ExtractPage3

What This Document Is

The nine-page exhibit package to the entered Zoll Sale Order (496.0): Exhibit 1 (Zoll APA, incorporated by reference to Docket 388, not reproduced), Exhibit 2 (Assumed Contracts Exhibit, "To Be Filed Separately"), Exhibit 3 (Transaction Steps Memorandum), and Exhibit 4 (the entered Holdback Schedule with itemized dollar detail).

Factual Summary

Exhibit 3's Transaction Steps Memorandum pages (4-7) suffer a font-encoding extraction defect — the extracted text renders a consistent character-substitution garble (e.g., "Vyaire" renders as "3L4<E8") rather than legible text, consistent with an embedded custom/subset font whose character map the extracted text cannot correctly resolve; the visible structure (numbered "Step 1(A)" boxes referencing intercompany currency conversion, "IC Obligation," and non-Debtor subsidiary transfers) corroborates but does not add to 470.0's already-captured description of the multi-jurisdictional Transaction Steps Memorandum. Exhibit 4, the Holdback Schedule, is fully legible and discloses itemized entered figures never before seen at this granularity: Total $25.1 million, split $13.0 million (US) / $12.1 million (International), broken into Estimated Employee Related Costs ($8.7M: $4.5M US / $4.2M International), Estimated Post-Petition AP & 503(b)(9) Claims ($1.3M, US only), Estimated Tax ($6.0M: $0.8M US / $5.2M International), and Estimated Wind Down and Other Expenses ($9.1M: $6.4M US / $2.7M International).

Key Facts

Entered Holdback Schedule itemized for the first time: $25.1M total ($13.0M US / $12.1M International), across Employee Costs ($8.7M), Post-Petition AP/503(b)(9) ($1.3M), Tax ($6.0M), and Wind Down/Other ($9.1M) — matches 470.0's $25.1M aggregate wind-down figure and 484.0's $25M Holdback Amount reference.
International Tax line ($5.2M) is nearly the entire Tax category — corroborates the international tax-restructuring thread (Turkey DASTM, GILTI, §965(b)) seen in 479.2/489.0's K&E tax-matter billing.
Exhibit 3 (Transaction Steps Memorandum) suffers a font-encoding extraction defect; its content is not independently re-verified here beyond what 470.0 already described.
Exhibit 2 (Assumed Contracts) was not filed with this exhibit package ("To Be Filed Separately") — a data gap for anyone tracking specific assumed contracts.

Source Caveats

Exhibit 3's text is extraction-degraded (font-encoding defect); its content is corroborated only structurally, not verified word-for-word.
Exhibit 2 (Assumed Contracts) is not included in this filing.

Date: 2024-09-04

Full text

Exhibit 1
Zoll Asset Purchase Agreement
[Filed at Docket No. 388]
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 1 of 9

Exhibit 2
Assumed Contracts Exhibit
[To Be Filed Separately]
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 2 of 9

Exhibit 3
Transaction Steps Memorandum
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 3 of 9

1
Step 1 (A) – Currency Conversion for Certain IC Obligations
$$$ X ,A@-2Q0Q $HEE8@6L
Step 1 (A)
%46; <@G8E6A?C4@L A5><:4G<A@ TRIC ObligationSU 9AE
4 CE8-C8G<G<A@ C8E<A7 58GJ88@ 4 3L4<E8 U.S.
FH5F<7<4EL 4@7 4 3L4<E8 @A@-2Q0Q 0H5F<7<4EL <F
6A@I8EG87 <@GA G;8 >A64> 6HEE8@6L A9 G;8 @A@-U.S.
FH5F<7<4EL 54F87 A@ G;8 FCAG CE<68 A@ G;8 74G8 A9
G;8 6A@I8EF<A@ TGA G;8 8KG8@G FH6; 4?AH@G <F @AG
4>E847L FA 78@A?<@4G87UQ
Notes:
•
1;8 6A@I8EF<A@ <@GA >A64> 6HEE8@6L ?4L
4>G8E@4G<I8>L A66HE 49G8E G;8 GE4@F98E A9 )$
-5><:4G<A@F <@ 0G8C V T#UQ
•
.AFG-C8G<G<A@ )$ -5><:4G<A@F J<>> 58 F8C4E4G8>L
477E8FF87N 5HG 4E8 8KC86G87 GA 58 F?4>>
6A?C4E87 GA CE8-C8G<G<A@ )$ -5><:4G<A@FQ
$$$ X ,A@-2Q0Q $HEE8@6L
20 0H5 V
20 0H5 W
3L4<E8 +87<64>N )@6Q
TR3+)SU
)$ -5><:4G<A@
)$ -5><:4G<A@
,A@-20 0H5
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 4 of 9

Step 1 (B) – Transfers of IC Obligations to VMI
Step 1 (B)
(i) &AE 4>> CE8-C8G<G<A@ )$ -5><:4G<A@F <@IA>I<@: 4G
>84FG A@8 @A@-U.S. 3L4<E8 FH5F<7<4EL:
•
(a) A@8 C4EGL J<>> GE4@F98E G;8 E868<I45>8 TAE
C4L45>8U GA 3L4<E8 +87<64>N )@6Q TRVMISU <@
8K6;4@:8 9AE 4 6AEE8FCA@7<@: E868<I45>8 9EA?
TAE C4L45>8 GAU 3+)O 4@7
•
(b) J<G; E8FC86G GA 4@L FH6; C4L45>8
GE4@F98EE87 GA 3+)N G;8 A5><:88 A@ FH6;
GE4@F98EE87 )$ -5><:4G<A@ J<>> 8@G8E <@GA 4
@AI4G<A@ GA E8>84F8 G;8 AE<:<@4> A5><:AE 4@7
?4=8 3+) G;8 @8J A5><:AEQ
&A>>AJ<@: G;8 GE4@F98EF <@ G;<F 0G8C VT#UN 4>> )$
-5><:4G<A@F A9 @A@-U.S. 3L4<E8 FH5F<7<4E<8F J<>>
8<G;8E 58 AJ87 GAN AE AJ87 9EA?N 3+)Q
0H5 "
0H5 #
3L4<E8 +87<64>N )@6Q
TR3+)SU
)$ -5><:4G<A@
)$ -5><:4G<A@
0H5 $
/868<I45>8
9EA? 0H5 $
.4L45>8 GA
0H5 $
.4L45>8 GA
3+)
/868<I45>8
9EA? 3+)
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 5 of 9

3
Step 1 (C) – Setoff of IC Obligations
Step 1 (C)
3+) J<>> 8K8E6<F8 F8GA99 E<:;GF 9AE 4>> )$ -5><:4G<A@F
58GJ88@ <GF8>9 4@7 846; 3L4<E8 FH5F<7<4ELN FH6;
G;4GN 4F 4 E8FH>GN A@>L 4 F<@:>8 C4L45>8 AE E868<I45>8
<@ G;8 4?AH@G A9 G;8 @8G A5><:4G<A@ J<>> E8?4<@
AHGFG4@7<@: 58GJ88@ 3+) 4@7 846; FH5F<7<4ELQ
0H5 "
0H5 #
3L4<E8 +87<64>N )@6Q
TR3+)SU
)$ -5><:4G<A@
)$ -5><:4G<A@
0H5 $
)$ -5><:4G<A@
)$ -5><:4G<A@
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 6 of 9

Step 2
%46; 3L4<E8 FH5F<7<4EL G;4G J<>> 58 46DH<E87 <@ G;8
38@GF F4>8 C4LF 8K68FF 64F; GA 3+) <@ F4G<F946G<A@
A9 4@L )$ -5><:4G<A@F AJ87 GA 3+)N E87H6<@: G;8
4::E8:4G8 4?AH@G A9 C4L45>8F 9EA? @A@-US
FH5F<7<4E<8F GA 3+)Q
"77<G<A@4>>LN <9 C8E?<GG87 H@78E >A64> >4JN 68EG4<@
A9 FH6; FH5F<7<4E<8F ?4L 58 45>8 GA C4L 7<I<78@7FN
J;<6; 6AH>7 58 9HEG;8E 7<FGE<5HG87 HC G;8 6;4<@ AE
HF87 5L 4 C4E8@G GA F4G<F9L )$ -5><:4G<A@F GA 3+)Q
4
Step 2 – Excess Cash Distributions
NTDP &AE F<?C><6<GLN 68EG4<@ 3L4<E8 FH5F<7<4E<8F 4E8 @AG 78C<6G87 A@ G;<F F><78Q
3L4<E8 (A>7<@:
$A?C4@L T2Q0QU
3L4<E8 $A?C4@L
T2Q0QU
3L4<E8 +87<64>N
)@6Q T2Q0QU
3L4<E8 +87<64>
**$ T2Q0QU
3L4<E8 &<@4@68
#Q3Q T,*U
3L4<E8 +87<64>
$ABC8E4G<89 2Q"Q
T,*U
3L4<E8 +87<64>
)@G8E@4G<A@4> #Q3Q
T,*U
3L4<E8 +87<64>
(A>7<@:F #Q3Q
T,*U
3L4<E8 +87<64>
)@G8E@4G<A@4> **$
T2Q0QU
<?G?87<64> 4:
T$(U
"6HGEA@<6 +87<64>
0LFG8?F "' T$(U
<?G?87<64> .G8Q
*G7Q T0'U
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 7 of 9

Exhibit 4
Holdback Schedule
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 8 of 9

Estimated Holdback Schedule
($ millions)
Est. Amts. -
US
Est. Amts. -
International
Est. Amts. -
Total
Estimated Employee Related Costs
$
(4.2)
(4.5) $
$
(8.7)
Estimated Post-Petition AP & 503(b)(9) Claims
(1.3)
-
(1.3)
Estimated Tax
(0.8)
(5.2)
(6.0)
Estimated Wind Down and Other Expenses
(6.4)
(2.7)
(9.1)
Total
(13.0)
$

(12.1)
$

(25.1)
$

Holback Details
Case 24-11217-BLS    Doc 496-1    Filed 09/04/24    Page 9 of 9

File and source

File: gov.uscourts.deb.193283.496.1.pdf
Size: 195,167 bytes
SHA-256: eb481dd71103c63bcc1760f3300db0fb087ae794fed7705d8bf66fe406b037fb
Our copy: gov.uscourts.deb.193283.496.1.pdf
Original: No public link identified.