HomeMy WebLinkAboutNC0004944_Owner Name Change_20180615 ROY COOPER
(i1)1't'IINU
3yiM1
MICHAEL S. REGAN
Sieeran
LINDA CULPEPPER
Water Resources ba,rrm,Director
ENVIRONMENTAL QUALITY
PERMIT NAME/OWNERSHIP CHANGE FORM
CURRENT PERMIT INFORMATION:
Permit Number: NCO() 0 / y / 9 /I / y or NCG5 / / / /
1. Facility Name: bLr& i te.rs 1 ec Lr.o 103
1 CS /rm. .
II. NEW OWNER/NAME INFORMATION: RECEIVED/DENR/DWR
1. This request for a name change is a result of: JUN 15 2018
a. Change in ownership of property/company Water Resources
Permitting Section
b. Name change only
c. Other(please explain):
2. New owner's name(name to be put on permit):
SA)isi3t / Tnve5'f►hen-E5 . .r LL C-
3. New owner's or signing official's name and title: G-Pe.°‘ Co leo-4 Y..
(Persdrf legally responsible for permit)
Genera I Manager
pp (Title)
4. Mailing address: 53a0 014 er`ev►Ile- hRck City: _ Ckarlv'��e.
State. NC-- Zip Code: gl oZ 17? L Phone: ( 1-Oq ) 0 - 17
E-mail address: Teel
GOYS
THIS APPLICATION PACKAGE WILL NOT BE ACCEPTED BY THE DIVISION UNLESS ALL OF THE
APPLICABLE ITEMS LISTED BELOW ARE INCLUDED WITH THE SUBMITTAL.
REQUIRED ITEMS:
1. This completed application form
2. Legal documentation of the transfer of ownership (such as a property deed, articles of
incorporation, or sales agreement)
[see reverse side of this page for signature requirements]
State of North Carolina I Environmental Quality I Water Resources
1617 Mail Service Center I Raleigh,NC 27699-1617
919 807 6300 919-807-6389 FAX
https://deq.nc.gov/about/divisions/water-resources/water-resources-permits/wastewater-branch/npdes-wastewater-permits
NPDES Name&Ownership Change
Page 2 of 2
Applicant's Certification:
I, G-re9 Co Iew�r` , attest that this application for a
name/ownership change has been reviewed and is accurate and complete to the best of my
knowledge. I understand that if all required parts of this application are not completed and that
if all required supporting information and attachments are not included, this application
package will be returned as incomplete.
Signature: 41, Date: /- /
THE COMPL ED PLICATION PACKAGE, INCLUDING ALL SUPPORTING
INFORMATION & MATERIALS, SHOULD BE SENT TO THE FOLLOWING ADDDRESS:
NC DEQ/ DWR/ NPDES
1617 Mail Service Center
Raleigh, North Carolina 27699-1617
Version 11/2017
Type:-CONSOLIDATED REAL PROPERTY
See Addendum Recorded:4/6/2018 12:28:28 PM
Fee Mit: $5,662.00, Page'1 of 24'.
Revenue Tax: $5,600.00, •
Rnwan;NO
J.E.brindle.Register of Oeetis
BK 1307' PG 44
This,inStrumeM*gas prepared by:
_Henry 0.Boenning,F3squire
Archer,&Greiner
Professional tarporation •
:One Centennial Square
Haddonfield,.NJ,,108033
Mier recording return lo:
1['rrk.Pat Int,Thr5tlsr,=eA_(DrL).
13 ao _. - -
ittisic„as 0a'1
Q4rte1 nwrp+br4.s..3:3T 068, Sd 8:4.
$e2�;014) aro 00a-4s0 Qat;atria 0,30 Tbepb)ve space ror Rcce:a:r•i uac cab.,
D'OX. tkerA-FfJ,xcs,l,f¢t 4,,4 Facd bl,-Vac
Excise Tax: S'_ ta4Q off'
CSI[Get) -1h aAti,+ax colk vt u�oet,
ct biN S6n en+ 04° GloMv -pftteGc s
SPECIAL-WARRANTY DEED
TI"l1S;SPECIAL WARRANTY'OEi�D'is made.ati;of the 6th day,of April ,2018,
'by and bet vicen David W,Cariekhoer,36icly as.chapter 7 trustee orthe'BANKRUPTCY
'E,STATCS-Or DURArIBEI('TCCHNOLOC11US(Dl f) INC.,bf A.L(ineludutg but not limited
to DuriFiherTechnologies(DPi')Operations; LLC;'a Delaware limited Iiability'company(Vida
I'erforrriaricc Fibers Operations,'LLC)'("Grantor-'),and SALISBURY INVESTMENTS I, LLC,a
Niirth'Caroli_na limited liability compar y(,°;Grantee"),Whose mailing address is'5320 Old
'Rinev,ille Road,Charlotte, North Carolina4S217.
WITNESS-ETU,that Grantor, for and'.in.consideration of'the sura ofTen and No/100
Dollars in'hand paid-by Grantee,thexeceipl whereof is hereby acknowledged,by these presents.
does GRANT, BARGAIN,SELL, REMISE,RELEASE AND CONVEY unto Grantee,and to its
succesSors and assigns,FOREVER,the rollowing iiescribed'real estare,situated•in'the County of
Rowan'.and'Statc ofNorth Carolina kitoWi'vand described as follows,to wit: •
See Exhibit "A"attached',hereto•and tirade a ONE hereoF:
This conveyance is nude,,pursuant to that certain,Sale Order,attached hereto•as
;_Exhibit."B",,dated,Mai eh 5,2018,by the Hanorable Christopher S. Sontchi, in,connect ion with'
CaSe,No. I7 12143,unifier chapter 7 of,the United States BankrtiPtey,'Cecie, I I -U.S.C:§§ 101,et,
eq!, in:the United States,13rt truptcy Court--Tor the Distriet of Delaware,with respect to'whicl;
'east the Trustee was'appointed as chapter 7,truytee.on October.I`I,,'2017,,pursuant to,section
701(a).of the Bankruptcy Code.
,strbmi tted electronically by "SYS Lt; tarty,Harris t\heeler LLP"
in ,compliance, *fit'', Nor•th 'Carol ina statutes governing recor:dab"le documents,
and:the terms,o1 the submi tter agreement ivith the• Rowan` county awl s te‘r,o,r,,oeeds.
.94,4;1297 riigo: Po je't of 24,
•
Together with till,of Crania:Slight,title and interest_in tile irnproveinents,,tereditainentS;
easements 4nd appurtenances thereunto,belonging,or in artyWay,appertaining;and the reversion
anctreyersions,remainder and remainders;reins issues and'prorns,thercof,and all the estate,
riglitylitle,Interest;claim or deinandrwhatgoeVer;either in law or equity'okinLind to the above
described preinises,with,the improvement s,, hereditaments,easements,and appurtenances.
,"(colleetively, the llogitly):' TO IJAVE:ANaTo HOLD the Prop-cit.'',unto Grantee its
successors and:assigns forever:.
And'Gran,tor,,,foritselOpd-its successors;:doccovenaitt,proinitc and,ageee,10:4tid hh
Grantee, its successors andstissigns,that'it has not done orsulTercd to be dondj'anthing whereby
the said premises"'hereby granted are,or m > be,in any manner encumbered,ot eharged,,and,
WILLWAlliANT AND DEFtN,D sOlCiyagaink all persons laWkly,clairaingoirib Jami the
-same,,byAhrough or und0 t,and,not,otherv,Ose.:
[THE REOlArNDEROF PAOE,f5 INTENTIONALLY'LEFT 131:0K]
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it307.par: T:01,24
IN WITNESS N'?',I-IEOGF,Grantor has causedrrthis instrunient tObe signed as afthe day
,and year'fli.st.abOe Wiitterr.
BANKRUPTCY EST.ATESDF
bURAFiBBR TECHNOLOGIES META
' INC:,ET AL(including but not limited
.0tiraFiber Ttichnologries(DOT)Operations.
'LLC,a Delaware limited lidbility'company
(kida.Performance Fibers Operations;
'0, 1 • ,
J./ 11140A
David W.Can silo ryas
_ chapter 7 trust c
Send subsequent Itax--bills to
Attention: Houston Roberts
Salisbury Investmentil,'LLC
5320 Old Pideville Road
-,Charlb Ile,N0-2r8211.
,•
'STATE OF
COUNTY'65 itt) ,
BE IT RtI4ElyIBEREIJ that on:this 1:444Naay ,201 8,be Ibre me, the
lie Undersigned authority,',personalliappeared, Jtd W CarickhOff,-Solely as.
f-chdpIr 7.trustee BANKRUPTCY ESTATES OF DURA:FIBER-TECHNOLOGIES,(DFT)
;INC,;ET AL(The hiding but notIimitd to DtraFibtir Technologies(DPI)Operations, LLC,a •
,Delaware liniited liability company(ukia,Perforniancerfibers Qperitions, LLC),and t am
h6fisfied that he is he person who signed the within instillment,as chapter 7 trustee,and he
:acknoWledged that'ho signed and deliwired the same as aforesaid,and thalhe within instrument
is the,voluntary-act and,deed of David W.CariekhOff,,so lely as chapter 7 trustee ofthe
BANKRUPTCY ESTATES.OFDURAFIBER TECHNOLOGIES(DFT) INC.,ETA[..
1(inauding Vut:not limited to-DuraFiber Technologies(DFT)Operations,1,103abelaware
Rinke&liabilitrcompany(Rio'Performance Fibers Operations. LLO.
Witness:my bandana seal.
6,,ALEXANOEll FARIS.ESQ.
,A7ORNE)4.1T-LAW14(:)t
ublic.
,Notar9 public SOte tit obiawara Printed Natne: -5; V:74--;s
Puistiant 0-20 Del,C44323(a)(3) , _
Commisslcm Has No Eatiratiotip*e My Commission Expires J/4
214205062v I
ook:126. rilgu:4:1 it'ago_3 uf
Exhibit"A"
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Lying and being situate in Rowan County,North Carolina,and being mora particularly described as
follows:
PARCEL 1,i
OlA1NNIN0 ata point in the.ceuterline of the When;Carolina Railroad end the
t erthcm,edge$f the pavement of US 1lighwoy.70(raid point bning,S 76.45 W 1,259.4
fact!tont a paint at tiia intzraa lien or the centarl(ne or ltighwsy an.and the Northern
edge of the pavortiant of US'Mg/tiny-10);thence with.ate centerline ur,0rn•Western
North Cartllna•I(ailread„N 1847 W1176,3 fest to a p9ini In'the eertieriine.of'sad
railroad;thence S 5.53 Witco ting new US:Hig hvay 70 and partially with At;Ilan of
LA.Hilderbrnrtd(now or formerly)tout peniafy with the Weslert,tlda;of Hildabrntd
Rand 1,099 fon tb an iron pipe In lfltdealnan3 Read,LA.Ilildcrbmnd's comae(now or
fomler1y); thenen whit the line of LA. Ittlderbrand,.(now or (neoteny) end 1.11.
Whide brand(now ar.formerly), S 87.17 L 912.2 fat to o comate tnonttamni,1.11.
filtdabratui't-comer(now o:fonnerly)on the South title of in fem toad;thenar thtec
Ilnaa w1U1'P.FI,illldecluand(now or tontterly)at denote:(I)S 214(1 3,303 feat to e
conaet4 monument„(2)S 64-41 E 367•feel to n mrterete monurnant,and(3)S•Eti.33(;
posing over a ecocide immanent at 3,090 feet,a total dittantc of 3.1311 fort,main or
less,Co a point b1 0io dven:lift of Second Creek;thanto With the comedian of Secead
Creok•In n Nentinatesly,direetian,l,7®3'fcct,at'eta a:lws;t4 s poluftti the ciatcrot
Second Cccnk;1?eWhis'center(ti w ar fa'maly);ibence two((ties with Pow •(now or
formerly)ne foilows:(1)4N 31.54•W.patting ever a=crew monument in a tlhtance of
40 fent;■total disunion of 2,173.0 fret.orate or iest,,td a'cattcreta'i)i nurnant,end(2)Nt
35.54 a-399,61e=e to a point In the centerline of the'Westara Notth'Core los
diction with with the centerline of die Wcntcent NettoCz,ollaa Ralirowl;-Fl E2-24 W 160,6 fccc”
to n•Penna In the center of inti Ratltoad;,rheum N 1346 W 345.11cct to n wnactr
rtunwrnmed;thco a three lieu with WUlfaru 0.Catmint(now o:fornlerly)•es follows:(i)
N 30-03 W 900 fat to ao eight inch walnut tree a:i the Gannett bank of btnnelt,(2)N 113-
30 W 163.8 fee(to:n ten inch ceder tree,nod (3).N 90 13 351 feet to a=minus,
monument in the tight of way of Nein US Hishway-70,WIIILun O,Grahnm's'etxner
(now or forcnafy);thaw mooing ratty US Nightly 70 N 51.43 L' 193.8 Eli to e
'concrete mdntin{et(t in RM.Wrights tine(now or Comedy):theaeec with the lithe of R.M.
Wrights mt
(now at faerty)and M.D,Wrists(now or rotund y),N 53-47.W321.5 feet to
-a reunion nontintent. hf.U- Wri,htc-(now ar tornurty) and 0,A..Wrighta,(noW or
(Orderly)coater;the tico with 0.A.Wriglus lint(nuw er.fmruarly),N'E9.29 W210.5 fact
to n ooiyxete rnantiment,O.A.,Wnighu coiner,(now or forntedy)In 1'.tl.•Sattccwitlle's
,!'trio(now or font erIy);thence with P.N.Satterwhite r tine(nifty or,rontrrly),5 2-13 W
74.3 fal to an ltcn•plpn L1 the Atotlhecn mucin of thrisi t of.way or-US Highway 10:
thence two.Lines With the Northern maigio•of the tight'of winy of US highway 70 air
fnllotri: (1);5 79.3x,W 207,5 feet, niw,(2):S.76.49.W 638 fret to o ttrko,'p,M,
Suttattiihtta's�vraer(noir or Edon rtY):tbenae with Suttewltita'a lino(now Cr fornterla.
S 5.53 W crossing newiUS IIlghw:y.70,1,193.4 fat to"n polin in tbz ceas4tllne of the
Western.North Ceentlne Railroad: thence with the at-Mu-lino of the Wcdeemn heat;
Carolina Railsoed end Sattent+hite's One(naty or fonndy),N 70.27.W 2,015.5 fiat to
the Oli001NN1N4.containing 339,79,n:ens ss thawn,on plata(sun-ay by Hudson and
Alatimd dated)anuary,,1964.
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ot,; 1207 Thig4:$4 rale;;of 2.1
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Chicago Title Insuratite Company ALTA Commitment(or Title!mutant-6,
"Cornmitnien,t Number:111-0427SCI1 -
laF39.4.1
liEGINNJ,N041(a point'In LIWostitailino of di*Viettori.N,orth,CueUna-Italie:A said,
poird'liaIng-On tho Railima eddio and`over dietcnierO(Secoridtiaalc,and unn thence
Invm Mips viith`this ocalqiino'of Scala Cc as falter&(I)S 23-19..W:3394foct,(2)
IS 47.:361W..302.4(tat;(3)S:544411 3,75:fccli:(4)$65-14 W766 Cesl:(5)S 51;0 W'
104Alept,(6)S it 3,113.7 faai,and(7)S W.296.3 fce,I lo 'PO*
line Of Smnd CfJe,eerier j•nop!ny of Illmc linftutries;14:(oinvir(onne0y)
lIttnaciwa Haas vIt 1I,er inqiutrle4;•Ine.,inowor:(orniirty).in )14.31.34,
paislimiliVer a conciatainointinclit'aI4(kfoti.,a Witt diiiance o12,t76 fat to a
Inpp41,pini.a*(2)N 3104 E 399.4 fill ia•p'siilcii lc centaalloo of Mt WentsiNailik
ptin4 with tlia•ectitacka of tlin Wati#ttanh.cacoltna'Reillioad,S
0411311,46i fp0 to mill-dad apike, paintatCurvatut
!Fagan bioAlitsrollas ft.ollrosityeith a•conn tiffie Hen
(1)S,80.56 S 74:E-2150"fret/intil(3)•4464-20E 389.2 fcci to
tangency In ilia a thcillno(dtaYptcsn 141vrat,CccOligia ito.115äd;th,cavoiiiij
with Utn cr./W:411i, Saitcoad, S 374'e...402.6.-41-10 the nECHNNINc;
'PantatO470.04 he*
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Spolc•3247,Polo:44 Pago'5-ill 21,
Chicago Titiolinshraiice Company ALTA,CotninItivient for Title Insurance
'Commitment Number:-107.1342T541.
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PARCEL 3:
- - - -
BEGLNI*1 at awe/tilling iron'1kipe in tha:NV,astecit ntarglnOf the,60.1bot tight orsvk
of the Lyiktf Rood cut dc.see onnunen froidcoirw:of Let20'nnd 2! and sunning thence •
with the cvkinuen iito•irlets'211 ind 21'two)hiei (1)S 63.53.07 W 3.02,116,
fc'eSso on-existinz•fom•plike,and(2)N 72.12.33•W 66.34 lariat)nevi hen pipe In tha•
Sentheastern inargln"Of the kony ithithi lint,ementeat teeonleit In
i:i.eCd Pip,S106 in the ROW=teurnylteiti Ley;thence it tit?,line with said,
nu/01h f the ettoctiketu,:5 12.5643 W 246,22 fen toe new Iron pipe,eenfeson corner of
L Brit dlo(newsrforrairlyi and IstatIptmt LiPtogeis(noiv eiStirinetly);"thenee-
w,Ith ;Ind'of,lidlingftret L. Rogen (iiow,,or formerly), N,09:267,5d.,NY',(psitting",o
vein-tom 20 iirdimin.,dituneterat 42744 feet)St Kiiol,disuetiit 456:52 feet in t Point
tho Contaline ol Seeetull,Cieoli;diOnee sitelltint AO the Os' terl1n6of SeenrurCiaek
folloWs:.(1)N 10-4 8•14,132 i 4.04 ftt4 t pole.(2).14 fe.:29=4:5 U 114;60 feet
(3)14 2040.20 13 310:37.feet to i'petnt,(4)N 11.504*It 05,62 fiat(bit point 0714
10.28.45 E;(paisIng it,'politt-as 7530(eil)`n tend 1110.09 fi to dpelgt:lind
(6)M24-55-13,',E 510,46 feet to e point,coiner of Ire 1..LT)obblnk(now or(oinsetly);,
"tItottee,ickerri i net with.tho or!.ceiiiItt or foltOws;t(1),S,73.2„aa
Wish% it 3U feic.4 totil-diittoto 0,89'fat to in ittulng iron-pipe.A 3,111-
45.30 E 10045 feertd•on:eilitirtiirnri S)30.17709,i3`121.09 fog to an-e.sittles
non p10,",(4).N 4!)t 41174%,14-7094 rec(CoenolIetIA5 Iron pin;(5)til41::3"4:00 246.119
-Ref tatn:axlitIng Icon pipe,(§)'N 0-42.44 B-159.64 tea to on exhileg Icon pipe;end(7)
t•I'434541 g 14T;115 feet to on ctistilti nun jnpo.a Ceinee of ISitblidraad the common
..(mr.conier tif LOU 34'and 3$1 thence witlfthe Itael'o(Lets 34 end 35 83420.
,24,:12 225,05 fcc to-e4ievi..jrciri'Plpe' theSpuliv=t0i item tf.ef
cisettnatt=Wed In need flock 345,Na,104 in din Rowan
toinkty ftellit 'theitee'a OW Ilan With mid Dung*ofItho easonnon 32.503-03 NY'
-1,3a8.15"fect toe noW Iron pipe in,d ennunen-linc of'tetsItend 22;thence with the
Lots•21•Ond 22,$ t7.29.22 12 19R.15 feet loan r.idstlitg lyntkplito Witte.
Wit terit pwlJn S itg right of wilyof LNin--itoost lout,steltg.and theism withiald
;tilde('way.rnatiin eldp$11CiINC In!hi left,rho hoiWiâa OfAittlelt 11 30 Ices(cid but elmid
of which WS 07,721.41'CY:55;36 feel);'tifrue&thud of 59.22•feet to01i13EastagnktO,
,septelithig,20,258 tore_4IiistrbeIri`ell of Lds2lantkposii Of Leto 20;-27.-23,32,13•and
34 of Swink'-Hills StibdiViefort as shenVis thelitio of,/;*el Agra 1663 aed'166.514'
nit Rowsn'totintY R;sTitty;Liii OS!Mown toripitt,of survey ls'ySehulenburger Suiveysii
-company doted April 12;-.1989:-
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3ook: 1,207''rajn:44 Pa-ge sit 24'
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Chicago Tit:le Insurance Company _
- ALTA Commitment for Title Insurance
commitment Number: 1B-0427504
PARCEL 4:
130,0t,N„N_ING la an exiting hon in th tiontivinstent margiti,of the,right-of way of cii
eul.de:..san'of;Lynn Rea‘L'oe!nntoli lniiiecoin'ci,'of Lou 21 end 22;and,lurning-thatiee,
Via thedaTnindn'line of Las 21 and22,N4729-22 W192.26 kc*to Oa cabals lion in
the Southwtifeni ottlrgla of the 200`foint eighfif wy of Duke Viva Company;:tonOr
of tfOodat-dikiosso;Inc.(new oe rigaerly,deal Etook64,'Pouo,265)fthence with asid
Aiallt of mniy'rnargInlad the.line-of Ileeetut•Colonest,Ii Citowr fonnaly),N 2146-
02 8-234.96_feetlo,a,newlron'in elj ol,Lot23;thçzce two,line:seta tho.caionon
linoof Lois 22-and oE(l)S 22;4 702 Li 64,0F feet kin,and
(2)S:1009-41-;91197.42 feet.to en cetocIn hair in the NotagoinsizItt Of ati.elg,W of
'Weix ef the cul•do-see of ymi Rata,tind ails!vola snld fialk,of wiy'rnarsIdalon6
cove to'tie,left.the red1kit \vlile„teis,SO feet.cand the(tont°f,which ii"S 71.1602
feci).Fitifo dltbnea of 51.ifi foci to theURGINNINO,ceniatnIng 1,077 eci4t;end
tieing On of Lot 22 of§rkrineUUIs Sub41;itstue ihówinln soot of Mop:at past 1663
In the Rowan„CountyRegistry andai shoOrn on;Oaf of aOria'y toy Sh1Lentier0:'-
Soridyink Company dated SeptamliEt2S,"1994,
• PARCEL 6:
1120114NEN,;Yet,o tioint;a1 the atc:see-tion or Ihi 4-44(61144-Onto OW US 14i vY
end b3lhwe$'801, and",-inos thence with tho-`,eentertine.of 1Ilhwey SQl S42416.W
4444.2 feet to a,polpt'Oethe Intei!'ecaiin f diOrm,titeitine 1ifghsvay-301 eeiI to
"Notae.tit,: s°°°the paiteinani-of new,1.1S 1110%40i/01,agFaos:v4111 theNerthein ote'01
.114 ikaixeen(of new. US 1.1)tinvai10, S 74"-15,V,'1,249.4 feat to'," -peittrfie;the
-,IntOrtectlen:of.tlicconfeitii.nte of 11;6=11/atom Nadi cetoltini lkalkcid:end,th'e Noitliern
edge of the liay'empot of new US Highway 70:thence:via-the eciteiiine of VA:3mi'
Ilaih,Cierc)Ina RallibedS 7027`13,;913,5 fect.ttralpeint.inAlve cen Wraf cold maced,
con@ of 5YAglas(now or fortneciy);ther'tes'with
,(navret finnirly) l4 543 r,OralsLog US 70;,1 194A'feet to Q.A.WtIbi
omiec(oDivoi fortniclAjla the f*Snlaerp"margW'Ortke.iliht of iNey„of US:tiladWiy-.70;
ithei*tWo',Itnes'othit'llse tslatthern'inanitin of US oilth Wnttts hoe
(tievelifOrineily),uInflOvesi(0 N 76;49 L634 ttit ent1;(2)N 1 4/1E207.5 feet tos cii
'Iron ppe Wdh ice(now of formerly)ltithi`Nottheen margin of US tligltWiIY10:
,thei*.-wItli..WAthis'-!the,(now
or forine414;11 2;13,U,1193,1 feet‘to it peke trr.the
7eenterthikof 014 Ukfilithqyny 70;thence;:ith,the cenieettneorcitd US 1110wty 79,11.
l•Si tithe DEO tNNINO.'contssining 38.88 eats;m aro
"tau,AND Bkatirr.that ixsalon Or iko'ooto tit-lathed
-Wrigtu 1o,D4d Book ABS,Page'Ot In the Rowan ccitirtty,Xeptstryorieto The;fry it
'VI(shut)!in Book 753,Poge2'In the Rat4tin Cooney:Registry.
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.9c1:51‘;1307 Ptj 4t P of 21.
Chicago Title insurance Company ALTA Commitment fur Title insurance
Commitment Number: 16-04276CH
PARCEL 6:
HEGINNING at an hon pipe,du common oxisct of Lots 39 end 40 in Um Northam
margin of li'lltsttlro Place,bald point befog 112,74 feet in a Lola,
direction from
the NarthWeslern carrier of the lntesseetian itt Wiltshire Place and Brookside Drh'o i d
running thenal with the Noitheeu•n4trgiu of;Wittahire Place, n carved line in a
Nocthwcsttily direction 109'foci to the common;ternsrof Lots 40 and 41 to the margin'
of 1Yltisliira Plum tlieii with tho lira of Lot 41,North 13 deg.20 kin;alit 147.8 ieca
to au fton p1lx,Uta text ccintntan canter of Lets 41,60 101 arcane South'72 deg.00 inln,
I3na I22-feet to on iron plpa,the tearconmtoa carrier of Teat:39 and 40:thence with this
line of Lot39,Soutbd9;Jag,41 whs.-Weil t37 feel to this 01301NNNt3 and !or;teat 40 .
ai shown on Map of part-of Mdlfosd Illus by Hudson and Ahnossd dated May,t939 and
August,1939.
toss end Except:
['many conveyed to the Dein'ratent of,Ttanspoatatlon by dads recorded at Ural,1026,
page 414 ac1i3oak 1029, ce51t;RowiurCounty Registry.
END OF SCHEDULE A
3ook, 1297 P1a�,;;4.1 Pogo s of 2.1
1
Exhibit"B'' • '
cc '-,i)
-IN'TtiE UNITED'STATES BANKRUPTCY.COURT* 6. r
-FOR THE-DISTRICT OF DELAWAREa'=
- - m a
¢-
4is:: Chapter,,7- .4 y .5`
4 vi
DURAI'IBEK TECHNOLOGIES-DFT'INC, ' Casc No:17-I2I43(CSS) =" ''
�
(Jointty-Adininistercd)' Wt5-w- '
et Q!•: ti b
Debtors. ~
Re:Dkt.-No.160`&183 � _
rt a¢.
40RDEI,PURSUANT TO''Il U.S.C.§$105(n),303,AND,36S AND FEDERAL RULES QF
i BANKRUPTCY PROCEDURE 3002,'6004;6006 AND 9614'(I)APPROVING ThIE'SALE
O__F THE DEBTORS'ASSETSRELATED TO THE SALISBURY FACILITY;(n>,
APPROVING THE ASSUMPTION AND ASSIGKhMENT OF EXECUTORY i
CONTRACTS AND UNEXPIRED LEASES;(111)AUTHORIZING CONSUMMATION
OF A SA,,ETRANSAC1'iONt AND,'(-IV)GRANTING RELATED RELIEF
'• Upon,ihe Motiori'(the (niioto'.");,of David W.,Caricktidif, the,Chapter 7 trastec,(tile
• "Trusti:e");of the baa ruptcy estates-(ihe"Fctntei")dole abovi-captioned,dirbhers.(colleel'ivcly,
the"Debtors"),for Entry of anArdiir.Bursuant',To I I U.S:C.$§ 105(0),363,aid 365 und'Federal, r
f Rules of Bankruptcy Procedure 2602, 6004, 6006'arid'9,014 (I) �pprovingilte Sat:: 61.11"=- i
,i
Debtors'. Assets Related to the ,Salisbury Facility; (11) Approving 'the .Assumpiiori and-
' Asiignntent-of S7eecutory Contracts and Unexpired Leases;(III)Authorizing Consummation of
the Sale Tiraisaction; And (Iv) Granting Related,Relief; acids hearing having been held on
Match'5';;2018'(the,":Sele Hearing")_to consider,approval of the sale of 1hc?Parch used Assets to 1
the Buyer(a04-kelt as the transfer.assumption and assignment of Ate Asslgned'Contraets to the
13uyt r) pursuant to the tants and condition3 of the Asset Purchase Abreeinenf(as subsequcntty '
t The'debtors In these cases,alatg"wltti theIasi(our dleilr Of ihr rederattac Idaaiif cation number fa etch of the Cetstots„whrre ,
*iambic siel;Dunkibef7'eehnologles(lith Inc,{48,79);`Dilnl�ibea Teettnologtee(DF'1)anteipaigcs,LLC 11294):DursFib°:
Tadma•o es,(DF'i}-Greup,tic,(6592);DureFib•:r Trchnoioglas(oFT)Holdings iL LLC(4Gi3);Durafiber Tee)notogias
(DET)Mesico'Serviat_interraed)ate It Carp;(41575:DuraFitxr Techeologias(DFr)Qpaations.LLC(1SI4);D,aeFitrt
Technologies IDF1)Scoashoro,Inc,(46591:DunaFibet Teckinulugesi(DIT)Winfield;Lie.(9145j;Ina Fibers llutdini;,:LLC
(WO): DSE'Hutding Corp. (303 I); Morita Technotogies'(DFT)'Mc%ieo Scrvlcss rntecm_ediate t cap.'(390Ot; OFr
Dae enter Tedenologict Holdings,Ire.(S953). 1
1Y:995147:1t
•
30i)15;1307'r"tsoe:as P40e 0 PI 2•i:
amended'or,•mudified,the "purchase-Agreemcnt")1''byaund between the Trustee dnd,Salisbury
invesiinerits IA1:C (the"Buyer'): and adequate and,sufficient notice of the'Motion, and the-
;Purchnsi.Agreement"and'this-Sale•Order having,been=given and the Court'having reviewed and ,
considered:'(ij'the.'Mc tion;;(ii)the objeciiona thereto,`if any:;arid'(11I),,the erguments of taivascl-
made,and-the evidence proffered'or adduced.at the Sale,Hearing ar•subiititied in advance•ofthe
Sale.ilcarins; and after 'due deliberation thereon;• and good and sufficient cause,appearing
there for,,i%hereby is
FOUND AND DETERM[NHD THAT:
A.• the findings.and conelusions.set forth herein constitute the"Court's findings of
fact;•and,''constusions' of law pursuant Co Bankruptcy Ru''1e, 7052, made;apgli`cabte to this
•proceeding-pursuant to Bankrupkcy'Ru1e 0014:To the cote ii any of the follotvinrg'fnidings of feet
constitute conclusions'of law. they are-adopted as-such„To the extent any of the following
conclusions,oflaw constitute findings of fact,they arc artopteci as such.
B. Thls-Court hos jurisdiction,over the Motiom•end the transactions contemplated'by •
the Purchase,Agreement (the "_ • Transit n") under 28 U.S.G. §§ 157 and 1334, and this g-
,mutter is a eorc,procceding under 28 U:S,C,§ l57(b)(2)(A),•(N)end(0). Vetiuc of these cases
anti dle Motion tit this Dislriet is pcopi:r under.28 1.),S.C:.§§ 1408 and 1409.•
C. The statutory predicates-,for,th•Y relief sought in the MutiOn-are Sections:1650),
363.and.365'_of the Bankruptcy Cade,as complemented by Bankruptcy Rules 2002,6094;6006
.add 9014.
•
.t;nless ottieridise deemed herein.ail eapitaliud ms shall have the meanings dscritiesi:ro theca In'the Motion,
or Purchase A re nttnt,a:apptkabte,•
2 I'
1'
3,k:1207 Page:`44 r'Fino'100124,
D., This Sale.Ordt r constitutes,a ftnnl'and appealtibie'ordcr within the meaning of'2'
U.S.C.$•i58(a),
L', As evidenced by,the affidavits or certificates of service filed with this Codtt:(0"
'due, proper,timely,adcgitnte and sufficient notice"of the Motion,"the Purchase Agreement,the
'Sale Heariftg, and the othcrrelief granted herein,'and a substantially„similar form of this Sale
dicier;have been peovidpd in accordance,whh Bankruptcy Code,sections 102(1), 1050),363 and, •
'363 and Bankruptcy Attics'2002,6004,,and'6006;as•limite 1 by the,Court's Order un the Trustee's
'Motion' to Limit,.Notitia; (ii)such notice:,was-good,,'sufficient and appropriate under-"the,
circumstances;and(iii)no other:orfurther,nottec of the Motion."tlie Stile Hearing,the saleof the,
Purchased_Assets,and,the other,relief grunted heroin is,or shall be required:
F., 'A'reasonabfe 7opportunity to object"and'he heard'.wiih,respect to',tha Motion and •
the relief requested therein fiat'boon.afforded'lo,all,known'interested persons,and entitles;
irtel'uding: (i)the;Office ofiho United States Trustee'for the District of-Delaware;(ii)the-Buyer;
,(iiij eounseltothe Agcnt;(iv)any party'known or reasonably believed to have asserted any lien,
claim, encumbrance„right of fist,reftisai, or='utiier interest in or upon any of the Purchased
Assets, which are to_be sold,pursuant to the Purchase Agreement; (v) any party known or
-reasonably believed to have expressed an interest in acquiring some or substantially,all of the
Purchased'Assets;(vi)'the Internal Revenue Service: (vii)the United Sttties Attorney's offices
for the District of Delaware;(viii)the North.Carolina Departincnt of Environmental Quality;and
'(ik),the United States Env iroirmcintal,Protection'Ageney,
G. As'dernonstrated,bp,ilte test-imam and/or other,evidence,proffered or adduced at;
the Site Heairing or ubrriittcd by aftidayit or declaration before the Sale Hearing,-(1,)the;Trustee,
has appropriately rnarketedsthe P.uiehased:'Assets dnder,tfie-circumstances;and(2)h full.fair and
3
3ook 1307'Page; A nage 1 I of 24'
•
•
reasonable opportunity has been given to any interested party to'make a higher'or better offer for
the Purchased Assets,
The Rill Procedures sct'forth in the Bid-Procedure.Order w,cre,non•e,011Usive and
substantiveland procedurally fair to_ttll parties.
i
The.Buyer(i) is purchasing,the'Purchased Assets ln'good faith and iii)is a good
•
faith;purchaser far value within the meaning of sectiow3G3(ut) of the Bankruptcy,Code aqui
therefore.is,entiileit AO the'full'pfutectiuiis of that provision and any.other applicable`or,sitpllar,
bankruptcy or non-bankruptcy law. 'The:-Bum,otherwise has proceeded in good faith in all,
respeets,ir,,coramekin_with this-,proceeding in that,among other Things:(a)the Bu-yer recognized'
that the,Trustee-was free,to deal with"any,other:pt rty interested,-in,acquiring'the PureTieSeo.
Assets;(b)the.Buyer was subjected to a bidding.process designed t6,sblicit-cor ipctitivc bids;;(c)
all payments ter be made by the•Buyer in connection with the Purchase,fsgreetneni'have been
'ilisclosed,,(d)'tae BuYer Inas,not violated,seetion 363(nj of the Bankruptcy Code by attraction'or
/lath ion,'and(e);ihe Purchitse Agreement vies riegotietad,proposed-and cntered'inloin good'faith
and from..arin's-length bargaining positions,with°the parties represented by cbiripetent'counset of
their choosing.
The consideration provided by,the Buyer pursuant to the Purchase Agreement'is
fair and adec4wstc and constitutes reasonably equivalent,value'and fair consideration;under.the'
Bankruptcy Chile and wider the laws of the United States, any state, territory or possession
thereofjor ipe'Di'strict,of,Goi`umHla ,(including The Uniform Fraudulent-Transfer Act, Uniform
Voidable Transactions Acte and;€fie'Uniforiit Frauduidiit".,Cortyeyance,Actj., The Purchase
ASreenent was not entered-into, and'neither tiie,Trustee nor'the' Buyer',has enteccd'linto the
4
. t
Book:1307-Ptige:4a Page 12 et-24
yiii:c114se Agreement lorprOpoe,to,consummate.lthe Transaction, for the,purpoie Of,
-.bindiring,-delaiirg or defrauding the,betn-ote presept-Orfuture creditors.;
Subject to ihe'entryiefitils-SelePider:theTruitee has,full:power and;authority,to:'
.extett(e,the teurcPset Agreement and iill'otherAoconients.eonternOlated„therety, and.the,Sale.
'Transaction,basIbrxe.iltily anCryafidly,a borized: NO:consents'or noproviiii other,:thathase'
nled for,Itt-the Purchase,-AgrearneoltAre-required far the Trustee,,to'consummate the tnk
l''rtntsactittek-eithed'(hereili.
1..,, The transfer of the:Purelia-Sed Assets to the Buyer,Shell be,a legal..,valid'and
'effecilve tOnSfer,orthe'purChased Assets and4shall"vcit the Buyer at Closing with all right title
'and:interest Of the Debtors'in:and to the Purchased Aiiats,,free and clear of all hens defined'
nt-,Section;0 (31)of theBa4ruptcy,Code,'"LiOn1
A Idle of die-,Purehasad,,Assets-other dian unarm,anlear of Liens on the Terme
set kinti.hirein-wptilifbi Of substentinViess'henefit.tb and'would attversely,iffeet the Estates,
N," Th.'1 or Any,er,,us,aKilleabla.will, liceluding by Viay,of entering into the
Pt-cabin Agreeniertt,and'the,provisions relating lb,the Ass:igned,COM reel s,thire dote y,
f'
9(Idalt:eiiSiing:prier to the date hereofunder,any"of the Assigned Contracts that are yteentory
contracts'or'iltiem,ired Josef'.under-see:lion.365 of'the'Sankt-bpi-dr_Code.nod (ii);pr,Ovide
:eoutpensation.or;ade,Oute,assurance Orcompensationto any-party:Tor any netual,pecuntary lois
tosuch party resulting from a default prior to:the,date hereof under ettY, of the Assigned
;Contrad4,4olel ,the ineunt;jet-forth,in he,Cure Notice unless'-Otherwise Ordered by,the
Court); Buyer-will lirOilifeadet,fume-.efitirerte:'.uf-,future perforsoince of inti',irrigar die
of"Seetions,365(h)(14;and 36 6(f)(?) the-Boollritptcy
Code::
3iteit'120 fá1 Rine Ani 24,
0: The Cure,Notice,identifying all Assigiied;Contracis, if uny,,tlrat,will be assumed
end:assigned or otherwise transferred,to the Buyer under,the Purchase.Agreement plus the
'eorresponding,�ctire..arnount shall be served an all, non-Debtor counterparties to such'Assigned
Cotitracts,identiftcd-therein on or prior,to 30 days from entrx of thds Sale Order. Such notice
shall be good,sufficient and appropriate under the-cucumstances'and no other or further orifice,
need be provided.in connection with the transfer.nscutnuIon and;assigning tit,unite AAi-signed
Contruets and fixing'of cure artiounis related thereto.
To the extcnr°any, Assigned Contract is not pn.executory contract or unexpired
lease subject to seciiOn 365 of the Hankruptcp,Cadc„the-Trustee is authorised to transfer all of
the-Debtors”rights 5ndobligailowunder such,Assigned Contract urid.tliu'associated Purchased
'ASsets.tD the Doycr;pursuant to:section 363 lathe Bunkntptcy Code: '
Q. Fai lure,to object.to.;the, tratisfcr,c.assumptiotr and iassignment;of an Assigned
'Contract`is'deeined.eonsetit to the transfer assumption and nssigirritrrnr.
It. The Trastee mity'sell'the Purchased Assets to the Buyer free and clear df nll Liens
,in decoidance with, end to the extent perriutted'by; section;363(fj of the'Bankruptcy Code
because, in each cast„ one or more of thestandttrds set forth in sections 363(f)(l)-(5),of the
13ankruptcy-Code•has been satisfied those hgldcrs of Liens against.the Debtors,their Estates Or
any'of t e_Purchased,`Assets who,did not object,•or who withdrew their objeeuonsJto the Motion
arc,deemed to have consented thereto'pursuant to-section 363(O(2)_of tae Bankruptcy Codc.
is a'reasonnble eiccrclse:of the.'!'rustec's business judgment'to,cunsumrnatc the
Sale Trarisaeiiiin contemplated by the Purchase Agreement. and such actions arc in the best
• „interests,of the,'Estates and,their creditors, The consummation of the sale transaction is,legal,
valid and,'properlyrtuthorized,under_all-applicable piovisrons o„f-the 6attkrupicy,C0c,including,
a4,04:1,24 NV,:44 `Paje 14,or 24,
II
f without limita(ian:,sections'I05(u),363(li),363(f).i63(M),365(b),'and,365(t)of the Bankruptcy
Code,and nil of the applicable requirements of such sections'have been complied with ln'respect•
of the Sale Transaction.
T., The.Purchase Agfeerinent 11 a'valid and`hinding contract between the'frustee.and,
the Buyer, which,is end shall be enfarceablc against the Buyer and the Trustee according,to its
terms.
U. The Trustee'has articulated,good and sound business reasons•for.wairing the stay,
otherwise imposed by Bankruptcy Rules 6004(g);and•6006(d). •
THEREFORE.iT IS ORDERED._ADJUDGER AND DECREED THAT; •
!: The Motion IS granieii as set,fortlt-herein,
2. Any-objections to the catty of this SaltkOiider or the rcliif granted h'ercitt.,had
requested,in the Motion that have nor been withdrawn.waived,*settled-.and-all reservations of
rights included thartii'n,'hcrcby,are denied and overruled. •
Annroval•of the Pui`rhasn'A-ailment end the Sale Tr ,tst tio)t
3. The Putchase•Agrecment and the-transactions contemplated thereunder are hereby,
approved.
4. The'Buyer's offer'for the Purchased Assets, as embodied in the Purchase
Agreement.is the highest and bast offer fur d e Purchnied•Assets and is hereby approved.
5. The Trustee is authorized w execute and deliver, and empowered to perform
under, consummate, and'implement the Purchase .Agreement, together with all' addiliotfat
-instruments and documents, that; the.Buyer reasonably 'Jcents necessary at appropriate-to
implement the Purchase Agreement and effectuate the SaleTransaction,and to take all other and
further actions as may be reasonably, requested,by the Buyer for-the-purpose-of assigning,
•
•
3,0„;12007 Pulte;44 P60e 113 of 24
transferring, granting, cottiecying: and conferring to Buyer-or reducing'to ,posses'sioh the
Purchased-Assets,,or as.may be necessary;or.appropriate to the perfonnanccbf-thc obligations of
the ifuyer-and,•Trusiee-as,contemplatGd by,the Purchase Agreement.
The transfer or"this Purchased Assets to:the'13u;.er stitill vest the liuyor with alt
right,'title and interest of the Debtors in and to die Purchased Assets;free-and clear of'ell Liens,
Atli all such'Liens attaching ta'.the net cbih proe'eerls of the-sale in the order of their priority,
witli'the•same,validity,,force and effect that they now,have,as'against the-purchased Assets,
subject to-arty claims-and defenses the Trustee or the Debtors'-Lstates,rnay possess with respect
,thereto. All holders'of,Liens fall'within one or more subsection-s of section 363(1) of the
Bankruptcy'Code and are adequately protected by haying their Liens attach tb the net proceeds,
received by the Trustee.
7. Subjeci'to'the,Assumed Liubilitics,'purstinnt to sections'L05(a)and 363O-df the
Bankruptey'Code;,the Purchased Assets shall be.trattsterra to Buy+er;_and upon'.ihc,Clossing the
Buyer shall,take the Debtors,' right,title avid interest to and'posscssion of the.Purchascd A'sscra
upon'consumnvtttkin af}he purehus-c-,;grcetnent. '
s. Upon the.Closing of the Sale,'each of the Debtors'creditors-and'anyother holder
af.a Lien aurhori7ed-td execute such documents and take ull'other actions as may-be accessary to
release its Licn.on•,thc Purchased,Assets,-.if any;ras such Lien may have been recorded or maw
,otherwise exist.
9. Tf any person or entity,'thatl has filed financing statements,•rnongages.lis,pendens
6r-other documents,or ,agreements evidencing:Liens on the Purchased Assets and has not,
,delivered to;the Trustee prior to the'Clasing, in-proper form,for,filing and executed by•the
appropriateparties, termination'siaremenrs,;instriiniants,of,satisfaction or,releases of all Liens
.s
•
3cvk:12177 sa Page i6
that the,person.dr entity has with-rvspect to the Purchased•Assets.then:la)the Buyer,is hereby
nuthoriied:to,exccutc and file such statetuents,;:instruments, releases and other dociiinents'on:
behalf of the person or entity witlt.respect urthe,Pu:ehased Assets,•and(b)the Bityer is hereby
authorized to file.register or otherwise'record`a cerillietl'copy of'this,Salc Order,which"shall
cunsthute conelusive,evidence or the release of all Lieris on tha'Purehosed Assets of any kind or !r
-nature whatsoever. l:ach'governmcntal_agency or dcpurtnient.is hereby authorized to'accept any
and all'documents,and inatruinetits necessary,and appropriate to consummate the transactions';
contemplated by the'Purchase Agreement.
10. This Sale Order: (a),shall:be eFfeetive'as a determination that, except for,the
Assurned'LiabilitieS, at,Closing, all,Liens of any kind or nature whatsoever existing os to the
'Purchased,Assets prior td,the closing have'been unconditionally released, discharged and •
terminated as to:the Purchased Assets being.sold,(but=not,Tor,the avoidance of'doub),-rcteased,
%discharged or terminated with respect to the net proceeds of those.Purehased Assets),_unii that the
.eonveyences described herein have been•effected;and(b)shall be binding,upon and shall govern
I
the acts of all entities,iricluding,without limitation,all filing agents, filing offieers,,titic agents,
title companies,,`recorders'of mortgages, recorders of deeds,registrars of deeds, administrative
agencies,governmental departments.secretaries f'state;federal,'state and,local officials,nnd.all
r thea persons;and entities'who'niay'rbe required by operation of taw,'the ditties of their oeiisc or
contract to accept„file,register or otherwise record or release airy documents or instrbme.nts,of
who may be required to report or insure any tiile or state or_title in or to ariy.of the Purchased
Assets.
11. Except for the,Assumed Liabilities, the sale,'transfer,assignment'and'dellvery of
the'Purchased'Assets shall not,be"subject to'any Liens,. Excopt,for,the Assumed Liabilities,all
4
t i
•
3nol::1207'Page':44 rage 17 ot'2.1
persons holding•.Liens'ugainst or in the Debtors or the,.Purchased Assets or any kind-or nature
whatsoever hereby;are-forever barred, estopped and permanently, enjoined from asserting,
prosecuting or otherwise pursttit}g,such Liens of any bind or nature whutsoever-against the Buyer
or its,uffccrs,,,directors,shareholders or pnnaers,its property or its stiecessors and assigns or the
Purchased Assets,as an alleged successor,to the greatest extent alloivable'by applicable law,'or-
.otliertvise, with respect to any Lien orany or nature whatsoever such person°orryentity had,,,
has'or nitty ha e'against or in-the Debtors,theiiEstaies,offc:ers;directors or shareholders or the
'Purchased Assets.
-12; Any person or entity that is currently,or un-1he Closing Date may be;-in pessetsiorE
bf some or all o:the Purchase&'Assets ch.tll,surrender possession of stick Assets either to(c)the
Trustee before the Closing or(b),to Buyer of its(1;4=11-pen or after the Closing.
17. The Buyer shall have no liability�or responsibility far'eny lintiilii'y Or other
obligation of the Debtors or Trustee-arising under,or reined to the purchase`s! Assets,oilier then'
the.Assumed Liabilities or us otherwise Set'fortis in the Purchase Agreement 'Without limiting ',:t
the generality of the'foregoing and,exccpt as othertyise specifical1y,provided'in the Purchase
• Agreement',the Beyer-shall not be-liable for any claims against the Debtors or its predecessors or
affiliates for any-obligations of the Debtors arising prior to the Closing.
Transfer of Assigned Contracts
14. The Trustee'is hereby nnthnrizcd in accordance with sections 103(x),363 and'365
of`the Bank'ruptcy.Code, as applicable. t4;(a)'trunsfer,'assume; assign and sell,to the.Buyer,
effective and conditioned inion the,Closing;the Assigned Contracts and(b)execute and deliver
to-Buyer such documents or other,instruments us,the'Buyer,deetn^are necessary or appropriate to
assign and transfer•the Assigned ConrractS to the-nuyer.
-lU
t ,
3aok:1207 Page:=4 Pape 1.0 of 2-1
15, With respect,to,the Assigned'Contracts; (a)-the Assigned Contracts shall be
C transferred anifassigned to.and following the Closing, shall,remain id full force and effect,for
the bcneft of the Buyer,, notwithstandingmin' ,in-any, such Assigned Contracts
(including those of,the type•described in sections 365(b)(2)and 365(t)o11lie Bunkreptey,Codt)'
that prohibits.fest/lets or conditions such assignment ortransfer'and,pursuant to section 365(k)
pf,the t3ankruptcy Code;'(b).except as expressly otherwise provided 'the Purchase Agreement
'the'Estutesstroll be relieved,front any further liability with respect:to:Assignee CnntraCts and the,
associated purchased Assets ofter'such assumption by the Trustee and assignment and sale in the
'Buyer;'.(c)the Trustee may assume each of Clic Assigned Contracts,to the extent such Assigned 1
Contracts are-,executory'contracts or unexpired lenses, in'accordance with section 365 of the
,Benkruptcy,'Code after payment or the,appiicable''Cure Aniount,•if any,'in the Cure Notice;(d)
'the Trustee ttiay assign and sell each of the-'Assigned Contracts,regardless of whether any such
Assigned Contract•is an,executory contract or unexpired ieese:fa accardanee with sections 363
andlor':365 of the Bankruptcy,Codc;ias applicable,and any provisions in any,Assigned Contracts
that prohibitor condition the assignniet t of such Assigned Contracts or allow the party to-such
Assigned Contracts to terminate, recapture, set off(if not exercised pre-petition), impose any
penalty,condition renewal or-extension nr modify any term or condition upon the-assignment of
such Assigned:Contracts, cottstitutc uncriforcenblc anti-assignment provisions, which tire, void
and of no force and effect:(c)all oiher requirements and conditions under Sections 363 and 365,
to_the extent applicable.(including without limitation,the'satisfaction of the requirements under
Section 365(c)(t))of the Bankruptcy:Code for the 4-ssurnption by the Trustee and sale,add,.
assignment to.theS.uyer of each,of-the Assigned Contracts have.bccn,satisfied;and (f) upon.
Closing, in accordance:with-sections 363,and 365 of the Bankruptcy Code, as applicable, the
' I
f
3,4ek: 1297 i'aa':44 rage 19 of 21,
1'x in Qt± Vt.:4.3iM Loci •loo€
I 1
zs
•3P14.-Stto la,tatiotuk►a:n3 311LIO X 11uij pun rtijp!t;eA qui puj tuap JO ut'Ruppolgo eu�Silp�jaya
wOJJ panglyoid aq buys .CutldJalunca dar. pun pauluiJalop (lteug •ag of poutaap, aq pays
`aauoN alto nip u!tjtloj ins tunouun 5t(t ut tunowy,aitlD.tjans'lunotuv aano r.o1 laafgo Apw
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19. The cffectivencss of the provisions of paragraphs-14-ihrough t 8.of this Sale Order
with respect to a particular Assigned'Contract shall be"sutiject only•ia unystibscquent ruling of
the Court on any dimly fled Cure Objection and/or Assumption and Assignment Objection.,
2O, The failure of the Trustee or`t a Buyer to'enforce at any time one,or more tenni
or conditions-of tiny of,ihe Assigned'Contracts shall not be a waiver of-such terms or conditions„
'or of the't'rustee's .tnd'the Boyer':rights to enforce every term and condition of the Assigned
Contracts;
AdditlannCP y stens
21. Th:consideration provided by Buyer for-the Purchased Assets under the Purchase
Agrrcetriant is fair Ind reasonable and may hot be avoided:
22. Mr transactions are undertaken by Buyer without-ctillusian and in good faith;in'
''accordance with Baalminey'Code'sections 363(m) and 363(n). ,Accordingly,,the reversal or
modification on appeal'of the authorization provided herein to'consuin nett ttie transactions shrill
iiokaffect'the validity,of the sale,and',transfer of the Purchased-Assets tb,Buyer, tsness such
authorization is duly stayed pending-such-appeal: -Buyer is a good-faith-purchaser of the
Purchased Assets and is entitled to all of th'e benefits and-protections afforded by Bankruptcy
Code section 363(m),and.other,applicable law.
- i
23. 'Notwithstanding anything contained herein to the contrary, the Trustee is
authorized to,reteasc proceeds of the Sale to the Agent-in accordance with the Final Order{f)
•Autiwrizint the Trustee to Use Cash Coila:eral, (11).Granting Adequate Protection: (1i1,)
Mesdifying the Automatic Stay,, (I,VJ,,Approtiing Carve•Otus,and Sharing,Agreement, and (.V)
Grating ReIAied'Relief[Mt. No. 104). as=auch'final"order may have been.amended by he
Agreed•Urder,Antending Final tprder(1)Atuhortiing:The Trustee-To;Use Cash Cotlaternl,,(11)'
-13
3e4'1207 Paw:44 1'm 21,0 't_
•
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Granting Adeiquai'e Protecrion, (111)Modifying Thi Antonini(c Stay, (IV)Approving Carve-Outs
And'Sturring Agreetnetir.And(V)Grnnting Refare-d'IOW{Dia No. 1'63].
24, The Purchase 'Agreement and any related agreements, documents "or, other •
instruments may be modified; amended or,si pplentented b'y the panics thereto, in,a writing
sinned by,such patties, And in accordance with the tCtttlS,theteof, without further order of the
Court,provided that any such tmidificotion,'amendment_or supplement does not have a•riatcrial,_
adverse'effecGon'the Debtors'Estates.
:S; • The failure specifically to include any particular provisions of the Purchase
Agreement in this Sale Order stiull-de'dinupish or impair,the effectiveness'ot'such provisions,it,
being-111e intent of the Gagrt that tbe'Rurchasc Agreenxnt,is hereby,.ntithorized arid'approved in '
its entirety, as it may be"atnende"d ar'supplemented in cordance with its terms and this Sale
Order
26 To the extent of any eonfliot between,the Purchase Agreement and this Sate_
Order,then this Sale order shell govern.
27r. This Sale Order and the Purchase Agreement:(a) shall be binding in all respects
uporiall creditors of and holders of eijtiity.•intcrests in the Debtor's(whether known or unknown}:
any holders of.Jens;all nen•Debtor.parties to any of the Assigned•Contracts.the Buyer and all
successors and assigns,df,,the Buyer, the Trustee, the Debtors,and, thea'Estates, and ilio
P,urch sed,Asucts;,and(b)•shall not,bc subject to rejection. r`
28. Each and-every federal,-state and betel-governmental ageng). or department is
hereby authorized to,accept,any and all,documents and instritnsents necessary appropriate to
consummate the Snte,Transactiont
14,
3abt,:I2O7,nage:d4 f'agv 22 car 2•i -
29. The founeea•day stay otherwise imposed by Bnnlnsptcy Rules 6004(h), 6006(d)
and 7062 is hereby waived,end this Sale Order shall be effective immediately upon entry
30, This Court shall retain jurisdiction to interpret, implement and enforce this Sale
Order.
Dated. 3/5 .3018
(17 -'4"
Honorable Christopher S.Sortcht
United Slates Bankruptcy Judge
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