{"id":"court_ctb_3325_1","court":"CTB","case_no":"22-50073","doc_number":3325,"sub_number":1,"doc_type":"ORDER","filed_date":null,"title":"Exhibit 1 DIP Amendment","summary_zh":null,"summary_en":null,"body_en":"# **Exhibit 1**\n\n**DIP Amendment**\n\n## **FIRST AMENDMENT TO MULTI-DRAW SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION CREDIT AND SECURITY AGREEMENT**\n\nThis First Amendment, dated as of June 17, 2024 (this \"Amendment\"), to the MULTI-DRAW SENIOR SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION CREDIT AND SECURITY AGREEMENT, dated as of August 23, 2023 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the \"Credit Agreement\" and, as further amended by this Amendment, the \"Amended Credit Agreement\"), is entered into by and among (i) Genever Holdings LLC, a New York limited liability company and a debtor and debtorin-possession in the Chapter 11 Cases (\"Genever US\"), (ii) Genever Holdings Corporation, a corporation registered under the laws of the British Virgin Islands and a debtor and debtor-inpossession in the Chapter 11 Cases (\"Genever BVI\" and together with Genever US, the \"Borrowers\"), and (iii) the chapter 11 estate of Ho Wan Kwok (the \"Individual Debtor\"), acting through its representative, Luc A. Despins in his capacity as the chapter 11 trustee (the \"Chapter 11 Trustee\") of the Individual Debtor (such chapter 11 estate being the \"Lender\"; together with the Borrowers party hereto, the \"Parties\"). Capitalized terms used and not otherwise defined herein shall have the meaning assigned to such terms in the Credit Agreement.\n\nWHEREAS, pursuant to the Credit Agreement and the DIP Order, the Lender agreed to provide the Borrowers with a senior secured super-priority debtor-in-possession credit facility (the \"DIP Facility\"), consisting of \\$2,000,000 in revolving Loans to be made available to the Borrowers pursuant to the terms of, and subject to the conditions set forth in, the Credit Agreement and the DIP Order; and\n\nWHEREAS the Parties hereby agree to amend the Credit Agreement pursuant to Section 6.5 thereof to increase the amount of revolving Loans to be made available under the Credit Agreement to \\$3,000,000.\n\nNOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby covenant and agree as follows:\n\n**SECTION 1. AMENDMENT.** Annex A attached to Credit Agreement is hereby replaced with Annex A attached to this Amendment.\n\n# **SECTION 2. DEFINITIONS.**\n\n(a) The \"DIP Amendment Order\" means an order of the Bankruptcy Court in the Chapter 11 Cases, which order shall (a) be in form and substance, and on terms and conditions, satisfactory to the Lender, (b) subject to the foregoing, authorize and approve, on a final basis, among other things, this Amendment to the Credit Agreement and all other matters set forth in, and transactions contemplated by, the motion seeking approval of this Amendment, (c) be in full force and effect, and (d) not have been reversed, vacated, stayed or amended, supplemented or otherwise modified (unless the Lender shall have previously consented thereto in writing).\n\n**SECTION 3. EFFECTIVENESS.** Subject to entry of the DIP Amendment Order, this Amendment shall become effective when it shall have been executed by each of the Borrowers party hereto and the Lender party hereto and such executed counterparts have been delivered to the Lender pursuant to the terms of this Amendment. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of each Borrower hereto and the Lender and, in each case, their respective successors and permitted assigns.\n\n**SECTION 4. DIP AMENDMENT ORDER CONTROLS.** The Borrowers and the Lender hereby expressly agree that, in the event of any conflict or inconsistency between this Amendment (or any other Loan Document), on the one hand, and the DIP Amendment Order, on the other hand, the DIP Amendment Order shall control. Notwithstanding anything to the contrary herein, the provisions of this Amendment are subject to the terms, covenants, conditions and provisions of, the DIP Amendment Order, as applicable. This Amendment is subject in all respects (including with respect to all obligations and agreements of the Borrowers provided for hereunder) to the terms of the DIP Amendment Order and, notwithstanding anything in the foregoing, the Borrowers shall not be required to undertake any obligation, make any agreement or take any action that is prohibited by the terms of the DIP Amendment Order.\n\n**SECTION 5. COUNTERPARTS.** This Amendment may be executed in several counterparts, and by each Party on separate counterparts, each of which and any photocopies, facsimile copies and other electronic methods of transmission thereof shall be deemed an original, but all of which together shall constitute one and the same agreement.\n\n**SECTION 6. GOVERNING LAW.** All questions concerning the construction, validity, enforcement and interpretation of this Amendment and, unless otherwise expressly stated therein, the other Loan Documents shall be governed by and construed and enforced in accordance with the laws of the State of New York applicable to contracts made and to be performed in such State. Each Party hereby irrevocably submits to the exclusive jurisdiction of the Bankruptcy Court and, solely to the extent that the Bankruptcy Court does not have (or abstains from exercising) jurisdiction over any matter, the state and federal courts sitting in the City of New York, borough of Manhattan for the adjudication of any dispute hereunder or under the other Loan Documents or in connection herewith or with the other Loan Documents or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, or that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding; provided that nothing in this Amendment or in any other Loan Document shall limit the right of the Lender to commence any suit, action or proceeding in federal, state or other court of any other jurisdiction to the extent the Lender determines that such suit, action or proceeding is necessary or appropriate to exercise its rights or remedies under this Amendment or any of the other Loan Documents. Each Party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such Party at the address in effect for notices to it under this Amendment and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. THE PARTIES HERETO, TO THE EXTENT PERMITTED BY LAW, WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AMENDMENT, THE OTHER LOAN DOCUMENTS AND ANY OTHER TRANSACTION CONTEMPLATED HEREBY AND THEREBY. THIS WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING IN\n\nTORT, CONTRACT OR OTHERWISE. EACH PARTY HERETO (A) CERTIFIES THAT NO OTHER PARTY AND NO AGENT, REPRESENTATIVE OR OTHER PERSON AFFILIATED WITH OR RELATED TO ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE LOAN DOCUMENTS, AS APPLICABLE, BY THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.\n\n**SECTION 7. SEVERABILITY.** If any provision of this Amendment or any of the other Loan Documents shall be invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions hereof or thereof shall not in any way be affected or impaired thereby. The Parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provision.\n\n**SECTION 8. NO THIRD PARTIES BENEFITED.** This Amendment is made and entered into for the sole protection and legal benefit of the Borrowers and the Lender, and their successors and permitted assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Amendment or any of the other Loan Documents. The Lender shall not have any obligation to any Person not a party to this Amendment or the other Loan Documents.\n\n[SIGNATURE PAGES FOLLOW]\n\nIN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed as of the first day written above.\n\n#### **BORROWERS:**\n\n# **GENEVER HOLDINGS LLC**, a New York\n\nlimited liability company\n\nBy: */s/ Luc A. Despins*  Name: Luc A. Despins Title: Proxy Holder of Genever Holdings LLC\n\n### **GENEVER HOLDINGS CORPORATION**, a\n\ncorporation organized under the laws of the British Virgin Islands\n\n> By: */s/ Luc A. Despins*  Name: Luc A. Despins Title: Proxy Holder of Genever Holdings Corporation\n\n**LENDER:**\n\n**LUC A. DESPINS**, in his capacity as Trustee for the Chapter 11 Estate of Ho Wan Kwok\n\n> By: */s/ Luc A. Despins*  Name: Luc A. Despins Title: Chapter 11 Trustee\n\n#### **ANNEX A**\n\n## **Commitments**\n\n| Lender                                           | Commitment     |\n|--------------------------------------------------|----------------|\n| Luc<br>A. Despins, in his capacity as<br>Trustee | \\$3,000,000.00 |\n| for the Chapter 11 Estate of Ho Wan Kwok         |                |\n| TOTAL                                            | \\$3,000,000.00 |","body_zh":"附件 1\n\nDIP 修正案\n多次提款优先担保超级优先权占有中债务人信贷与担保协议第一修正案\n\n本第一修正案日期为 2024 年 6 月 17 日（本“修正案”），系对日期为 2023 年 8 月 23 日的《多次提款优先担保超级优先权占有中债务人信贷与担保协议》（经在本协议日期前修订、修订并重述、补充或以其他方式修改的，统称“《信贷协议》”，且经本修正案进一步修订的，称为“《经修订的信贷协议》”）的修正，由以下各方共同订立：(i) Genever Holdings LLC（纽约有限责任公司，亦为第 11 章破产案件中的债务人及占有中债务人，“Genever US”），(ii) Genever Holdings Corporation（根据英属维尔京群岛法律注册成立的公司，亦为第 11 章破产案件中的债务人及占有中债务人，“Genever BVI”，与 Genever US 统称“借款人”），以及 (iii) Ho Wan Kwok（郭文贵）（“个人债务人”）的第 11 章破产财团，通过其代表 Luc A. Despins（以个人债务人的第 11 章破产受托人（“第 11 章受托人”）身份）行事（该第 11 章破产财团为“贷款人”；与作为本协议当事方的借款人统称“各方”）。本文中所使用但未另行定义的大写术语应具有《信贷协议》中赋予该等术语的含义。\n\n鉴于，根据《信贷协议》和 DIP 裁定，贷款人同意向借款人提供一项优先担保超级优先权占有中债务人信贷便利（“DIP 贷款便利”），包括金额为 2,000,000 美元的循环贷款，根据《信贷协议》和 DIP 裁定的条款并在符合其中规定的条件下向借款人提供；且\n\n鉴于，各方特此同意根据《信贷协议》第 6.5 条对《信贷协议》进行修订，将《信贷协议》项下可提供的循环贷款金额增加至 3,000,000 美元。\n\n因此，现在，考虑到本文所包含的相互约定和协议，以及其他良好且有价值的对价（特此确认已收到该等对价且该等对价是充分的），各方特此约定并达成协议如下：\n\n第 1 条 修正。附于《信贷协议》的附录 A 特此由附于本修正案的附录 A 予以替换。\n第 2 条 定义。\n\n(a) “DIP 修正案裁定”指破产法院在第 11 章案件中作出的裁定，该裁定应 (a) 在形式和实质上以及条款和条件上令贷款人满意，(b) 在符合前述规定的前提下，在最终基础上授权并批准（其中包括）本《信贷协议》修正案以及寻求批准本修正案的动议中所载明并由其拟议的所有其他事项与交易，(c) 完全有效，且 (d) 未被撤销、撤销判决、中止执行或修订、补充或以其他方式修改（除非贷款人此前已对此给予书面同意）。\n\n第 3 条 生效。在 DIP 修正案裁定作出并登记的前提下，本修正案应在作为本协议当事方的各借款人及作为本协议当事方的贷款人均已签署本修正案，且该等签署的副本已根据本修正案的条款交付给贷款人时生效。此后，本修正案应仅对本协议各借款人和贷款人及其各自的继承人和获准受让人具有约束力并使其受益。\n\n第 4 条 以 DIP 修正案裁定为准。借款人和贷款人特此明确同意，如果本修正案（或任何其他贷款文件）与 DIP 修正案裁定之间存在任何冲突或不一致，应以 DIP 修正案裁定为准。无论本文是否有任何相反规定，本修正案的各项规定均须遵守 DIP 修正案裁定的适用条款、约定、条件和规定。本修正案在所有方面（包括就本协议项下规定的借款人的所有义务和协议而言）均须遵守 DIP 修正案裁定的条款，且无论前述有任何规定，借款人均不得被要求承担任何受 DIP 修正案裁定条款禁止的义务、达成任何受其禁止的协议或采取任何受其禁止的行动。\n\n第 5 条 副本。本修正案可签署多份副本，并可由各方在单独的副本上签署，每一份副本以及其任何复印件、传真件和其他电子传输方式均应被视为原件，但所有副本共同构成同一份协议。\n\n第 6 条 管辖法律。有关本修正案以及（除非其中另有明确说明）其他贷款文件的解释、有效性、执行和理解的所有问题，均应受适用于在纽约州订立并履行的合同的纽约州法律管辖，并依其解释和执行。各方特此不可撤销地服从破产法院的专属管辖权，且仅在破产法院对任何事项没有管辖权（或放弃行使管辖权）的限度内，服从位于纽约市曼哈顿区的州法院和联邦法院的专属管辖权，以裁决本协议项下或其他贷款文件项下或与本协议或其他贷款文件或本文拟议或讨论的任何交易有关的任何争议，并特此不可撤销地放弃且同意不在任何诉讼、起诉或法律程序中主张其个人不受任何此类法院的管辖，或此类诉讼、起诉或法律程序是不恰当的或此类法律程序的审判地点是不便利的；但前提是，本修正案或任何其他贷款文件中的任何内容均不得限制贷款人在任何其他司法管辖区的联邦、州或其他法院提起任何诉讼、起诉或法律程序的权利，只要贷款人认定此类诉讼、起诉或法律程序对于行使其在本修正案或任何其他贷款文件项下的权利或救济是必要或适当的。各方特此不可撤销地放弃专人送达传票，并同意在此类诉讼、起诉或法律程序中，通过挂号信或保价信或隔夜快递（附送达凭证）将传票副本邮寄至该方在本修正案项下对其有效的通知地址进行送达，并同意该等送达应构成传票及相关通知的良好且充分的送达。本文包含的任何内容均不得被视为以任何方式限制以法律允许的任何其他方式送达传票的任何权利。在法律允许的范围内，本协议各方放弃就因本修正案、其他贷款文件以及本文及其中拟议的任何其他交易引起的、与之相关的或涉及的任何诉讼、起诉或法律程序进行陪审团审理的所有权利。本放弃适用于任何诉讼、起诉或法律程序，不论其属于\n\n侵权行为、违约还是其他性质。本协议各方 (A) 证明没有其他方，也没有任何其他方的代理人、代表或与其有关联的其他人士曾明示或以其他方式表示该其他方在发生诉讼时不会寻求执行前述放弃，并且 (B) 承认其自身和本协议其他各方是受到本条中的相互放弃和证明的诱导而签署贷款文件的（如适用）。\n\n第 7 条 可分割性。如果本修正案或任何其他贷款文件的任何规定根据任何法律在任何方面被认定为无效、非法或不可执行，本修正案或该等文件的其余规定的有效性、合法性和可执行性绝不应因此受到任何影响或损害。各方应本着诚实信用的原则进行协商，尽力以有效规定替代该等无效、非法或不可执行的规定，且替代规定的经济效果应尽可能接近该无效、非法或不可执行规定的经济效果。\n\n第 8 条 无第三方受益。本修正案的订立仅为借款人和贷款人及其继承人和获准受让人的保护和合法利益，任何其他人均不得成为本修正案或任何其他贷款文件的直接或间接法定受益人，亦不得拥有与本修正案或任何其他贷款文件相关的任何直接或间接诉因或索赔权。贷款人对非本修正案或其他贷款文件当事方的任何人士不承担任何义务。\n\n[以下为签字页]\n\n作为凭证，各方已促使本修正案自上述首述之日起正式签署。\n借款人：\nGENEVER HOLDINGS LLC（纽约\n\n有限责任公司）\n\n签署人：/s/ Luc A. Despins  姓名：Luc A. Despins 职务：Genever Holdings LLC 代理人\nGENEVER HOLDINGS CORPORATION（根据\n\n英属维尔京群岛法律组建的公司）\n\n签署人：/s/ Luc A. Despins  姓名：Luc A. Despins 职务：Genever Holdings Corporation 代理人\n\n贷款人：\n\nLUC A. DESPINS，以 Ho Wan Kwok（郭文贵）第 11 章破产财团受托人的身份\n\n签署人：/s/ Luc A. Despins  姓名：Luc A. Despins 职务：第 11 章受托人\n附录 A\n承诺额\n\n贷款人　承诺额\n\nLuc\nA. Despins，以\nHo Wan Kwok（郭文贵）第 11 章破产财团受托人的身份　3,000,000.00 美元\n总计　3,000,000.00 美元","key_entities":["Despins","Je","Kwok","Ho Wan Kwok"],"ecf_references":[],"word_count":1551,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:55:02"}