Application to Retain Cole Schotz P.C. as Delaware Co-Counsel — In re Vyaire Medical, Inc. (Doc 239)
Summary
Doc 239-2, filed July 9, 2024 in Case 24-11217-BLS, containing Exhibit A, a Proposed Order, followed by Exhibit B, the Reilley Declaration, and a declaration of John Bibb. The proposed order would grant the Debtors' Application to retain and employ Cole Schotz P.C. as Delaware co-counsel effective as of the Petition Date under section 327(a) of the Bankruptcy Code, and would require Cole Schotz to give ten (10) business days' notice before rate increases. The Reilley Declaration states that Cole Schotz does not represent an interest adverse to the Debtors or their estates. The Bibb declaration, dated July 9, 2024 and signed /s/ John Bibb, Group Chief Executive Officer, states that the Debtors believe the rates are reasonable.
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- Date
- 2024-07-09
Cite this document
“Application to Retain Cole Schotz P.C. as Delaware Co-Counsel — In re Vyaire Medical, Inc. (Doc 239).”
Original at ecf.deb.uscourts.gov, dated 2024-07-09. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-07-09-vyaire-cs-retention-application-47853082-8/
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Exhibit A Proposed Order Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 1 of 43 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) ) ) Re: Docket No. ____ ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF COLE SCHOTZ P.C. AS DELAWARE CO-COUNSEL FOR THE DEBTORS EFFECTIVE AS OF THE PETITION DATE Upon consideration of the Debtors’ Application for Entry of an Order Authorizing the Retention and Employment of Cole Schotz P.C. as Delaware Co-Counsel for the Debtors Effective as of the Petition Date (the “Application”);2 and the Court having reviewed the Application, the Reilley Declaration and the Bibb Declaration submitted in support thereof; and the Court being satisfied, based on the representations made in the Application and the Reilley Declaration, that Cole Schotz is a “disinterested person” as defined in section 101(14) of the Bankruptcy Code and as required by section 327(a) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtors’ estates; and the United States District Court for the District of Delaware having jurisdiction to consider this Application under 28 U.S.C. § 1334, which was referred to this Court under 28 U.S.C. § 157 and the Amended Standing Order of Reference from the United States District Court for the District of Delaware, dated February 29, 2012; and the matter being a core 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’ 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 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Application. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 2 of 43 2 proceeding within the meaning of 28 U.S.C. § 157(b)(2); and the Court being able to issue a final order consistent with Article III of the United States Constitution; and venue of this proceeding and the Application being proper pursuant to 28 U.S.C. §§ 1408 and 1409; and due and sufficient notice of the Application having been given under the particular circumstances; and it appearing that no other or further notice is necessary; and after due deliberation thereon; and good and sufficient cause appearing therefor; it is HEREBY ORDERED THAT: 1. The Application is GRANTED as set forth herein. 2. The Debtors are authorized to retain and employ Cole Schotz as their Delaware co-counsel in these Chapter 11 Cases effective as of the Petition Date pursuant to section 327(a) of the Bankruptcy Code in accordance with the terms and conditions set forth in the Application. 3. Cole Schotz shall apply for compensation earned for professional services rendered and reimbursement of expenses incurred in connection with these Chapter 11 Cases in compliance with sections 330 and 331 of the Bankruptcy Code and the applicable provisions of the Bankruptcy Rules, the Local Rules and any other applicable procedures and orders of the Court. 4. The Retainer shall be held by Cole Schotz as security throughout the bankruptcy cases until Cole Schotz’s fees and expenses are awarded by final order and payable to Cole Schotz. 5. Cole Schotz shall make a reasonable effort (taking into account the particular facts and circumstances of these Chapter 11 Cases) to comply with the U.S. Trustee’s requests for information and additional disclosures as set forth in the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses filed under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases Effective as of November 1, 2013 (the “Revised UST Guidelines”) in connection with any interim or final fee applications to be filed by Cole Schotz in these Chapter 11 Cases. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 3 of 43 3 6. Consistent with the Revised UST Guidelines, Cole Schotz shall provide ten (10) business days’ notice to the Debtors, the U.S. Trustee and counsel for the Official Committee of Unsecured Creditors before any increases in the rates set forth in the Application are implemented and shall file such notice with the Court. The U.S. Trustee retains all rights to object to any rate increase on all grounds, including the reasonableness standard set forth in section 330 of the Bankruptcy Code, and the Court retains the right to review any rate increase pursuant to section 330 of the Bankruptcy Code. 7. The Debtors and Cole Schotz are authorized to take all actions necessary to effectuate the relief granted pursuant to this Order in accordance with the Application. 8. To the extent that there may be any inconsistency among the terms of the Application, the Reilley Declaration and this Order, the provisions of this Order shall govern. 9. The terms and conditions of this Order shall be immediately effective and enforceable upon its entry. 10. The Court shall retain exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation and enforcement of this Order. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 4 of 43 Exhibit B Reilley Declaration Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 5 of 43 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 PATRICK J. REILLEY IN SUPPORT OF DEBTORS’ APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF COLE SCHOTZ P.C. AS DELAWARE CO-COUNSEL FOR THE DEBTORS EFFECTIVE AS OF THE PETITION DATE I, Patrick J. Reilley, hereby declare under penalty of perjury, as follows: 1. I am a Member of the law firm of Cole Schotz P.C. (“Cole Schotz” or the “Firm”), which maintains offices for the practice of law at 500 Delaware Avenue, Suite 1410, Wilmington, Delaware 19801. The Firm also maintains offices in Boca Raton, Florida; Baltimore, Maryland; Hackensack, New Jersey; New York, New York; and Dallas, Texas. 2. This declaration (the “Declaration”) is submitted in accordance with sections 327(a), 329 and 1107 of the Bankruptcy Code, Bankruptcy Rules 2014 and 2016 and Local Rules 2014-1 and 2016-1 in support of the Debtors’ Application for Entry of an Order Authorizing the Retention and Employment of Cole Schotz P.C. as Delaware Co-Counsel for the Debtors Effective as of the Petition Date (the “Application”).2 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’ 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 Capitalized terms used and not otherwise defined herein have the meanings ascribed to such terms in the Application. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 6 of 43 2 3. Unless otherwise stated in this Declaration, I have personal knowledge of the facts hereinafter set forth. To the extent that any information disclosed herein requires supplementation, amendment or modification upon Cole Schotz’s completion of further analysis or as additional information becomes available to it, a supplemental declaration will be filed with the Court. COLE SCHOTZ’S QUALIFICATIONS 4. Since its retention, Cole Schotz has familiarized itself with the Debtors and potential legal issues that may arise in the context of these Chapter 11 Cases. As a result, Cole Schotz has the necessary background and knowledge to represent the Debtors in these Chapter 11 Cases in an effective and efficient manner. SCOPE OF COLE SCHOTZ’S PROPOSED SERVICES 5. It is proposed that Cole Schotz be employed by the Debtors to render the following services: (a) provide legal advice with respect to the Debtors’ powers and duties as debtors in possession; (b) provide legal advice with respect to the Local Rules and local practices and procedures; (c) take all necessary action to protect and preserve the Debtors’ estates, including the prosecution of actions on the Debtors’ behalf, the defense of any actions commenced against the Debtors, the negotiation of disputes in which the Debtors are involved and the preparation of objections to claims filed against the Debtors’ estates; (d) prepare and/or review and comment, on behalf of the Debtors, as debtors in possession, on all necessary motions, applications, answers, orders, reports and other papers in connection with the administration of the Debtors’ estates; (e) advise the Debtors concerning and prepare and/or review responses to applications, motions, other pleadings, notices and other papers that may be filed by the Debtors and other parties in these Chapter 11 Cases; Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 7 of 43 3 (f) prepare notices of agenda, certificates of no objections, certifications of counsel, and notices of motions, applications and hearings; (g) attend meetings and negotiate with representatives of creditors and other parties in interest, appear at Court hearings and advise the Debtors on the conduct of these Chapter 11 Cases; (h) take all necessary actions in connection with any chapter 11 plan of reorganization and related disclosure statement, as each may be amended from time to time, and all related documents, and such further actions as may be required in connection with the administration of the Debtors’ estates and the implementation of any such documents; (i) monitor the docket for filing deadlines and hearing dates, maintain a critical dates calendar and coordinate with co-counsel on pending matters; (j) serve as conflicts counsel on certain matters where needed and as the same may arise during the course of these Chapter 11 Cases; and (k) perform all other necessary legal services in connection with the prosecution of these Chapter 11 Cases. PROFESSIONAL COMPENSATION 6. Cole Schotz intends to apply to the Court for allowance of compensation earned for professional services rendered and reimbursement of actual and necessary expenses incurred in connection with these Chapter 11 Cases in accordance with applicable provisions of the Bankruptcy Code, the Bankruptcy Rules, the Local Rules and any other applicable procedures and orders of the Court. The Cole Schotz attorneys and paralegals primarily responsible for representing the Debtors and their current standard hourly rates are:3 Name Title Hourly Rate Patrick J. Reilley Member $805 per hour Stacy L. Newman Member $725 per hour Michael E. Fitzpatrick Associate $500 per hour Melissa M. Hartlipp Associate $385 per hour Larry S. Morton Paralegal $380 per hour 3 Cole Schotz generally increases its rates on or about September 1 of each year. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 8 of 43 4 7. In addition, other attorneys, paralegals and other professionals may be involved as necessary and appropriate to represent the Debtors. The current rates of Cole Schotz members, special counsel, associates, paralegals and litigation support specialists are as follows: Members $550 to $1,475 per hour Special Counsel $620 to $750 per hour Associates $350 to $600 per hour Paralegals $260 to $440 per hour Litigation Support Specialists $405 to $510 per hour 8. The hourly rates set forth above are the Firm’s standard hourly rates. These rates are set at a level designed to compensate fairly the Firm for the work of its attorneys and paralegals and to cover fixed and routine overhead expenses. Cole Schotz has informed the Debtors that its hourly rates are subject to periodic adjustments to reflect economic and other conditions and to reflect the professionals’ increased expertise and experience in their area of law. 9. In addition, it is Cole Schotz’s policy to charge its clients in all areas of practice for all other expenses incurred related to the representation. The expenses charged to clients include, among other things, facsimile (outgoing only), toll and other charges, external teleconferencing, mail and express mail charges, special or hand delivery charges, photocopying, scanning and printing charges, travel expenses, expenses for “working meals,” computerized research, transcription costs and non-ordinary overhead expenses such as secretarial and other overtime. Cole Schotz will charge for these expenses in a manner and at rates consistent with charges made generally to its other clients. COLE SCHOTZ’S DISINTERESTEDNESS 10. In connection with its proposed retention by the Debtors in these Chapter 11 Cases, Cole Schotz conducted a search of its conflicts database with respect to the Debtors and a list of potential parties in interest in these Chapter 11 Cases compiled by the Debtors and their proposed Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 9 of 43 5 professionals (collectively, the “Potential Parties in Interest”). The Potential Parties in Interest and the results of Cole Schotz’s conflicts search are set forth on Schedule 1 and Schedule 24 attached hereto, respectively. 11. To the extent Cole Schotz’s search of its internal conflicts database indicated that Cole Schotz has, or previously had, a relationship with any of the Potential Parties in Interest during the three (3) calendar year period preceding the Petition Date, the identities of such parties and Cole Schotz’s relationships with such parties are set forth in Schedule 2 annexed hereto. Further, each of the representations identified on Schedule 2 is wholly unrelated to the Debtors and these Chapter 11 Cases. 12. Through its analysis, Cole Schotz determined that it has no connections with the Debtors, creditors of the Debtors, their respective attorneys and accountants, the U.S. Trustee or any person employed in the Office of the U.S. Trustee during the three-calendar-year period preceding the Petition Date, except as set forth herein and on Schedule 2 attached hereto. 13. Further, as part of its diverse practice, Cole Schotz appears in numerous cases, proceedings and transactions involving many different professionals, including other attorneys, accountants, financial consultants and investment bankers, some of whom are or represent Potential Parties in Interest in these Chapter 11 Cases. Cole Schotz does not, and will not, represent any such professional in these Chapter 11 Cases. 14. Based on the results of Cole Schotz’s analysis, and except as otherwise disclosed herein, Cole Schotz (i) does not represent any entity having an adverse interest in connection with these Chapter 11 Cases and (ii) does not represent or hold an interest adverse to the interest of the Debtors or their estates. 4 Schedule 2 lists entities that Cole Schotz either currently represents or formerly represented on matters unrelated to these Chapter 11 Cases in the last three (3) calendar years. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 10 of 43 6 15. To the best of my knowledge, information and belief, after reasonable inquiry, Cole Schotz is disinterested within the meaning of section 101(14) of the Bankruptcy Code in that neither I, Cole Schotz nor any of its members, special counsel or associates: (a) are creditors, equity security holders or insiders of the Debtors; (b) are, or within two years before the Petition Date were, a director, officer or employee of the Debtors; or (c) have an interest materially adverse to the interest of the estates or of any class of creditors or equity security holders by reason of any direct or indirect relationship to, connection with or interest in the Debtors or for any other reason. 16. Despite the substantial efforts described above to identify and disclose potential conflicts and connections with parties in interest in these cases, in light of the significant number of creditors and other parties in interest in these Chapter 11 Cases, neither I nor Cole Schotz is able to conclusively identify all potential relationships or state with absolute certainty that every client representation or other connection of Cole Schotz has been disclosed. To the extent Cole Schotz discovers any facts or additional information during the period of Cole Schotz’s retention that requires disclosure, Cole Schotz will file with the Court a supplement to this Declaration to disclose such information. COMPENSATION RECEIVED BY COLE SCHOTZ FROM THE DEBTORS 17. Cole Schotz was retained by the Debtors in connection with the preparation and filing of these Chapter 11 Cases. Prior to the Petition Date, Cole Schotz received retainers and payments totaling $1,482,829.10 from the Debtors. To date, $1,143,797.85 in fees and expenses have been applied to outstanding balances existing as of the Petition Date. The remaining $339,031.25 constitutes a retainer (the “Retainer”) for Cole Schotz’s post-petition services. The Debtors do not currently owe Cole Schotz any amounts for legal services rendered prior to the Petition Date. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 11 of 43 7 18. A retainer is appropriate here. As this Court noted in In re Insilco Techs., Inc., 291 B.R. 628, 634 (Bankr. D. Del. 2003), courts apply a “reasonableness” standard to determine whether the terms and conditions of a retention application, including retainers, are appropriate. Key factors include: (1) whether terms of an engagement agreement reflect normal business terms in the marketplace; (2) relationship between debtor and professional, i.e., whether parties are sophisticated business entities with equal bargaining power who engaged in arms-length negotiation; (3) whether the retention, as proposed, is in best interests of the estate; (4) whether there is creditor opposition to retention and retainer provisions; and (5) whether, given the size, circumstances and posture of the case, the amount of the retainer is itself reasonable, including whether the retainer provides appropriate level of “risk minimization,” especially in light of the existence of any other risk-minimizing devices such as administrative order and/or carve-out. 19. The Debtors submit that the proposed Retainer is “reasonable” under the factors articulated in Insilco. First, retainer agreements reflect normal business terms in the marketplace. See id. (noting that “it is not disputed that the taking of evergreen retainers is a practice now common in the market place. . . [and] the practice in this district has been engaged in since at least the early 1990’s”). Second, Cole Schotz and the Debtors are sophisticated business entities that have negotiated the Retainer at arm’s length. Third, approval of the proposed Retainer is in the best interests of the estates, as it enables the Debtors to maintain the relationship with the Firm they established pre-petition. Fourth, the Debtors are not aware of any creditor opposition to the retention or proposed Retainer. Fifth, the Retainer protects Cole Schotz against the risk of non- payment and is reasonable given the size and circumstances of these cases. Therefore, approval of the proposed Retainer is warranted under the standards articulated in Insilco. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 12 of 43 8 20. Pursuant to Bankruptcy Rule 2016(b), Cole Schotz has neither shared nor agreed to share (a) any compensation it has received or may receive in connection with these Chapter 11 Cases with another party or person, other than with the employees of Cole Schotz or (b) any compensation another person or party has received or may receive in connection with these Chapter 11 Cases. ATTORNEY STATEMENT PURSUANT TO REVISED UST GUIDELINES 21. Cole Schotz shall apply for compensation for professional services rendered and reimbursement of expenses incurred in connection with the Debtors’ cases in compliance with sections 330 and 331 of the Bankruptcy Code and applicable provisions of the Bankruptcy Rules, the Local Rules and any other applicable procedures and orders of the Court. Cole Schotz also intends to make a reasonable effort (taking into account the particular facts and circumstances of these Chapter 11 Cases) to comply with the U.S. Trustee’s requests for information and additional disclosures as set forth in the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases Effective as of November 1, 2013 (the “Revised UST Guidelines”), both in connection with this Application and with the interim and final fee applications to be filed by Cole Schotz in these Chapter 11 Cases. While Cole Schotz is agreeing to do so in these cases, this statement regarding the Revised UST Guidelines is made for these cases only and with a full and express reservation of rights with respect to any other cases and matters. 22. The following is provided in response to the request for additional information set forth in Paragraph D.1. of the Revised UST Guidelines: Question Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response No. Cole Schotz professionals working on this matter will bill at Cole Schotz’s standard hourly rates. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 13 of 43 9 Question Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response No. Question If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response As set forth above, Cole Schotz will bill at its standard hourly rates, with all fees and expenses being subject to approval of the Court, subsequent to the commencement of these Chapter 11 Cases. Question Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Response The Debtors and their professionals are currently in the process of formulating a detailed budget that is consistent with the form of budget attached as Exhibit C-1 to the Revised UST Guidelines, recognizing that in the course of a case like these Chapter 11 Cases, it is highly likely that there may be a number of unforeseen fees and expenses that will need to be addressed by the Debtors and their professionals. 23. Cole Schotz, as proposed counsel to the Debtors, will report directly to the Debtors. Pursuant to 28 U.S.C. § 1746, I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief. Dated: July 9, 2024 Wilmington, Delaware Respectfully Submitted, /s/ Patrick J. Reilley Patrick J. Reilley Cole Schotz P.C. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 14 of 43 SCHEDULE 1 List of Schedules Schedule Category 1(a) 1(b) 1(c) 1(d) 1(e) 1(f) 1(g) 1(h) 1(i) 1(j) 1(k) 1(l) 1(m) 1(n) 1(o) 1(p) 1(q) 1(r) Debtors and their Non-Debtor Affiliates Current and Recent Former Directors and Officers Shareholders Bankruptcy Professionals Cash Management Banks Insurers Landlords Lender Counsel and Advisors Lenders and Agents Litigation Parties and Counsel Material Contract Counterparties Ordinary Course Professionals Potential M&A Counterparties Taxing Authorities Committee Professionals Committee Members U.S. Trustee Personnel, Bankruptcy Judges, & Court Contacts for the United States Bankruptcy Court for the District of Delaware (and key staff members) Utility Providers Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 15 of 43 SCHEDULE 1(a) Debtors & their Non-Debtor Affiliates Acutronic Medical Systems AG Advanced Respiratory Care AG Apax VIII Fund Ariel EquityCo GP LLC Ariel EquityCo LP Bird Products Corp. Breathe US Holdco Inc. Breathe US Holdings LP Carefusion UK 232 Ltd. Carefusion UK 235 Ltd. EME Medical Inc. imtmedical AG imtmedical Pte. Ltd. Intermed Equipamento Medico Hospitalar Ltda. MIM Medizinische Instrumente und Monitoring Gmbh RBW Investment Gmbh & Co. Kg Revolutionary Medical Devices Inc. SensorMedics Corp. Serviços De Assistencia Tecnica A Equipamento Medico Hospitalar Ltda. Trout, Mary Viasys Holdings Inc. VM Finance Sub LLC Vyaire BV Vyaire Co. Vyaire DMCC Vyaire Finance BV Vyaire Finance Sub, LLC (US) Vyaire Financial Holdings LLC Vyaire GmbH Vyaire Holding Co. Vyaire Intermediate HoldCo GP LLC Vyaire Intermediate HoldCo LP Vyaire Limited Liability Company (Russia) Vyaire Medical 202 Inc. Vyaire Medical 203 Inc. Vyaire Medical 205 Inc. Vyaire Medical 206 Inc. Vyaire Medical 211 Inc. Vyaire Medical AB Vyaire Medical BR LLC Vyaire Medical BV Vyaire Medical Capital LLC Vyaire Medical Consumables LLC Vyaire Medical Cooperatief UA Vyaire Medical Denmark Vyaire Medical GmbH Vyaire Medical Holdings BV Vyaire Medical, Inc. Vyaire Medical International BV Vyaire Medical International LLC Vyaire Medical Korea Ltd. Vyaire Medical LLC Vyaire Medical Payroll LLC Vyaire Medical Private Ltd. Vyaire Medical Products (Shanghai) Co., Ltd. (Beijing Branch) Vyaire Medical Products (Shanghai) Co., (China) Vyaire Medical Products Ltd. Vyaire Medical Products Ltd. (Spolka Z Ograniczonaodpowiedzialniscia) Vyaire Medical Products ULC Vyaire Medical Pte. Ltd. Vyaire Medical Pty Ltd. Vyaire Medical Sarl Vyaire Medical Sdn. Bhd. Vyaire Medical Srl Vyaire Receivables LLC Vyaire Respiratory Diagnostics LLC Vyaire SRL Vyaire TSR Midco LLC Vyaire TSR Sub, LLC Vyaire Turkey Tibbi Cihazlar Ticaret Anonim Şirketi Vyaire UK 236 Ltd. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 16 of 43 SCHEDULE 1(b) Current & Recent Former Directors & Officers Aebischer, Thomas Alisjahbana, Anna Mardiana Aronzon, Paul Bajaj, Vikram Barse, David Bibb, John Brown, Kira Carpaij, Jasper Contreras, Kim Dewa, Siti Junainah Binti Dyson, Steven Elwood, John Ernst, Tom Ferreira, Marcelo Tadeu Fontinha Gopal, Ajay Ha, Phung Minh Johnson, June Kothmann, Cally Labrum, Ronald Lisenby, Rachel McDaniel, Terrie MacKenzie, Roy Minh Ha, Phung Noll, Tammy Silberstein, Martin Fritz Talwar, Saurabh Tamas, Stephan Throp, Nicholas William Trout, Mary Tue, Chris van Kampen, Gijsbert Wise, Bret Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 17 of 43 SCHEDULE 1(c) Shareholders Apax Global Alpha Ltd. Apax Partners LLP Apax VIII Fund Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 18 of 43 SCHEDULE 1(d) Bankruptcy Professionals AlixPartners LLP Cole Schotz PC Omni Agent Solutions Inc. PJT Partners Inc. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 19 of 43 SCHEDULE 1(e) Cash Management Banks Bank Commerciale Italiana Parma Bank of America Barclays UK Investments Ltd. Deutsche Bank AG Handlesbanken plc Hypo Vereinsbank JPMorgan Chase Bank NA UBS AG Wilmington Trust Corp. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 20 of 43 SCHEDULE 1(f) Insurers American International Group Inc. AXIS Insurance Co. Berkshire Hathaway Specialty Insurance Co. Chubb Ltd. The Hartford Financial Services Group Inc. Hartford Fire Insurance Co. Marsh USA, Inc. Midvale Indemnity Co. (Bowhead) Old Republic Professional Liability Inc. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 21 of 43 SCHEDULE 1(g) Landlords Aviemore Chineham Park No. 1 Ltd. Aviemore Chineham Park No. 2 Ltd. Chineham Park Dell Realty Co. Exeter 6201 Global Distribution LLC The Irvine Co., LLC Kilmainham Vyaire LLC TICIC SUB LLC Yurbal Real Estate BV Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 22 of 43 SCHEDULE 1(h) Lender Counsel & Advisors ArentFox Schiff LLP Ashby & Geddes PA Gibson Dunn & Crutcher LLP Haynes & Boone LLP Houlihan Lokey Inc. Morris James LLP Pachulski Stang Ziehl & Jones LLP Paul Weiss Rifkind Wharton & Garrison LLP Rothschild & Co. Seward & Kissel LLP Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 23 of 43 SCHEDULE 1(i) Lenders & Agents ACM ASOF VII Cayman Holdco LP ACM ASOF VIII Secondary C LP AlbaCore Capital LLP AlbaCore Investment Opportunities LP AlbaCore Liquid Income Designated Activity Co. AlbaCore Partners II Investment Holdings D Designated Activity Co. AlbaCore Partners III Investment Holdings Fin III Designated Activity Co. Alcentra Ltd. Alcentra NY LLC Apax Global Alpha Limited Apax Partners LLP Ares Management LLC ASG Merkel I SARL Atalaya Capital Management LP Balta Investments Designated Activity Co. Bank of America Corp. Bardin Hill Investment Partners BDCA SLF Funding LLC Benefit Street Partners Capital Opportunity Fund II SPV 1 LP Benefit Street Partners Capital Opportunity Fund SPV LLC Benefit Street Partners CLO II Ltd. Benefit Street Partners CLO III Ltd. Benefit Street Partners CLO IV Ltd. Benefit Street Partners CLO IX Ltd. Benefit Street Partners CLO V B Ltd. Benefit Street Partners CLO VI B Ltd. Benefit Street Partners CLO VIII Ltd. Benefit Street Partners CLO X Ltd. Benefit Street Partners CLO XI Ltd. Benefit Street Partners CLO XII Ltd. Benefit Street Partners CLO XIV Ltd. Benefit Street Partners CLO XIX Ltd. Benefit Street Partners CLO XV Ltd. Benefit Street Partners CLO XVI Ltd. Benefit Street Partners CLO XVII Ltd. Benefit Street Partners CLO XXIII Ltd. Benefit Street Partners Debt Fund IV Master Non US LP Benefit Street Partners Debt Fund IV Non US SPV LP Benefit Street Partners Debt Fund IV Master Benefit Street Partners Debt Fund IV SPV LP Benefit Street Partners LLC Benefit Street Partners Senior Secured Opportunities Fund LP Benefit Street Partners Senior Secured Opportunities U Master Fund Non US LP Benefit Street Partners SMA C LP Benefit Street Partners SMA C SPV LP Benefit Street Partners SMA K SPV LP BlackRock EMMPD II Investment SARL Blackrock Financial Management Inc. BlackRock Global LLC Blackrock Investment Management BNP Paribas BSP Senior Secured Debt Fund Non US SPV 1 LP BSP Senior Secured Debt Fund SPV 1 LP BSP SMA T 2020 SPV LP California Street CLO IX LP Canada Life Assurance Co., The Commonwealth Land Title Insurance Co. Cutwater 2014 I Ltd. Cutwater 2015 I Ltd. Diamond CLO 2018 1 Ltd. Diamond TargetCo 1 LLC Diversified Loan Fund Private Debt B SARL Ellington CLO I Ltd. Ellington CLO II Ltd. Ellington CLO III Ltd. Ellington CLO IV Ltd. Ellington Management Group LLC EMMPD ASG Sarl EMMPD Investment Sarl Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 24 of 43 Employees & Agents Pension Plan GWL & A Financial Inc. Empower Capital Management Empower Funds Inc. Empower Short Duration Bond Fund Fidelity National Title Insurance Co. First Eagle Alternative Credit LLC Goldman Sachs Trust II Goldman Sachs Multi Manager Non Core Fixed Income Fund Great-West Capital Management LLC GSO Capital Partners LP GSO Diamond Portfolio Fund LP Halcyon Asset Management LLC Halcyon Loan Advisors Funding 2015 1 Ltd. Halcyon Loan Advisors Funding 2015 2 Ltd. Halcyon Loan Advisors Funding 2015 3 Ltd. ING Capital LLC JPMorgan Chase Bank NA Landmark Wall SMA SPV LP Menard Inc. Mezzvet Luxembourg III SARL Mizuho Bank Ltd. New York Morgan Stanley Bank NA MV Credit Partners LLP MV LUX IV SARL MV Private Debt CE Sarl MV Private Debt GC Sarl MV Private Debt OP1 Sarl Natixis New York Branch Newport Global Advisors Newport Global Credit Fund Master LP Nuveen Alternative Investment Funds SICAV SIF Nuveen Asset Management LLC Nuveen Floating Rate Income Fund Nuveen Floating Rate Income Fund A Series of Nuveen Investment Trust III Nuveen Senior Loan Fund LP Nuveen US Senior Loan Fund Pensiondanmark Pensionsforsikringsaktieselskab by Symphony Asset Management LLC Pontus Holdings Ltd. Principal Diversified Real Asset Cit Fka Diversified Real Asset Cit Principal Funds Inc Diversified Real Asset Fund Providence Debt Fund III Non US Spv LP Providence Debt Fund III Master Providence Debt Fund III Spv LP Providence Debt Fund III LP Providence Equity Partners Inc. Providence Equity Partners LLC Quadrant Capital Advisors Royal Bank of Canada New York Branch Separate Investment Account P3 Diversified Bond I Account of Massachusetts Mutual Life Insurance Co. Separate Investment Account P5 Diversified Bond II Account of Massachusetts Mutual Life Insurance Co. Shackleton 2014 V R Clo Ltd. Shackleton 2019 XIV Clo Ltd. Shackleton 2021 XVI Clo Ltd. Symphony Asset Management LLC Symphony Clo XIX Ltd. Symphony Clo XV Ltd. Symphony Clo XVI Ltd. Symphony Clo XVIILtd. Symphony Clo XVIII Ltd. Symphony Clo XX Ltd. Symphony Floating Rate Senior Loan Fund TCI Symphony Clo 2016 1 Ltd. TCI Symphony Clo 2017 1 Ltd. TIAA CREF Investment Services TIAA Global Public Investments LLC Series Loan Teachers Insurance & Annuity UBS AG Stamford Branch Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 25 of 43 SCHEDULE 1(j) Litigation Parties & Counsel Abed, Jonathon Baumgartner, Kara Boshears, Gordon Bryant, Terry CMM Supplies & Services S.A.L. Esbee Dynamed Pvt. Ltd. Estate of Audrea Hardwicks-Williams Estate of Rylee Jones Greer, Erich Kavanaugh, Mike Middleton, Kyashia Pernambuco, State of (Brazil) Piaui, State of (Brazil) Ransom, Connita Restech SRL Ringted Investment SL Secretaria da Saúde de Bahia Secretaria de Saude de Fortaleza Sleep Management LLC SpaceInsp United States, Government of the, Department of Defense, Office of the Inspector General Vidal, John Warrington, Amy Westchester Surplus Lines Insurance Co. Williams, Juan Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 26 of 43 SCHEDULE 1(k) Material Contract Counterparties A Plus International Inc. ABM Industry Group LLC Accent Plastics Inc. Actalent Inc. Advanced Motion Controls AB Advanced Printing Co. Aerotek Inc. Agiliti Health Inc. Alabran, Michael W. Alexander Group, The Amazon Web Services Inc. Ambrit Engineering Corp. American Crating Cd Analytical Industries Inc. Area LLC Aryaka Networks Inc. Ascension Health Resource & Supply Management Group LLC Ascension Providence Hospital Assured Partners Capital Inc. AssuredPartners Inc. Aston Carter Inc. Atlantic Health System Inc. Augusta Hitech Soft Solutions LLC Avnet Inc. BCP Systems Inc. Best Source Electronics Corp. Bruel & Kjaer North America Inc. Cardinal Health 200 LLC Cardinal Health Inc. CareFusion Corp. - Mexicali Cass Information Systems Inc. Ceva International Inc. Ceva Logistics AG Chicago Office Technology Group Inc. Children’s Healthcare Atlanta Cigna Behavioral Health Cigna Group, The Clayton Controls Inc. Cleo Communications US LLC Cognizant Technology Solutions US Corp. Concept Dynamics Ltd. Connexio Health LLC CVS Caremark Da/Pro Rubber Inc. Data Modul Inc. David M. Lewis Co. LLC, The Deel Inc. Dell Marketing LP Dell Realty Co. Educe Group Inc., The Enlabel Global Services Inc. Erasmus University Medical Center Eurofins Electrical & Electronic UK Fidelity Insurance Co. Flexim US Corp. Forte DGTL LLC GE Healthcare Technologies Inc. GE Precision Healthcare LLC Genmed Group Ltd. Gispath Inc. Global Regulatory Writing & Consulting Gravity Talent Solutions LLC Greatbatch Medical SAS Hack Formenbau Gmbh HCA Management Services LP HealthEquity Inc. HealthTrust Purchasing Group LP House of Batteries Ltd. IMI Co. Ltd. Indiana University Health Inc. Integrated Medical Systems Inc. Inventus Power Inc. Ipan Intellectual Property Associates ITD Corp. Jabil Circuit (Shanghai) Ltd. Kaiser Permanente Inc. Kuehne & Nagel Inc. Lyn Medical Inc. MarLee Manufacturing Inc. Marsh USA Inc. Masanet, Sebastian Maxtec LLC McKesson Corp. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 27 of 43 McKesson Medical-Surgical Inc. Medline Industries Inc. Mer Mar Inc. MetLife Inc. Microsoft Corp. Mitsubishi HC Capital Inc. Monday.com Ltd. Moog Components Group Inc. Newark Corp. Nonin Medical Inc. Northwell Health Alliance Inc. Northwell Health Inc. Northwell Health Regional Alliance Nypro Healthcare Baja Inc. NZ Techno Handels Gesellschaft mbh Opg-3 Inc. Orange Coast Pneumatics Inc. Owens & Minor Distribution Inc. Oxford Global Resources LLC Parker-Hannifin Corp. - Porter Division Partssource Inc. Perma Pure LLC Phillips Medical Systems North America Inc. - Andover, MA Phillips-Medisize Costa Mesa LLC Pinnacle Precision Sheet Metal Corp. Portescap India Pvt. Ltd. Premier Healthcare Alliance LP Presidio Holdings Inc. PRN Health Services LLC PRN Staffing Solutions Quality Medical Group Inc. Real Staffing Group Respiratory Care Africa Pty. Ltd. Restructuring Partners & Associates LLC Salesforce.com Inc. Servicemax Inc. Servicios de Ingenieria en Medicina SA de CV Siemens Industry Software Inc. Spark DSG LLC Spin Recruitment Inc. Standard Insurance Co., The Star Exhibits & Environments Inc. Stran & Co. Inc. SunMed Group Holdings LLC Syntel Inc. Teledyne Analytical Instruments Inc. Telsonic UK Ltd. Thomas Jefferson University Hospitals Totex Manufacturing Inc. TPI Custom Solutions Trillamed LLC Trudell Healthcare Solutions University Health Network US Med-Equip Inc. Venture Respiratory Inc. Veritiv Operating Co. Vertex Inc. Vincent Medical Holdings Ltd. Vision Service Plan (VSP) Vizient Inc. Vizient Supply LLC WageWorks Inc. Wavicle Data Solutions LLC West Group Ltd., The Wolseley Industrial Group Workday Inc. Xerox Financial Services LLC Yusen Logistics Americas Inc. Zensar Technologies Inc. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 28 of 43 SCHEDULE 1(l) Ordinary Course Professionals Baker & Mckenzie LLP Covington & Burling LLP Ernst & Young US LLP Fox Rothschild LLP Fragomen Del Rey Bernsen & Loewy LLP Gordon Rees Scully Mansukhani LLP Hogan Lovells US LLP Hyman Phelps & Mcnamara PC Irwin Fritchie Urquhart & Moore LLC Linklaters LLP Littler Mendelson PC Morgan Lewis & Bockius LLP Polsinelli PC Porzio Bromberg & Newman PC Winston & Strawn LLP Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 29 of 43 SCHEDULE 1(m) Potential M&A Counterparties [REDACTED] Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 30 of 43 SCHEDULE 1(n) Taxing Authorities Acadia, Parish of (LA) Alabama, State of, Department of Revenue Alabama, State of, Sales Tax Auditing & Collection Services Alabaster, City of (AL) Alaska, State of, Department of Revenue Arizona, State of, Department of Revenue Arkansas, State of Arkansas, State of, Department of Finance & Administration Arvada, City of (CO) Ascension, Parish of (LA), Sales & Use Tax Authority Aurora, City of (CO), Revenue Division Autauga, County of (AL) Avoyelles Parish School Board (LA) Baldwin, County of (AL) Baton Rouge, City of (LA) Birmingham, City of (AL) Boulder, City of (CO) Bremerton, City of (WA) Caddo-Shreveport, Parish of (LA), Sales & Use Tax Commission Calcasieu, Parish of (LA) California, State of, Department of Tax & Fee Administration Chilton, County of (AL) Clanton, City of (AL) Colbert, County of (AL) Colorado Springs, City of (CO) Colorado, State of, Department of Revenue Commerce, City of (CO), Tax Division Connecticut, State of, Department of Revenue Services Craig, City of (CO) Cullman, County of (AL) Dale, County of (AL) Daphne, City of (AL) DeKalb, County of (AL), Revenue Department Delaware, State of, Division of Revenue Denver, City of (CO), Department of Finance Dothan, City of (AL) Durango, City of (CO) East Baton Rouge, Parish of (LA) Englewood, City of (CO) Evangeline, Parish of (LA), Sales/Use Tax Commission Everett, City of (WA) Florence, City of (AL) Florida, State of, Department of Revenue Foley, City of (AL), Revenue Department Fort Collins, City of (CO) Franklin, County of (AL) Georgia, State of, Department of Revenue Golden, City of (CO) Grand Junction, City of (CO) Greeley, City of (CO) Greenwood Village, City of (CO) Gunnison, City of (CO) Hamilton, City of (AL) Hawaii, State of, Department of Taxation Henry, County of (AL) Huntsville, City of (AL) Iberia, Parish of (LA), School Board Sales & Use Tax Department Idaho, State of, Tax Commission Illinois, State of, Department of Revenue Indiana, State of, Department of Revenue Iowa, State of, Department of Revenue Jackson, City of (AL) Jefferson, County of (AL), Department of Revenue Kansas, State of, Department of Revenue Kentucky, Commonwealth of, Department of Revenue Kentucky, Commonwealth of, Revenue Cabinet Lafayette Parish School System (LA) Lafourche Parish School Board (LA) Lakewood, City of (CO) Lamar, City of (CO) Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 31 of 43 Lauderdale, County of (AL) Lincoln, Parish of (LA) Littleton, City of (CO) Lone Tree, City of (CO) Longmont, City of (CO) Longview, City of (WA) Louisiana, State of, Bureau of Revenue & Taxation Louisiana, State of, Department of Revenue Madison, County of (AL) Maine, State of, Department of Revenue Maine, State of, Revenue Services Maryland, State of, Comptroller Maryland, State of, Revenue Administration Massachusetts, Commonwealth of, Department of Revenue Michigan, State of, Department of Treasury Minnesota, State of, Department of Revenue Mississippi, State of, Department of Revenue Missouri, State of, Department of Revenue Mobile, City of (AL) Mobile, County of (AL) Monroe, City of (LA) Montana, State of, Department of Revenue Montgomery, City of (AL) Montgomery, County of (AL), Commission Tax & Audit Department Nebraska, State of, Department of Revenue Nevada, State of, Department of Taxation New Hampshire, State of, Department of Revenue Administration New Jersey, State of, Division of Taxation New Mexico, State of, Taxation & Revenue Department New Orleans, City of (LA) New York, State of, Department of Taxation & Finance North Carolina, State of, Department of Revenue North Carolina, State of, Eproc North Dakota, State of, Office of State Tax Commissioner Ohio, State of, Bureau of Workers’ Compensation Ohio, State of, Department of Taxation Oklahoma, State of, Tax Commission Oregon, State of, Department of Revenue Ouachita, Parish of (LA) Parker, City of (CO) Pennsylvania, Commonwealth of, Department of Revenue Pike, County of (AL) Plaquemines, Parish of (LA) Pueblo, City of (CO) Rapides, Parish of (LA) Rhode Island, State of, Division of Taxation Scottsboro, City of (AL) Seattle, City of (WA) Sheffield, City of (AL) Shelby, County of (AL), Business Revenue Office South Carolina, State of, Department of Revenue South Dakota, State of, Department of Revenue St. Charles, Parish of (LA) St. John the Baptist, Parish of (LA) St. Landry, Parish of (LA) St. Mary, Parish of (LA) St. Tammany, Parish of (LA) Steamboat Springs, City of (CO) Tennessee, State of, Department of Revenue Texas, State of, Comptroller of Public Accounts Thornton, City of (CO) United States, Government of the, Customs and Border Protection, FPF Office United States, Government of the, Department of the Treasury United States, Government of the, Department of the Treasury, Internal Revenue Service United States, Government of the, Food & Drug Administration Utah, State of, Tax Commission Vermont, State of, Department of Taxes Vernon, Parish of (LA) Virginia, Commonwealth of, Tax Office of Customer Services Washington, D.C. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 32 of 43 Washington, State of, Department of Revenue Washington, Village of (LA) Webster, Parish of (LA) West Virginia, State of, Tax Department West Virginia, State of, Tax Division Wisconsin, State of, Department of Revenue Wyoming, State of, Department of Revenue Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 33 of 43 SCHEDULE 1(o) Committee Professionals McDermott Will & Emery LLP Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 34 of 43 SCHEDULE 1(p) Committee Members Cognizant Worldwide Ltd. Data Modul, Inc. David M. Lewis Company Presidio Inc. SunMed Group Holdings LLC Vizient, Inc. Zensar Technologies, Inc. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 35 of 43 SCHEDULE 1(q) U.S. Trustee Personnel, Bankruptcy Judges, & Court Contacts for the United States Bankruptcy Court for the District of Delaware (and key staff members) Attix, Lauren Barksdale, Nickita Bates, Malcolm M. Batts, Cacia Bello, Rachel Brady, Claire Bu, Fang Capp, Laurie Casey, Linda Cavello, Robert Chan, Ashley M. Cudia, Joseph Dice, Holly Dorsey, John T. Dortch, Shakima L. Farrell, Catherine Fox, Timothy J., Jr. Gadson, Danielle Giodano, Diane Girello, Michael Goldblatt, Craig T. Green, Christine Hackman, Benjamin Haney, Laura Horan, Thomas M. Hrycak, Amanda Johnson, Lora Jones, Nyanquoi Leamy, Jane Lipshie, Jonathan Lopez, Marquietta Lugano, Al McCollum, Hannah M. McMahon, Joseph Nyaku, Jonathan O’Malley, James R. Owens, Karen B. Richenderfer, Linda Schepacarter, Richard Serrano, Edith A. Shannon, Brendan L. Sierra-Fox, Rosa Silverstein, Lauire Selber Stickles, J. Kate Subda, Paula Vara, Andrew Walker, Jill Walrath, Mary F. Wynn, Dion Yeager, Demitra Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 36 of 43 SCHEDULE 1(r) Utility Providers AT&T Corp. AT&T Global Network Services AT&T Illinois AT&T Mobility II LLC Chemtrec Clean Harbors Inc. Commonwealth Edison Co. Culligan Water Desert Water Agency Flexim US Corp. Frontier Communications Corp. Granite Telecommunications LLC Louisville Gas & Electric Co. Nalco Company LLC d/b/a Nalco Water Pretreatment Palm Desert Disposal Service, Inc. Palm Springs Disposal Service Inc. ProMach Inc. RingCentral Inc. Safety-Kleen Inc. Southern California Edison Co. Southern California Gas Co. State Water Resources Control Board – Water Boards T-Mobile USA Inc. Zayo Group LLC Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 37 of 43 Schedule 2 Disclosures to Cole Schotz Retention Application Parties who are current or former clients of Cole Schotz in matters unrelated to these Chapter 11 Cases include the following: Name of Interested Party Searched Relationship to Debtors Name of Entity that is a Cole Schotz Client Relationship to Cole Schotz [REDACTED] [REDACTED] [REDACTED] [REDACTED] Benefit Street Partners LLC Lenders and Agents Benefit Street Partners LLC Current Client [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] [REDACTED] Wilmington Trust Bank Wilmington Trust Former Client As part of its diverse practice, Cole Schotz appears in numerous cases, proceedings and transactions involving many different professionals, including other attorneys, accountants, financial consultants and investment bankers, some of whom are or represent Potential Parties in Interest in these Chapter 11 Cases. Cole Schotz does not, and will not, represent any such professional in these Chapter 11 Cases. Furthermore, United States Bankruptcy Judge for the District of Delaware J. Kate Stickles was a former member at Cole Schotz. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 38 of 43 Exhibit C Bibb Declaration Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 39 of 43 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 JOHN BIBB IN SUPPORT OF DEBTORS’ APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE RETENTION AND EMPLOYMENT OF COLE SCHOTZ P.C. AS DELAWARE CO-COUNSEL FOR THE DEBTORS EFFECTIVE AS OF THE PETITION DATE I, John Bibb, hereby declare under penalty of perjury, as follows: 1. I am the Group Chief Executive Officer of Vyaire Medical, Inc. and certain of its affiliates, the debtors and debtors in possession (collectively, the “Debtors”) in the above- captioned chapter 11 cases (the “Chapter 11 Cases”). Accordingly, I am in all respects competent to make this declaration in support of the application (the “Application”)2 of the Debtors to retain Cole Schotz P.C. (“Cole Schotz” or the “Firm”) as their counsel pursuant to sections 327(a), 329 and 1107 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 (as amended, the “Bankruptcy Code”), Rules 2014 and 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and Rules 2014-1 and 2016-1 of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware (the “Local Rules”). Except as otherwise noted, I have personal knowledge of the information set forth herein. 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’ 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 Capitalized terms used and not otherwise defined herein have the meanings ascribed to such terms in the Application. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 40 of 43 2 2. This declaration (the “Declaration”) is provided pursuant to Paragraph D.2 of the Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases Effective as of November 1, 2013 (the “Revised UST Guidelines”). I am informed by counsel that the Revised UST Guidelines suggest that any application for employment of an attorney under sections 327 or 1103(a) of the Bankruptcy Code be accompanied by a verified statement from the client that addresses the following: (a) The identity and position of the person making the verification. The person ordinarily should be the general counsel of the debtor or another officer responsible for supervising outside counsel and monitoring and controlling legal costs. (b) The steps taken by the client to ensure that the applicant’s billing rates and material terms for the engagement are comparable to the applicant’s billing rates and terms for other non-bankruptcy engagements and to the billing rates and terms of other comparably skilled professionals. (c) The number of firms the client interviewed. (d) If the billing rates are not comparable to the applicant’s billing rates for other non-bankruptcy engagements and to the billing rates of other comparably skilled professionals, the circumstances warranting the retention of that firm. (e) The procedures the client has established to supervise the applicant’s fees and expenses and to manage costs. If the procedure for the budgeting, review and approval of fees and expenses differ from those the client regularly employs in non-bankruptcy cases to supervise outside general counsel, explain how and why. In addition, describe any efforts to negotiate rates including rates for routine matters, or in the alternative to delegate such matters to less expensive counsel. 3. On the Petition Date, the Debtors commenced these Chapter 11 Cases by filing voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Court”). These Chapter 11 Cases are being jointly administered for administrative purposes only. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 41 of 43 3 4. The Debtors continue to operate their business and manage their properties as debtors and debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. 5. The Debtors selected Cole Schotz because of the Firm’s extensive knowledge, expertise and experience in the field of debtors’ and creditors’ rights and business reorganizations under chapter 11 of the Bankruptcy Code. Additionally, Cole Schotz’s knowledge, expertise and experience practicing before the Court will enable the Firm to work in an efficient and cost- effective manner on behalf of the Debtors’ estates. In preparing for and filing these Chapter 11 Cases, Cole Schotz has become familiar with the Debtors’ business and affairs and many of the potential legal issues that may arise in the context of these cases and since its engagement has advised the Debtors on local rules, practices and procedures with respect to various restructuring issues. Therefore, the Debtors believe that Cole Schotz is uniquely qualified to represent them in these Chapter 11 Cases. 6. The Debtors have reviewed Cole Schotz’s rates for the services to be rendered consistent with the Application. I understand that those rates are consistent with (i) Cole Schotz’s comparable engagements and the billing rates and terms of other comparably skilled firms for providing similar services and (ii) Cole Schotz’s billing rates for other non-bankruptcy engagements. The Debtors believe that these rates are reasonable. 7. I understand that Cole Schotz is preparing a budget and staffing plan and will be presenting it to the Debtors for approval. The Debtors will regularly monitor and review Cole Schotz’s fees and expenses throughout this engagement. 8. By virtue of the foregoing, and for the reasons set forth in the Application and the Reilley Declaration, the Debtors believe that Cole Schotz is well-qualified to represent the Debtors in these Chapter 11 Cases as their Delaware co-counsel and seek entry of the Proposed Order, Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 42 of 43 4 substantially in the form attached to the Application, authorizing the Debtors to retain Cole Schotz as Delaware co-counsel effective as of the Petition Date in accordance with the terms set forth in the Application. Pursuant to 28 U.S.C. § 1746, I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief. Dated: July 9, 2024 Respectfully Submitted, /s/ John Bibb John Bibb Group Chief Executive Officer Vyaire Medical, Inc., et al. Case 24-11217-BLS Doc 239-2 Filed 07/09/24 Page 43 of 43
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