acquire). An “Option” to acquire stock includes
      all interests described in Treasury Regulations section 1.382-4(d)(9), including any contingent purchase right,
      warrant, convertible debt, put, call, stock subject to risk of forfeiture, contract to acquire stock, or similar interest,
      regardless of whether it is contingent or otherwise not currently exercisable.
              Case 24-11217-BLS         Doc 91-1       Filed 06/11/24    Page 25 of 32




         If applicable, on ______, 2024, the undersigned party filed a Declaration of Status as a 50-

Percent Shareholder with the Court and served copies thereof as set forth therein.

         The undersigned party currently has Beneficial Ownership of ______ shares of Common

Stock.

         Pursuant to the Worthless Stock Deduction, the undersigned party proposes to declare that

______ shares of Common Stock became worthless during the tax year ending ______.

         The last four digits of the taxpayer identification number of the undersigned party

are ______.

         Pursuant to the Interim Order (I) Approving Notification and Hearing Procedures for

Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock and

(II) Granting Related Relief [Docket No. ______ ] (the “Interim Order”), this declaration

(this “Declaration”) is being filed with the Court and served upon the Notice Parties (as defined in

the Interim Order).

         At the election of the undersigned party, the Declaration to be filed with this Court (but not

the Declaration that is served upon the Notice Parties) may be redacted to exclude the undersigned

party’s taxpayer identification number and the amount of Common Stock that the undersigned

party beneficially owns.

         Pursuant to the Interim Order, the undersigned party acknowledges that the Debtors and

the other Notice Parties have twenty calendar days after receipt of this Declaration to object to the

Worthless Stock Deduction described herein. If the Debtors or any of the other Notice parties file

an objection, such Worthless Stock Deduction will not be effective unless such objection is

withdrawn or such action is approved by a final and non-appealable order of the Court. If the

Debtors and the other Notice Parties do not object within such twenty-day period, then after




                                                   2
               Case 24-11217-BLS       Doc 91-1       Filed 06/11/24   Page 26 of 32




expiration of such period the Worthless Stock Deduction may proceed solely as set forth in this

Declaration.

       Any further claims of worthlessness contemplated by the undersigned party will each

require an additional notice filed with the Court to be served in the same manner as this Declaration

and are subject to an additional twenty-day waiting period.

       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: _______________, 2024
_______________, __________

       (City)            (State)




                                                  3
Case 24-11217-BLS    Doc 91-1    Filed 06/11/24   Page 27 of 32




                          Exhibit 1F

                    Notice of Interim Order
                 Case 24-11217-BLS             Doc 91-1       Filed 06/11/24         Page 28 of 32




                         IN THE UNITED STATES BANKRUPTCY COURT
                              FOR THE DISTRICT OF DELAWARE

                                                               )
    In re:                                                     )        Chapter 11
                                                               )
    VYAIRE MEDICAL, INC., et al., 1                            )        Case No. 24-11217 (BLS)
                                                               )
                             Debtors.                          )        (Jointly Administered)
                                                               )

                NOTICE OF INTERIM ORDER (I) APPROVING NOTIFICATION
                AND HEARING PROCEDURES FOR CERTAIN TRANSFERS OF
                AND DECLARATIONS OF WORTHLESSNESS WITH RESPECT
                TO COMMON STOCK AND (II) GRANTING RELATED RELIEF

TO: ALL ENTITIES (AS DEFINED BY SECTION 101(15) OF THE BANKRUPTCY
CODE) THAT MAY HOLD BENEFICIAL OWNERSHIP OF THE EXISTING CLASSES
OF COMMON STOCK (THE “COMMON STOCK”) OF VYAIRE HOLDING
COMPANY:

             PLEASE TAKE NOTICE that on June 9, 2024 (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 Delaware (the “Court”) under chapter 11 of title 11 of

the United States Code (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

Motion of Debtors for Entry of Interim and Final Orders (I) Approving Notification and Hearing




1
      The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
      of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
      obtained on the website of the Debtors’ proposed claims and noticing agent at
      https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
      and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
      Illinois, USA 60045.
              Case 24-11217-BLS             Doc 91-1        Filed 06/11/24       Page 29 of 32




Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Common

Stock and (II) Granting Related Relief [Docket No. 14] (the “Motion”).

        PLEASE TAKE FURTHER NOTICE that on [●][●], 2024, the Court entered the Interim

Order (I) Approving Notification and Hearing Procedures for Certain Transfers of and

Declarations of Worthlessness with Respect to Common Stock and (II) Granting Related Relief

[Docket No. [●]] (the “Interim Order”) approving procedures for certain transfers and declarations

of worthlessness with respect to Common Stock, set forth in Exhibit 1 attached to the Interim

Order (the “Procedures”). 2

        PLEASE TAKE FURTHER NOTICE that, pursuant to the Interim 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 Interim 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 pursuant to the Interim Order, upon the

request of any person or entity, the proposed notice, claims, and solicitation agent for the Debtors,

Omni Agent Solutions, Inc., will provide a copy of the Interim 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 https://ecf.deb.uscourts.gov/




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



                                                        2
             Case 24-11217-BLS        Doc 91-1       Filed 06/11/24    Page 30 of 32




for a fee, or free of charge by accessing the Debtors’ restructuring website at

https://omniagentsolutions.com/Vyaire.

         PLEASE TAKE FURTHER NOTICE that, pursuant to the Interim Order, failure to

follow the Procedures set forth in the Interim Order shall constitute a violation of, among other

things, the automatic stay provisions of section 362 of the Bankruptcy Code.

         PLEASE TAKE FURTHER NOTICE that final hearing (the “Final Hearing”) on the

Motion shall be held on July 9, 2024, at 10:00 a.m., prevailing Eastern Time. Any objections or

responses to entry of a final order on the Motion shall be filed on or before 4:00 p.m., prevailing

Eastern Time, on July 2, 2024 and shall be served on: (a) the Debtors, 26125 North Riverwoods

Boulevard, Mettawa, Illinois, USA 60045, Attn.: Charles Braley (cbraley@alixpartners.com);

(b) proposed co-counsel to the Debtors (i) Kirkland & Ellis LLP, 601 Lexington Avenue, New

York, New York 10022, Attn.: Joshua A. Sussberg, P.C. (joshua.sussberg@kirkland.com), Chris

Ceresa (chris.ceresa@kirkland.com), and Tiffani Chanroo (tiffani.chanroo@kirkland.com,

(ii) Kirkland & Ellis LLP, 333 West Wolf Point Plaza, Chicago, Illinois, 60654, Attn.: Spencer A.

Winters (spencer.winters@kirkland.com) and Yusuf U. Salloum (yusuf.salloum@kirkland.com),

(iii) Cole Schotz P.C., 500 Delaware Avenue, Suite 1410, Wilmington, Delaware 19801,

Attn.:    Patrick   J.   Reilley,   Esq.     (preilley@coleschotz.com),     Stacy   L.   Newman

(snewman@coleschotz.com), Michael E. Fitzpatrick, Esq. (mfitzpatrick@coleschotz.com),

and Jack M. Dougherty, Esq. (jdougherty@coleschotz.com), and (iv) Cole Schotz P.C., Court

Plaza North, 25 Main Street, Hackensack, New Jersey 07601, Attn.: Michael D. Sirota, Esq.

(msirota@coleschotz.com)      and   Warren     A.    Usatine,   Esq.   (wusatine@coleschotz.com);

(c) counsel to the 1L Ad Hoc Group, (i) Gibson, Dunn & Crutcher LLP, 200 Park Avenue,

New York, NY 10166-0193, Attn.: Scott J. Greenberg (SGreenberg@gibsondunn.com),




                                                 3
             Case 24-11217-BLS         Doc 91-1       Filed 06/11/24     Page 31 of 32




Jason      Zachary        Goldstein       (JGoldstein@gibsondunn.com),            Joshua       Brody

(JBrody@gibsondunn.com), and Kevin Liang (KLiang@gibsondunn.com) and (ii) Pachulski

Stang Ziehl & Jones LLP, 919 North Market Street, 17th Floor, Wilmington, DE 19801, Attn.:

Laura Davis Jones (ljones@pszjlaw.com); (d) the United States Trustee, 844 King Street, Suite

2207,   Lockbox 35,      Wilmington,     Delaware      19801,   Attn.:   Benjamin     A.    Hackman

(Benjamin.A.Hackman@usdoj.gov); and (e) any statutory committee appointed in these chapter

11 cases. In the event no objections to entry of the Final Order on the Motion are timely received,

the Court may enter such Final Order without need for the Final Hearing.

        PLEASE TAKE FURTHER NOTICE that nothing in the Interim Order shall preclude

any person desirous of acquiring any Common Stock from requesting relief from the Interim Order

from this Court, subject to the Debtors’ and the other Notice Parties’ rights to oppose such relief.

        PLEASE TAKE FURTHER NOTICE that other than to the extent that the Interim Order

expressly conditions or restricts trading in Common Stock, nothing in the Interim Order or in the

Motion shall, or shall be deemed to, prejudice, impair, or otherwise alter or affect the rights of any

holders of Common Stock, including in connection with the treatment of any such stock under any

chapter 11 plan or any applicable bankruptcy court order.

        PLEASE TAKE FURTHER NOTICE that any prohibited purchase, sale, or other

transfer of Common Stock, Beneficial Ownership thereof, or option with respect thereto in

violation of the Interim 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 Interim

Order are in addition to the requirements of applicable law and do not excuse

compliance therewith.




                                                  4
                     Case 24-11217-BLS           Doc 91-1    Filed 06/11/24     Page 32 of 32




Dated: [●], 2024
Wilmington, Delaware

 /s/ DRAFT
  COLE SCHOTZ P.C.                                          KIRKLAND & ELLIS LLP
  Patrick J. Reilley, Esq. (DE Bar No. 4451)                KIRKLAND & ELLIS INTERNATIONAL LLP
  500 Delaware Avenue, Suite 1410                           Joshua A. Sussberg, P.C. (pro hac vice admission pending)
  Wilmington, Delaware 19801                                601 Lexington Ave
  Telephone:       (302) 652-3131                           New York, New York 10022
  Facsimile:       (302) 652-3117                           Telephone:    (212) 446-4800
  Email:           preilley@coleschotz.com                  Facsimile:    (212) 446-4900
                                                            Email:        joshua.sussberg@kirkland.com
 - and -
                                                            - and -
 Michael D. Sirota, Esq. (pro hac vice admission pending)
 Warren A. Usatine, Esq (pro hac vice admission pending)    Spencer A. Winters, P.C. (pro hac vice admission pending)
 Court Plaza North, 25 Main Street                          Yusuf U. Salloum (pro hac vice admission pending)
 Hackensack, New Jersey 07601                               333 West Wolf Point Plaza
 Telephone:      (201) 489-3000                             Chicago, Illinois 60654
 Facsimile:      (201) 489-1536                             Telephone:      (312) 862-2000
 Email:          msirota@coleschotz.com                     Facsimile:      (312) 862-2200
                 wusatine@coleschotz.com                    Email:          spencer.winters@kirkland.com
                                                                            yusuf.salloum@kirkland.com


 Proposed Co-Counsel to the Debtors                         Proposed Co-Counsel to the Debtors
 and Debtors in Possession                                  and Debtors in Possession


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