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`EXHIBIT B
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`016
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2268 Page 2 of 26
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`UNITED STATES BANKRUPTCY COURT
`SOUTHERN DISTRICT OF NEW YORK
`
`
`In re
`
`BORDERS GROUP, INC., et al.,1
`
`
`
`
`Debtors.
`
`
`Chapter 11
`
`Case No. 11-10614 (MG)
`
`(Jointly Administered)
`
`
`
`
`ORDER PURSUANT TO SECTIONS 363 AND 105 OF THE BANKRUPTCY
`CODE AND RULES 2002, 6004 OF THE FEDERAL RULES OF
`BANKRUPTCY PROCEDURE APPROVING AND AUTHORIZING THE SALE
`OF THE DEBTORS’ INTERNET ADDRESSES TO CERNER CORPORATION
`FREE AND CLEAR OF ALL LIENS, INTERESTS, CLAIMS AND ENCUMBRANCES
`AND WAIVING THE REQUIREMENTS OF BANKRUPTCY RULE 6004(H)
`
`Upon the Motion (the “Motion”)2 of the above-captioned debtors and debtors in
`
`possession (the “Debtors”) in their respective chapter 11 cases (the “Cases”) for Order Pursuant
`
`to Sections 363 and 105 of Title 11 of the United States Code (the “Bankruptcy Code”) and
`
`Rules 2002 and 6004 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”)
`
`Approving and Authorizing the Sale of the Debtors’ Internet Addresses to Cerner Corporation
`
`Free and Clear of all Liens, Interests, Claims and Encumbrances and Waiving the Requirements
`
`of Bankruptcy Rules 6004(h); and upon the Declaration of Jack Hazan in support of the Motion,
`
`dated November 29, 2011 (the “Declaration”); and upon the arguments made at the Hearing held
`
`on December 20, 2011 (the “Hearing”); and the Court having considered the Motion and the
`
`arguments made and evidence proffered or adduced in support of the Motion at the Hearing; and
`
`it appearing that the relief requested is in the best interests of the Debtors’ estates, their creditors
`
`1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification
`number, are: Borders Group, Inc. (4588); Borders International Services, Inc. (5075); Borders, Inc. (4285);
`Borders Direct, LLC (0084); Borders Properties, Inc. (7978); Borders Online, Inc. (8425); Borders Online, LLC
`(8996); and BGP (UK) Limited.
`2 All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the
`Motion.
`
`017
`
`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2269 Page 3 of 26
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`and other parties in interest; and adequate notice of the Motion having been given and it
`
`appearing that no other notice need be given; and having heard the objections made, if any, to the
`
`relief sought in the Motion; and after due deliberation and sufficient cause therefor,
`
`IT IS HEREBY FOUND AND DETERMINED THAT:3
`
`A.
`
`This Court has jurisdiction to approve the sale of the Internet Addresses
`
`and the Agreements (as defined below) (collectively, the “IA Sale”) pursuant to 28 U.S.C. §§
`
`157(b) and 1334 and Standing Order M-61 Referring to Bankruptcy Judges for the Southern
`
`District of New York Any and All Proceedings Under Title 11, dated July 10, 1984 (Ward,
`
`Acting C.J.).
`
`B.
`
`Venue of these cases in this district is proper pursuant to 28 U.S.C. §§
`
`1408 and 1409(a).
`
`C.
`
`Approval of the IA Sale is a core proceeding under 28 U.S.C. §§
`
`157(b)(2)(A), (N) and (O). The statutory predicates for the approval of the IA Sale are sections
`
`363 and 105 of the Bankruptcy Code and Rules 2002 and 6004 of the Bankruptcy Rules.
`
`D.
`
`As evidenced by the affidavits of service filed with the Court, proper,
`
`timely, adequate and sufficient notice of the Motion, the IA Sale and the Hearing has been
`
`provided in accordance with sections 363, 365 and 105(a) of the Bankruptcy Code, Bankruptcy
`
`Rules 2002, 6004 and 6006 and the applicable Local Rules for the United States Bankruptcy
`
`Court for the Southern District of New York and in compliance with the Bidding Procedures
`
`Order. No other or further notice of the Motion, the Hearing or the IA Sale is required.
`
`E.
`
`A reasonable opportunity to object or be heard regarding the relief
`
`requested in the Motion and the IA Sale has been afforded to all parties in interest in the Cases,
`
`
`3 Findings of fact shall be construed as conclusions of law and conclusions of law shall be construed as
`findings of fact when appropriate. See Fed. R. Bankr. P. 7052.
`
`2
`
`018
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2270 Page 4 of 26
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`including the following: (i) the Office of the United States Trustee, (ii) counsel to the DIP
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`Agents, (iii) counsel to the Committee, (iv) all parties who are known to assert a security interest
`
`in, lien on or claim against any of the Internet Addresses, if any, (v) American Registry for
`
`Internet Numbers (“ARIN”) and (vi) all other applicable parties in interest, including all entities
`
`on the 2002 service list as of the date of the Motion ((i) through (vi) collectively, the “Notice
`
`Parties”).
`
`F.
`
`This Order constitutes a final and appealable order within the meaning of
`
`28 U.S.C. § 158(a). Notwithstanding Bankruptcy Rules 6004(h), the parties may consummate
`
`the IA Sale immediately upon entry of this Order. Time is of the essence in consummating the
`
`IA Sale to the Purchaser (as defined below). Accordingly, cause exists to lift the stay to the
`
`extent necessary, as contemplated by Bankruptcy Rule 6004(h). To any extent necessary under
`
`Bankruptcy Rule 9014 and Rule 54(b) of the Federal Rules of Civil Procedure, as made
`
`applicable by Bankruptcy Rule 7054, the Court expressly finds that there is no just reason for
`
`delay in the implementation of this Order.
`
`G.
`
`As demonstrated by: (i) the Declaration; (ii) the testimony and other
`
`evidence proffered or adduced at the Hearing; and (iii) the representations of counsel made on
`
`the record at the Hearing, the Debtors have marketed the Internet Addresses, and the Debtors and
`
`Cerner Corporation, as the purchaser (together with its affiliates and designees, as applicable, the
`
`“Purchaser”) have negotiated the IA Sale in a diligent, noncollusive, fair and good faith manner.
`
`The Debtors conducted an open and robust marketing and sale process for the Internet Addresses
`
`that afforded a full, fair and reasonable opportunity for any person to make a higher or otherwise
`
`better offer to purchase the Internet Addresses. The Debtors and the Purchaser entered into the
`
`purchase agreement on or about November 29, 2011 (the “Purchase Agreement”; together with
`
`3
`
`019
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2271 Page 5 of 26
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`all other documents and agreements contemplated thereby or entered into in connection
`
`therewith, the “Agreements”), attached hereto as Exhibit 1, as the highest and best offer.
`
`H.
`
`The Agreements constitute the highest and best offer obtainable for all of
`
`the Debtors’ rights, title (if any), privileges and interests in the Internet Addresses (collectively,
`
`the “Internet Addresses”), and will provide a greater recovery for the Debtors’ stakeholders than
`
`would be provided by any available alternative. Thus, prompt consummation of the IA Sale
`
`contemplated by the Agreements at this time will serve the best interests of the Debtors, their
`
`estates, their creditors and all parties in interest by maximizing the value to be obtained from the
`
`Internet Addresses.
`
`I.
`
`The Debtors have demonstrated both: (a) good, sufficient and sound
`
`business purpose and justification for the IA Sale because, among other things, the Debtors and
`
`their advisors diligently and in good faith analyzed all other available options in connection with
`
`the disposition of the Internet Addresses and determined that (i) the terms and conditions set
`
`forth in the Agreements, (ii) the transfer of the Internet Addresses by the Debtors to the
`
`Purchaser,4 and (iii) the consideration to be paid as reflected in the Agreements are all fair and
`
`reasonable and together constitute the highest or otherwise best value obtainable for the Internet
`
`Addresses; and (b) compelling circumstances exist for the IA Sale under section 363 of the
`
`Bankruptcy Code before, and outside of, a chapter 11 plan because, among other things, absent
`
`the IA Sale the value of the Internet Addresses will be substantially diminished.
`
`J.
`
`A sale of the Internet Addresses other than one free and clear of liens,
`
`claims, encumbrances, defenses (including, without limitation, rights of setoff and recoupment)
`
`and interests, including, without limitation, security interests of whatever kind or nature,
`
`4 Notwithstanding anything else herein to the contrary, whenever this order refers to the “transfer” of the Internet
`Addresses or similar terminology, the Court means the transfer of the Debtors’ rights, title (if any), privileges
`and interests in the Internet Addresses.
`
`4
`
`020
`
`
`
`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2272 Page 6 of 26
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`mortgages, pledges, deeds of trust, hypothecations, assignments, preferences, debts, easements,
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`charges, suits, licenses, options, rights-of-recovery, judgments, orders and decrees of any court
`
`or foreign or domestic governmental entity, taxes (including foreign, state and local taxes),
`
`covenants, restrictions, indentures, instruments, leases, options, off-sets, claims for
`
`reimbursement, contribution, indemnity or exoneration, successor, product, tax, labor, alter ego
`
`and other liabilities, causes of action, contract rights and claims, to the fullest extent of the law,
`
`in each case, of any kind or nature, known or unknown, whether pre-petition or post-petition,
`
`secured or unsecured, choate or inchoate, filed or unfiled, scheduled or unscheduled, perfected or
`
`unperfected, liquidated or unliquidated, noticed or unnoticed, recorded or unrecorded, contingent
`
`or non-contingent, material or non-material, statutory or non-statutory, matured or unmatured,
`
`legal or equitable (subject to any exceptions specifically provided in the Agreements or this
`
`Order, collectively, “Interests”) and without the protections of this Order would impact
`
`materially and adversely the Debtors’ estates and would yield substantially less value, with less
`
`certainty than any available alternatives. Without the protections afforded to the Purchaser under
`
`the Bankruptcy Code and this Order, the Purchaser would have not offered the consideration
`
`indicated in the Agreements for the Internet Addresses. In addition, each entity with an Interest
`
`in the Internet Addresses (i) has consented to the IA Sale or is deemed to have consented to the
`
`IA Sale, (ii) could be compelled in a legal or equitable proceeding to accept money satisfaction
`
`of such interest or (iii) otherwise falls within the provisions of section 363(f) of the Bankruptcy
`
`Code and, therefore, in each case, one or more of the standards set forth in section 363(f)(1)-(5)
`
`of the Bankruptcy Code have been satisfied. Those holders of Interests who did not object, or
`
`who withdrew their objections, to the Motion are (i) deemed to have consented pursuant to
`
`section 363(f)(2) of the Bankruptcy Code. Holders of Interests are adequately protected by
`
`5
`
`021
`
`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2273 Page 7 of 26
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`having their Interests, if any, attach to the cash proceeds of the IA Sale in the same priority as
`
`their pre-petition liens and/or security interests ultimately attributable to the property to which
`
`the Interests apply, subject to the terms thereof. Therefore, approval of the Agreements and the
`
`consummation of the IA Sale free and clear of Interests is appropriate pursuant to section 363(f)
`
`of the Bankruptcy Code and is in the best interests of the Debtors’ estates, their creditors and
`
`other parties in interest.
`
`K.
`
`The consideration to be paid by the Purchaser under the Agreements in
`
`connection with the IA Sale, was negotiated at arm’s length and constitutes reasonably
`
`equivalent value and fair and adequate consideration for the Internet Addresses under the
`
`Bankruptcy Code, the Uniform Fraudulent Transfer Act, the Uniform Fraudulent Conveyance
`
`Act and the laws of the United States, any state, territory, possession thereof or the District of
`
`Columbia (collectively, “Laws”). The terms and conditions set forth in the Agreements are fair
`
`and reasonable under these circumstances and were not entered into for the purpose of, nor do
`
`they have the effect of, hindering, delaying or defrauding any of the Debtors or their creditors
`
`under any applicable Laws.
`
`L.
`
`The Purchaser is not an “insider” (as that term is defined in section
`
`101(31) of the Bankruptcy Code) of any of the Debtors.
`
`M.
`
`The Purchaser negotiated the terms and conditions of the IA Sale in good
`
`faith and at arm’s length. The Purchaser has acted in good faith in all respects in connection
`
`with these Cases and the IA Sale in that (i) the Purchaser recognized that the Debtors were free
`
`to negotiate with any other party that expressed interest in consummating the IA Sale, (ii) all
`
`payments to be made by the Purchaser and other agreements or arrangements entered into by the
`
`Purchaser with the Debtors in connection with the IA Sale have been disclosed and (iii) the
`
`6
`
`022
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2274 Page 8 of 26
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`negotiation and execution of the Agreements and all other aspects of the IA Sale were conducted
`
`in good faith. The Purchaser purchased the Internet Addresses in “good faith” within the
`
`meaning of section 363(m) of the Bankruptcy Code and are, therefore, entitled to the protections
`
`afforded thereby.
`
`N.
`
`The Debtors and their management actively participated in the sale
`
`process and acted in good faith. Accordingly, neither the Debtors nor the Purchaser has engaged
`
`in any conduct that would cause or permit the IA Sale, the Agreements or any related action to
`
`be avoided under section 363(n) of the Bankruptcy Code.
`
`O.
`
`No transfer or other disposition of the Internet Addresses pursuant to the
`
`Agreements will result in any of the Purchaser having any liability or responsibility (i) for any
`
`Interest, (ii) for the satisfaction in any manner of any Interest or (iii) to third parties or the
`
`Debtors, except as expressly set forth in the Agreements or this Order. Without limiting the
`
`effect or scope of the foregoing, no transfer or other disposition of the Internet Addresses
`
`pursuant to the Agreements does or will subject any of the Purchaser to any liability for Interests
`
`against the Debtors or the Debtors’ Interests in such Internet Addresses by reason of such
`
`transfer under any Laws, including, without limitation, any theory of successor or transferee
`
`liability, antitrust, product line, de facto merger or substantial continuity or similar theories. The
`
`Purchaser (i) is not a continuation of the Debtors or their estates and there is no continuity
`
`between any of the Purchaser and the Debtors, (ii) is not holding itself out to the public as a
`
`continuation of the Debtors and (iii) is not a successor to the Debtors or their estates and the IA
`
`Sale does not constitute a consolidation, merger or de facto merger of any of the Purchaser and
`
`the Debtors. The IA Sale is not being undertaken for the purpose of escaping liability for the
`
`Debtors’ debts. The Purchaser has given substantial consideration under the Agreements for the
`
`7
`
`023
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2275 Page 9 of 26
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`benefit of the holders of liabilities in the Debtors. The consideration given by the Purchaser
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`constitutes valid and valuable consideration for the releases of any potential claims of successor
`
`liability of the Purchaser, which releases shall be deemed to have been given in favor of the
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`Purchaser by all holders of liabilities against or Interests in the Debtors or any of the Internet
`
`Addresses.
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`P.
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`Each of the Debtors (i) has full corporate or other power to execute,
`
`deliver and perform its obligations under the Agreements, (ii) has all of the corporate or other
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`power and authority necessary to consummate the IA Sale and (iii) has taken all actions
`
`necessary to duly and validly authorize and approve the IA Sale and Agreements.
`
`Q.
`
`Upon entry of this Order, each of the Agreements is a legal, valid and
`
`binding contract between and among the parties thereto and is enforceable in accordance with its
`
`terms.
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`R.
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`As of Closing, the consummation of the IA Sale contemplated by the
`
`Agreements will be legal, valid and properly authorized under all applicable provisions of the
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`Bankruptcy Code, including Sections 105(a), 363(b), 363(f) and 363(m), and all of the applicable
`
`requirements of such sections have been complied with in respect of the IA Sale.
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`NOW, THEREFORE, IT IS HEREBY ORDERED, ADJUDGED AND DECREED
`
`THAT:
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`A. Motion Granted, Objections Overruled.
`
`1.
`
`The relief requested in the Motion is granted and approved in all respects as
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`provided herein.
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`2.
`
`Any objections to the Motion or the relief requested therein that have not been
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`withdrawn, waived, or settled, and all reservations of rights included in such objections, are
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`overruled on the merits.
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`8
`
`024
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2276 Page 10 of 26
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`B.
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`3.
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`IA Sale Approved and Authorized.
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`The IA Sale and the transfer and assignment of the Internet Addresses to the
`
`Purchaser pursuant to the Agreements is hereby approved and authorized in accordance with, and
`
`under sections 363(b), 363(f), 363(m) and 365(a) of the Bankruptcy Code.
`
`4.
`
`The terms and conditions of the Agreements and all payments and IA Sales
`
`contemplated thereunder are hereby approved in all respects and incorporated herein. The
`
`Debtors are authorized and directed to execute and deliver, and empowered to fully perform
`
`under, consummate, and implement the Agreements and the IA Sale, together with all additional
`
`instruments and documents that may be reasonably necessary or desirable to do so, and to take
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`all further action as may reasonably be requested by the Purchaser for the purpose of assigning,
`
`transferring, granting, conveying and conferring the Internet Addresses to the Purchaser as
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`contemplated in the Agreements and this Order.
`
`5.
`
`Pursuant to section 363(f) of the Bankruptcy Code, the Internet Addresses may be
`
`transferred to the Purchaser pursuant to the IA Sale as of the Closing, free and clear of all
`
`Interests, pursuant to the terms of the Agreements and this Order. The transfer of the Internet
`
`Addresses to the Purchaser, as provided in the Agreements will be legal, valid and effective to
`
`the fullest extent provided herein.
`
`6.
`
`Any Interests shall attach to the proceeds of the IA Sale in the order of their
`
`priority, with the same validity, force and effect which they previously had against the Internet
`
`Addresses, subject to the rights and defenses, if any, of the Debtors and their estates with respect
`
`thereto, and the proceeds of the IA Sale shall be allocated and managed in accordance with any
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`applicable Orders of this Court related thereto and in accordance with the terms of any chapter
`
`11 plan that may be confirmed and effective in these cases.
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`9
`
`025
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2277 Page 11 of 26
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`7.
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`All persons and entities holding Interests are hereby barred and enjoined from
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`asserting such Interests in any manner against any of the Purchaser, their successors or assigns,
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`or against the Internet Addresses. No person or entity shall interfere with the Purchaser’s title to
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`or use and enjoyment of the Internet Addresses on account of the Interests, and the Purchaser
`
`shall be free to sell or otherwise transfer the Internet Addresses it acquires in its sole discretion,
`
`subject to the provisions of the Agreements and this Order. All persons and entities with rights
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`in any Internet Addresses subject to the IA Sale are directed to surrender such rights in such
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`Internet Addresses to the Purchaser upon demand.
`
`8.
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`This Order shall be construed as, and shall be for any and all purposes, a full and
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`complete general assignment, conveyance and transfer of the Internet Addresses or a bill of sale
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`transferring good and marketable title in the Internet Addresses to the Purchaser pursuant to the
`
`terms of the Agreements. Each and every federal, state, and local governmental agency or
`
`department is hereby directed to accept any and all documents and instruments necessary and
`
`appropriate to consummate the IA Sale and to give effect to the Agreements.
`
`C.
`
`9.
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`No Assumed Liabilities.
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`The Purchaser (as a successor entity, successor employer or otherwise) has not
`
`acquired and will not acquire or assume or be deemed to have acquired or assumed at Closing
`
`any obligations or liabilities of the Debtors whatsoever except as expressly provided in the
`
`Agreements and this Order, and all entities are hereby permanently enjoined and restrained from
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`asserting or prosecuting any claim on account of any obligations or liabilities against any of the
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`Purchaser or agents on account of the Internet Addresses.
`
`10.
`
`Except as expressly provided in the Agreements or this Order, neither the
`
`Purchaser nor their respective successors or assigns shall be obligated or liable, either directly or
`
`indirectly, as successor, transferee or otherwise, for any obligations or liabilities of the Debtors
`
`10
`
`026
`
`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2278 Page 12 of 26
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`or their affiliates (whether under federal or state law or otherwise) as a result of the sale or
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`purchase of the Internet Addresses or employment of any employee or former employee of the
`
`Debtors. Except as expressly provided in the Agreements or this Order, none of the Purchaser
`
`nor any of their respective successors and assigns shall be or be deemed to be a successor or
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`successor in interest or responsible person or potentially responsible person to the Debtors or any
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`current or former creditor, employee, equity holder or other party in interest with respect to any
`
`liability, and to the extent permitted by applicable law, none shall have any liability (whether
`
`under federal or state law or otherwise) for successor liability, including with respect to any
`
`liabilities arising from or under products liability, tax, environmental, employment or other
`
`applicable law.
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`D.
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`11.
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`Order Binding.
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`This Order (a) shall be effective as a determination that, upon the Closing of the
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`IA Sale, all liabilities of any kind or nature whatsoever existing as to the Internet Addresses
`
`being sold by the Debtors prior to the Closing of the IA Sale have been unconditionally released,
`
`discharged, and terminated, and that the conveyances described herein have been effected, and
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`(b) shall be binding upon and shall govern the acts of all entities, including, without limitation all
`
`filing agents, filing officers, title agents, title companies, recorders of mortgages, recorders of
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`deeds, registrars of deeds, administrative agencies, governmental departments, secretaries of
`
`state, federal, state and local officials, and all other persons and entities who may be required by
`
`operation of law, the duties of their office, or contract, to accept, file, register or otherwise record
`
`or release any documents or instruments, or who may be required to report or insure any title or
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`state of title in or to the Internet Addresses. Upon consummation of the IA Sales set forth in the
`
`Agreements, the Purchaser or its designee shall be authorized to file termination statements or
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`lien terminations in any jurisdiction to remove any record, notice filing or financing statement
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`11
`
`027
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2279 Page 13 of 26
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`recorded to attach perfect or otherwise notice any lien or encumbrance that is extinguished or
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`otherwise released pursuant to this Order under Section 363 and the related provisions of the
`
`Bankruptcy Code. To the extent provided by Section 525 of the Bankruptcy Code, no
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`governmental unit may revoke or suspend, on account of the filing or pendency of these Cases or
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`the consummation of the IA Sale, any permit or license relating to the operation of the Internet
`
`Addresses sold, transferred, or conveyed to the Purchaser.
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`12.
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`If any person or entity that has filed financing statements, mortgages, construction
`
`or mechanic’s liens, lis pendens or other document or agreement evidencing liens on or Interests
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`in the Internet Addresses shall not have delivered to the Debtors prior to the Closing Date, in
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`proper form for filing and executed by the appropriate parties, termination statements,
`
`instruments of satisfaction, or releases of any Interests which the person or entity has with
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`respect to the Internet Addresses, each such person or entity is hereby directed to deliver all such
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`statements, instruments and releases and the Debtors and the Purchaser are hereby authorized to
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`execute and file such statements, instruments, releases and other documents on behalf of the
`
`person or entity asserting the same and the Purchaser is authorized to file a copy of this Order
`
`which, upon filing, shall be conclusive evidence of the release and termination of such interest.
`
`Each and every federal, state and local governmental unit is hereby directed to accept any and all
`
`documents and instruments necessary or appropriate to give effect to the IA Sale.
`
`E.
`
`13.
`
`Good Faith.
`
`The IA Sale is undertaken by the Debtors and the Purchaser in good faith, as that
`
`term is used in section 363(m) of the Bankruptcy Code and, accordingly, the reversal or
`
`modification on appeal of the authorization provided herein to consummate the IA Sale shall not
`
`affect the validity of the IA Sale to the Purchaser, unless such authorization is duly stayed
`
`12
`
`028
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`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2280 Page 14 of 26
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`pending such appeal. The Purchaser is a good faith purchaser of the Internet Addresses, and is
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`entitled to all of the benefits and protections afforded by section 363(m) of the Bankruptcy Code.
`
`F.
`
`14.
`
`Other Provisions.
`
`Notwithstanding anything herein to the contrary, including, without limitation,
`
`paragraphs J, 3-8, 11 and 16, hereof, (i) the IA Sale, as stated in the Agreements, is conditioned
`
`upon ARIN’s consent including any terms and/or conditions established by ARIN’s transfer
`
`policies or any other policies, guidelines, or regulations developed by ARIN and published on its
`
`website, as may be amended and supplemented from time to time (collectively, “ARIN’s
`
`Policies”), (ii) the transfer of the Debtors’ interests in the Internet Addresses to the Purchaser is
`
`subject to ARIN’s Policies, (iii) the Debtors and the Purchaser are required to comply with
`
`ARIN’s Policies before any transfer of the Debtors’ rights in the Internet Addresses may be
`
`effectuated.; (iv) ARIN is not required to take any action in violation of ARIN’s Policies in
`
`connection with or as a consequence of this Order, the IA Sale, or the Agreements, nor shall
`
`ARIN be required to apply a different standard to the transfer of the Internet Addresses than it
`
`does to the transfer of non-legacy Internet Protocol numbers. Nothing in this Order is intended,
`
`nor shall be construed, as exempting the Debtors and Purchaser from complying with the ARIN
`
`Policies. Subject to the conditions set forth in this paragraph, ARIN has approved of the transfer
`
`as contemplated herein and shall take reasonable steps to provide assistance for the transfer as
`
`contemplated in this Order.
`
`15.
`
`The Purchaser is a party in interest and shall have the ability to appear and be
`
`heard on all issues related to this Order, the IA Sale, the Agreements and the various procedures
`
`and hearings contemplated therein.
`
`16.
`
`The Agreements and related documents may be modified, amended or
`
`supplemented by the parties thereto in accordance with the terms thereof without further order of
`
`13
`
`029
`
`
`
`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2281 Page 15 of 26
`
`this Court, provided that any such modification, amendment or supplement is not material and
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`adverse to the Debtors.
`
`17.
`
`This Order and the terms and provisions of the Agreements shall be binding on all
`
`of the Debtors’ creditors (whether known or unknown), the Debtors, the Purchaser and each of
`
`the respective affiliates, successors and assigns thereof, and any affected third parties including,
`
`but not limited to, all persons asserting an interest in the Internet Addresses, notwithstanding any
`
`subsequent appointment of any trustee, party, entity or other fiduciary under any section of the
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`Bankruptcy Code with respect to the forgoing parties, and as to such trustee, party, entity or
`
`other fiduciary, such terms and provisions likewise shall be binding. The provisions of this
`
`Order and the terms and provisions of the Agreements, and any actions taken pursuant hereto or
`
`thereto shall survive the entry of any order which may be entered confirming or consummating
`
`any plan of the Debtors or converting the Debtors’ cases from chapter 11 to chapter 7, and the
`
`terms and provisions of the Agreements, as well as the rights and interests granted pursuant to
`
`this Order and the Agreements, shall continue in these or any superseding cases and shall be
`
`binding upon the Debtors, the Purchaser and their respective successors and permitted assigns,
`
`including any trustee or other fiduciary hereafter appointed as a legal representative of the
`
`Debtors under chapter 7 or chapter 11 of the Bankruptcy Code. Each of the Purchaser and the
`
`trustee shall be and hereby are authorized to perform under the Agreements upon the
`
`appointment of the trustee without further order of this Court.
`
`18.
`
`No bulk sales law or any similar law of any state or other jurisdiction shall apply
`
`in any way to the IA Sale.
`
`14
`
`030
`
`
`
`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2282 Page 16 of 26
`
`19.
`
`In the event that anything contained in any plan(s) confirmed in these Cases or
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`any order confirming such plan(s) shall conflict with the provisions of this Order or of the
`
`Agreements, this Order shall control.
`
`20.
`
`This Court shall retain jurisdiction (i) to enforce and implement the terms and
`
`provisions of the Agreements, all amendments thereto, any waivers and consents thereunder, and
`
`of each of the agreements executed in connection therewith, (ii) to resolve any disputes arising
`
`under or related to the IA Sale, Agreements, Interests and Internet Addresses, (iii) to interpret,
`
`implement and enforce the provisions of this Order and (iv) to protect the Debtors and/or the
`
`Purchaser against any assertions of Interests.
`
`21.
`
`The failure to include specifically any particular provision of the Agreements in
`
`this Order shall not diminish or impair the effectiveness of such provisions, it being the intent of
`
`the Court that the Agreements and all of their provisions, payments and IA Sales, be authorized
`
`and approved in their entirety. Likewise, all of the provisions of this Order are nonseverable and
`
`mutually dependent.
`
`22.
`
`Notwithstanding the provisions of Bankruptcy Rule 6004(h), because time is of
`
`the essence, this Order shall not be stayed for fourteen (14) days after the entry hereof, but shall
`
`be effective and enforceable immediately upon issuance hereof.
`
`23.
`
`To the extent that anything contained in this Order explicitly conflicts with a
`
`provision in the Agreements and/or any other related agreements, this Order shall govern and
`
`control.
`
`24.
`
`Notwithstanding any order of this Court confirming the First Amended Joint Plan
`
`of Liquidation Pursuant to Chapter 11 of the Bankruptcy Code Proposed by the Debtors and the
`
`Official Committee of Unsecured Creditors or any modified or amended version of such plan and
`
`15
`
`031
`
`
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`Case 3:18-cr-04683-GPC Document 221-3 Filed 11/02/20 PageID.2283 Page 17 of 26
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`notwithstanding the occurrence of the Effective Date (as defined in such plan) of any such plan,
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`the Debtors are hereby authorized to close on the IA Sale as provided herein as if such closing
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`occurred prior

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