{"id":"court_ctb_406_4","court":"CTB","case_no":"22-50073","doc_number":406,"sub_number":4,"doc_type":"ORDER","filed_date":"2021-09-24","title":"Exhibit UCC-4 Order Granting Debtor's Second Renewed Motion to Approve the Revised Settlement Agreement in In re Genever","summary_zh":null,"summary_en":null,"body_en":"# Exhibit UCC-4\n\nOrder Granting Debtor's Second Renewed Motion to Approve the Revised Settlement Agreement in In re Genever Holdings, LLC, Case No 20-12411 (JLG), United States Bankruptcy Court for the Southern District of New York, ECF No. 141\n\n# UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK --------------------------------------------------------x\n\nIn re: Chapter 11\n\nGenever Holdings LLC, Case No. 20-12411 (JLG)\n\nDebtor.\n\n--------------------------------------------------------x\n\n# **DEBTOR'S OMNIBUS SECOND RENEWED MOTION (i) TO APPROVE SECOND AMENDED AND RESTATED SETTLEMENT WITH BRAVO LUCK AND PAX; AND (ii) TO HIRE MELANIE L. CYGANOWSKI AS AN EMPLOYEE ONLY TO ACT AS THE SALES OFFICER FOR THE DEBTOR'S BANKRUPTCY ESTATE**\n\nGenever Holdings LLC (the \"Debtor\"), as and for its omnibus and second renewed motion (the \"Renewed Motion\") (i) seeking approval pursuant to Bankruptcy Rule 9019(a) of the Second Amended and Restated Settlement with Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\") and Bravo Luck Limited (\"Bravo Luck\"), a copy of which is annexed hereto as Exhibit \"A\" (the \"Revised Settlement\"); and (ii) to hire Melanie L. Cyganowski (\"Ms. Cyganowski\") as an employee only to act as the Sales Officer for the Debtor's Bankruptcy Estate pursuant to 11 U.S.C. §§ 105 and 363 in accordance with the attached revised Employment Letter annexed hereto as Exhibit \"B\" and pursuant to the respective pre-fixed revised Orders approving the Revised Settlement and the corresponding hiring of Ms. Cyganowski, which are being separately noticed for presentment, represents and shows this Court as follows:\n\n### **Background**\n\n1. The Debtor filed a voluntary petition under Chapter 11 of the Bankruptcy Code on October 12, 2020 and thereafter has continued in possession and management of its assets as a debtor-in-possession pursuant to 11 U.S.C. §§ 1107 and 1108.\n\n### 20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 2 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 3 of 25\n\n2. The Debtor's chief asset consists of the 18th floor apartment and auxiliary units in the Sherry Netherland Hotel located at 781 Fifth Avenue, New York, New York 10022 (collectively, the \"Residence\").\n\n3. The Debtor reached a proposed settlement with Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\") and Bravo Luck Ltd. (\"Bravo Luck\") establishing, *inter alia*, a negotiated framework for the sale of the Residence under the stewardship of a Sales Officer to be employed by the Debtor. The parties agreed upon the selection of Melanie Cyganowski to serve in this capacity, and the Debtor previously moved for Bankruptcy Court approval of the proposed settlement and the retention of Melanie Cyganowski as the Sales Officer (*See*, ECF Nos. 62 and 72).\n\n4. The Office of the U.S. Trustee objected to both motions (ECF Nos. 94 and 103). Thereafter, the parties briefed a number of issues in connection therewith (*See*, ECF Nos. 76, 81, 83, 95, 96, 97, 99, 104, 105 and 106).\n\n5. On September 1, 2021, the Bankruptcy Court issued a comprehensive decision (the \"September 1, 2021 Decision\") relating to the Debtor's motions, finding (i) that the settlement comfortably fell within the range of reasonableness and was in the best interests of the Debtor's estate; (ii) that the Debtor had the right under state law to amend its operating agreement to appoint the Sales Officer; and (iii) that the Debtor had the right to employ Ms. Cyganowski as Sales Officer.\n\n6. The Bankruptcy Court, however, found certain issues with Ms. Cyganowski providing any legal advice to the Debtor or utilizing personnel at her firm (Otterbourg P.C.) to assist her without retention of the firm under 11 U.S.C. §327. Accordingly, the Bankruptcy Court initially did not approve either of the motions on this basis. In the main, however, the proposed settlement appeared acceptable to the Court for purposes of Bankruptcy Rule 9019.\n\n2\n\n### 20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 3 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 4 of 25\n\n7. Following receipt of the September 1, 2021 Decision, the Settling Parties have modified the proposed retention of Ms. Cyganowski to address the foregoing, essentially as follows:\n\n- · Ms. Cyganowski shall be hired strictly as an employee of the Debtor and shall not provide any legal advice or counsel to the Debtor.\n- · The Debtor shall not retain the Otterbourg P.C. law firm to assist Ms. Cyganowski or otherwise.\n\n8. Based upon these modifications, the Settling Parties hereby seek to renew the Debtor's motion for approval of the Revised Settlement with the same corresponding modifications relating to the hiring of Ms. Cyganowski. The Revised Settlement continues to provide an agreed framework for the sale of the Residence under the stewardship of the Sales Officer, who shall direct the sale and marketing process based upon her status as an employee of the Debtor. The Revised Settlement is substantially identical to the prior version of the settlement agreement, but has been modified to remove the provisions outlined in Paragraph 7 above regarding Ms. Cyganowski's status as an employee; (i) that the Otterbourg firm shall not be retained; and (ii) Ms. Cyganowski shall not provide legal advice to the Debtor. Also there were clarifications made regarding the structure of Ms. Cyganowski's indemnity and compensation, plus other non-substantive clean-up. Accordingly, the Debtor has obtained the agreement of the Settling Parties and the Office of the U.S. Trustee to the revised terms, and submits that the Revised Settlement should now be approved by the Court.\n\n### **Renewed Retention of Ms. Cyganowski**\n\n9. Ms. Cyganowski is a highly respected and experienced person who can bring a sense of stability and confidence to the position of Sales Officer. Indeed, there is unanimous agreement among the parties that Ms. Cyganowski is an ideal candidate, as her experience and judgment are beyond reproach.\n\n# **Scope of Services**\n\n10. In keeping with the Court's September 1, 2021 Decision, Ms. Cyganowski will\n\nperform the following services as more particular detailed in the renewed settlement agreement\n\nsolely as an employee of the Debtor1 :\n\n- a. Ms. Cyganowski shall oversee the sale of the Residence through a conventional bankruptcy-type sale process for the Debtor in consultation with Bravo Luck and PAX. Ms. Cyganowski is not a chapter 11 trustee or examiner and is being hired strictly as an employee of the Debtor and Ms. Cyganowski will not render any legal advice or counsel.\n- b. Ms. Cyganowski shall select the real estate broker (\"Broker\") on behalf of the Debtor, subject to the right of Bravo and PAX to object. The broker shall have expertise selling luxury residential Manhattan real estate and employed by the Debtor's Bankruptcy Estate. Bravo Luck and PAX shall be allowed to recommend and interview parties to fill the role of Broker in conjunction with Ms. Cyganowski.\n- c. Ms. Cyganowski shall also oversee the establishment of a marketing program and sales procedures for the Debtor that are designed to maximize value of the Residence. Procedures and the ultimate approval of any sale shall be subject to further application to the Court to be filed by the Debtor's counsel.\n- 11. In sum, Ms. Cyganowski is being hired as an employee and designated sale\n\nofficer to lead the Debtor's efforts to sell the Residence with delineated functions as set forth in the Renewed Settlement Agreement.\n\n# **Ms. Cyganowski's Disinterestedness**\n\n12. Although the hiring of Ms. Cyganowski is being done under 11 U.S.C. § 363, she has no disqualifying relationships involving any creditors or parties in interest, and otherwise qualifies as a \"disinterested person\" within the meaning of Section 101(14) of the Bankruptcy Code to the extent applicable.\n\n13. To the best of the Debtor's knowledge, information, and belief, Ms. Cyganowski: (a) has no prior or current connection with the Debtor, its creditors, any member of the Kwok\n\n### 20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 5 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 6 of 25\n\nfamily, or other parties in interest; and (b) does not hold any interest adverse to the Debtor, the Debtor's estate, PAX or Bravo Luck.\n\n### **Terms of Compensation**\n\n14. As set forth in the renewed Employment Letter, Ms. Cyganowski has requested and will be paid on an hourly basis predicated on a current billing rate of \\$1,400 per hour. Ms. Cyganowski has agreed that her compensation shall be paid from the sale proceeds generated from the sale of the Residence, and the Debtor shall seek authorization to pay her fees and expense in connection with a future application to sell the Residence. Pending a sale of the Residence, Ms. Cyganowski shall accrue her fees and expenses as an administrative expense claim.\n\n### **Basis for Granting Application to Hire Ms. Cyganowski**\n\n15. The legal predicates for Ms. Cyganowski's hiring have already been extensively briefed and analyzed in this Court's September 1, 2021 Decision. Essentially, the Debtor's authority to hire Ms. Cyganowski flows from the Debtor's ability to sell the Residence pursuant to Section 363 of the Bankruptcy Code. Section 363(b)(1) of the Bankruptcy Code provides, in relevant part, that a debtor in possession, \"after notice and a hearing, may use, sell, or lease, other than in the ordinary course of business, property of the estate.\" 11 U.S.C. § 363(b)(1). Under Section 363(b), courts require only that the debtor \"show that a sound business purpose justifies such actions.\" *In re Montgomery Ward Holding Corp.*, 242 B.R. 147, 153 (D. Del. 1999) (internal citations omitted); *see also In re Elpida Memory, Inc.*, No. 12-10947 (CSS), 2012 WL 6090194, at \\*5 (Bankr. D. Del. Nov. 20, 2012) (noting that it is \"well-settled\" that a debtor may use its assets outside the ordinary course where such use \"represents the sound exercise of\n\n <sup>1</sup> The Court is respectfully referred to the renewed settlement agreement for a complete recitation of the terms.\n\n### 20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 6 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 7 of 25\n\nbusiness judgment\"); *In re Phoenix Steel Corp.,* 82 B.R. 334, 335–36 (Bankr. D. Del. 1987) (stating that judicial approval under Section 363 of the Bankruptcy Code requires a showing that the proposed action is fair and equitable, in good faith, and supported by a good business reason). Moreover, \"[w]here the debtor articulates a reasonable basis for its business decisions (as distinct from a decision made arbitrarily or capriciously), courts will generally not entertain objections to the debtor's conduct.\" *In re Johns-Manville Corp.*, 60 B.R. 612, 616 (Bankr. S.D.N.Y. 1986) (citation omitted); *see also In re Tower Air, Inc.*, 416 F.3d 229, 238 (3d Cir. 2005) (stating that \"[o]vercoming the presumptions of the business judgment rule on the merits is a near-Herculean task\").\n\n16. The decision to hire Ms. Cyganowski, having been made with the approval of the Debtor's major creditors, should be approved and authorized because it is based on a sound exercise of the Debtor's business judgment, and her employment is in the best interest of the Debtor's estate and creditors consistent with the Revised Settlement.\n\n### **The Revised Settlement and Revised Order Approving the Debtor's Hiring of Ms. Cyganowski Should Each Be Approved**\n\n17. This Court previously found in its September 1, 2021 decision that the initial settlement was reasonable and met the *Iridium* factors for approval of settlements. As the Court stated:\n\n> The sixth Iridium Factor is not relevant to this matter. The Settlement Agreement falls comfortably within the scope of the remaining factors . . . The Court finds that the Settlement Agreement is fair and equitable and is in the best interests of the Debtor's estate and creditors.\n\n18. However, as noted, the Court declined to approve the settlement because of its concerns relating to Ms. Cyganowski's retention. Since the Revised Settlement fully addresses these concerns, as detailed above, the Debtor respectfully submits that the Revised Settlement should now be approved, together with Ms. Cyganowski's employment.\n\n6\n\n### 20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 7 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 8 of 25\n\n19. The final terms of the Revised Settlement (including the revised terms relating to hiring of Ms. Cyganowski) have been reviewed with the Office of the U.S. Trustee and all objections have been resolved. Accordingly, the Debtor is seeking Bankruptcy Court approval of these motions based upon a Notice of Presentment as authorized during the hearing on September 22, 2021. Any other creditor or party in interest having an objection may file the same prior to the presentment date, which then will be heard on October 20, 2021\n\nWHEREFORE, the Debtor respectfully prays for the entry of the pre-fixed Orders.\n\nDated: New York, New York September 24, 2021\n\n> GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP Attorney for the Debtor 1501 Broadway, 22nd Floor New York, New York 10036 (212) 221-5700\n\nBy: /s/ Kevin J. Nash, Esq.\n\n### **SECOND AMENDED AND RESTATED SETTLEMENT AGREEMENT**\n\nThis Second Amended and Restated Settlement Agreement (the \"**Settlement Agreement**\") is entered into as of September 24, 2021, by and among Genever Holdings, LLC, (\"**Debtor**\"), Pacific Alliance Asia Opportunity Fund L.P. (\"**PAX**\") and Bravo Luck Limited (\"**Bravo Luck**\") (each a \"**Party**\" and collectively, the \"**Parties**\").<sup>1</sup>\n\n### **W I T N E S E T H:**\n\nWHEREAS, on October 12, 2020, Debtor filed its Chapter 11 Case.\n\nWHEREAS, on December 16, 2020, PAX filed its motion to *Modify the Automatic Stay to Proceed with State Court Action and Related Relief* (the \"**Lift Stay Motion**\") [Dkts 12-14], which included, *inter alia*, a request to try PAX's veil piercing claims against the Debtor in the State Court Action.\n\nWHEREAS, on January 5, 2021, the Debtor filed a response to the Lift Stay Motion and Bravo Luck also filed its objection thereto [Dkts 21 and 22].\n\nWHEREAS, on January 12, 2021, PAX filed its motion for an *Order Under 11 U.S.C. 1112(b) Converting the Debtor's Case to a Case Under Chapter 7 or, in the Alternative, for an Order Under 11 U.S.C. 1104(a) Appointing a Trustee to Administer the Debtor's Estate* (\"**Conversion Motion**\") [Dkts 35-37].\n\nWHEREAS, on May 10, 2021, the Debtor filed its opposition to the Conversion Motion [Dkt 84] and on January 27, 2021, Bravo Luck filed its opposition to the Conversion Motion [Dkt 44].\n\nWHEREAS, the Debtor, PAX and Bravo Luck entered in a settlement agreement on February 26, 2021 (the \"**Initial Agreement**\") to resolve the Lift Stay Motion and Conversion Motion, and to establish procedures for the sale of the Residence through the Chapter 11 Case while preserving the rights of all Parties.\n\nWHEREAS, the Debtor moved (the \"**Motion**\") for approval of the Initial Agreement entered into on February 26, 2021 pursuant to Bankruptcy Rule 9019(a) [Dkt 62].\n\nWHEREAS, with approval from PAX and Bravo Luck, the Debtor also moved to retain Melanie L. Cyganowski (Ret.) (hereinafter, \"**Ms. Cyganowski**\") as the Sales Officer for purposes of settlement pursuant to 11 U.S.C. §§105 and 363(b) [Dkt 72] (the \"**Motion to Appoint Ms. Cyganowski**\").\n\n<sup>1</sup> Capitalized terms shall have the meaning provided below, or if not otherwise defined, in the Motions.\n\n#### 20-12411-jlg Doc 131-1 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit A - Revised Settlement Agreement Pg 2 of 12 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 10 of 25\n\nWHEREAS, in support of the Motion to Appoint Ms. Cyganowski, the Debtor filed the Declaration of Disinterestedness by Melanie L. Cyganowski dated April 12, 2021 [Dkt. 73] (the \"**Cyganowski Declaration**\").\n\nWHEREAS, the Office of the U.S. Trustee (\"**UST**\") previously objected to the Initial Agreement, and the Parties thereafter agreed to amend and modify the Initial Agreement to attempt to address the concerns and objections raised by the UST (the \"**Amended Settlement**\").\n\nWHEREAS, the Bankruptcy Court issued a decision dated September 1, 2021 finding, in the main, that the Amended Settlement met the standards of Bankruptcy Rule 9019(a), but denying the Debtor's motions due to certain issues relating to Ms. Cyganowski also providing legal advice directly to the Debtor or with the assistance of the Otterbourg P.C. law firm without retention under 11 U.S.C. § 327.\n\nWHEREAS, the Parties have again further modified the Amended Settlement as provided herein to address the Court's concerns as set forth in its decision dated September 1, 2021 and to address the objections of the UST in a continuing effort to resolve their differences as described herein without resorting to further litigation, and, as a result of negotiations among the Parties, the Parties have agreed to resolve the Lift Stay Motion and the Conversion Motion, as well as establish procedures for the sale of the Residence through the Chapter 11 Case while preserving the rights of all Parties, as set forth below.\n\nNOW, THEREFORE, for the consideration of the promises and the mutual covenants contained herein, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby CONSENT, AGREE, and STIPULATE as follows:\n\n1. *Definitions*. Capitalized terms used herein but not otherwise defined shall have the following meanings:\n\na. **\"Approval Order\"** shall mean the order entered by the Bankruptcy Court granting the Motion and approving this Settlement Agreement.\n\nb. \"**Bankruptcy Court**\" shall mean the United States Bankruptcy Court for the Southern District of New York.\n\nc. \"**BVI**\" shall mean the British Virgin Islands.\n\nd. \"**BVI Litigation**\" shall mean those certain actions filed by PAX in the BVI in 2020 under case No. BVIHCM 2020/0137 against: (i) Genever BVI, (ii) Bravo Luck, (iii) Kwok, and (iv) Guo, seeking, among other things, to enforce (a) the Judgment arising in the State Court Action; and (b) the Defense and Counterclaim filed on January, 14, 2021, by Bravo Luck and Guo against PAX.\n\ne. **\"Chapter 11 Case\"** shall mean the underlying chapter 11 bankruptcy case captioned *GENEVER HOLDINGS LLC.,* filed by the Debtor in the Bankruptcy Court, case number 20-12411.\n\nf. \"**Effective Date**\" shall mean the date on which the Approval Order has been entered by the Bankruptcy Court and is a final order.\n\ng. \"**Genever BVI**\" shall mean Genever Holdings Corporation, a British Virgin Islands corporation and 100% owner of the Debtor.\n\nh. \"**Guo**\" shall mean Qiang Guo.\n\ni. \"**Kwok**\" shall mean Kwok Ho Wan aka Miles Kwok.\n\nj. \"**Operating Agreement**\" shall mean the Limited Lability Company Agreement of the Debtor dated February 13, 2015, as amended by the Resolution, pursuant to section 23 therein.\n\nk. \"**Residence**\" shall mean the entire 18th floor apartment and auxiliary units in the Sherry Netherland Hotel located at 781 Fifth Avenue, New York, New York 10022.\n\nl. \"**Resolution**\" shall mean the corporate resolution previously passed by the Debtor as referenced in the Court's September 1, 2021 decision regarding the hiring of Ms. Cyganowski as an employee to serve as the Debtor's Sales Officer as provided hereunder.\n\nm. \"**Sale Motion**\" shall mean a motion to be filed by the Debtor seeking approval by the Bankruptcy Court to sell the assets of the Debtor, including but not limited to, the Residence, and for approval of sale procedures in connection with same.\n\nn. \"**Sales Officer Hiring Order**\" shall mean the separate order entered by the Bankruptcy Court approving the renewed Motion to hire Ms. Cyganowski pursuant to this Settlement Agreement.\n\no. \"**Sherry-Netherland Co-Op Board**\" shall mean the cooperative board of the Sherry-Netherland.\n\n2. *Appointment of the Designated Sales Officer*. Debtor hereby (i) exercises it business judgment to hire and appoint Ms. Cyganowski solely as an employee to serve as the Debtor's Sales Officer (the \"**SO**\") pursuant to Sections 9.3 and 23 of the Operating Agreement and the Resolution and (ii) designates authority to Ms. Cyganowski as SO solely to control and oversee the sale of the Residence as provided hereunder and without subjecting Ms. Cyganowski to any other duties or responsibilities. Ms. Cyganowski's employment, as set forth in this Settlement Agreement, shall be approved by the Bankruptcy Court pursuant to the Sales Officer Hiring Order. Pursuant to the Operating Agreement, Bankruptcy Code Section 363, and this Settlement Agreement, the Debtor may only revoke or terminate Ms. Cyganowski's hiring upon further Order of the Bankruptcy Court. The Parties believe that Ms. Cyganowski has the requisite expertise selling luxury residential Manhattan real estate and co-ops through a bankruptcy process. Ms. Cyganowski is acceptable to the Debtor, Bravo Luck, and PAX. Ms. Cyganowski as SO will oversee and interface with the retained real estate broker as provided below, and shall have the final authority as delegated by the Debtor hereunder and in the\n\n#### 20-12411-jlg Doc 131-1 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit A - Revised Settlement Agreement Pg 4 of 12 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 12 of 25\n\nResolution, subject to Bankruptcy Court approval with right of objection by Bravo Luck and PAX, over the Debtor's decision making, sale process and the selection of (i) Qualified Buyer (defined below) and Qualified Offer (defined below) and (ii) successful and backup offers for the sale of the Residence. In the exercise of such powers, the SO shall consult with the Debtor, Bravo Luck and PAX. The SO is not acting as a lawyer for the Debtor and is not a chapter 11 trustee or examiner but shall have the same type of powers utilized by a trustee in bankruptcy, limited strictly to the terms of employment hereunder and without displacing the Debtor from its role as a debtor in possession.\n\n3. *Broker*. The SO shall select the real estate broker(s) (the \"**Broker**\") to be retained and employed by the Debtor's estate in the SO's business judgment as delegated by the Resolution, in consultation with the Parties, and subject to the right of Bravo Luck and PAX to object. Bravo Luck and PAX shall be allowed to propose/recommend parties to the SO for the role of Broker. Bravo Luck and PAX shall have the right to interview the prospective Brokers. Bravo Luck and PAX shall consult with the Broker and the SO for purposes of establishing the timing and realization of maximum value for the Residence. The Broker will be compensated consistent with market terms, subject to Bankruptcy Court approval with right of objection by Bravo Luck and PAX. The SO will consult Bravo Luck and PAX regarding Broker's compensation. Broker shall be disinterested and free of conflicts, as described below. A draft Broker Agreement and Affidavit of Disinterest shall be provided to Bravo Luck and PAX for review and comment prior to filing by the Debtor, which shall include disclosure of all past and present conflicts, connections, and financial relationships between the Broker, and its representatives, with Miles Kwok, members of Kwok's family and their respective counsel, associates, affiliates and interests, as well as any past connection with Bravo Luck and PAX as well as their respective counsel, associates, affiliates and interests. Broker shall have expertise selling luxury residential Manhattan real estate.\n\n4. *Marketing Terms*. The Parties agree to the following terms for the marketing of the Residence, with the specific terms to be established by the SO in consultation with the Debtor and as provided below:\n\na. Floor price to be set by the SO for minimum offers for any sale in consultation with Bravo Luck and PAX.\n\nb. The SO may consider imposing limitations on an insider offer or by PAX or an affiliate thereof, in consultation with Bravo Luck and PAX.\n\nc. The Broker shall fully disclose all fees, costs and any other direct or indirect compensation to be received by the Broker and its representatives.\n\nd. The SO shall coordinate with the Broker in consultation with the Debtor, Bravo Luck and PAX on protocols for sale of the Residence, including staging, marketing strategy and process, identifying prospective buyers, international outreach, setting floor and target sale price, counteroffers, negotiated concessions, etc. and coordination with the Sherry-Netherland, as necessary.\n\ne. Other protocols and procedures for sale of the Residence shall be developed by the SO and the Broker in consultation with the Debtor, Bravo Luck and PAX, including duration, minimum sale price, target sale price, and time, place, and\n\n#### 20-12411-jlg Doc 131-1 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit A - Revised Settlement Agreement Pg 5 of 12 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 13 of 25\n\nmanner of any sale of the Residence. Notwithstanding anything contained herein to the contrary, the duration of the sale process shall be limited to 180 days from the retention of the Broker, subject to extension upon written agreement of the Debtor, Bravo Luck and PAX, or by further order of the Court for cause shown.\n\nf. Parties residing at the Residence shall make the Residence available for showing upon 24 hours advance notice.\n\n5. *Sales Procedures*. The Parties agree to the following regarding the sale of the Residence:\n\na. The sale shall be in cash payable at closing and shall be subject to higher and better offers. If more than one Qualified Offer is received, the SO, in consultation with the Debtor, Bravo Luck and PAX, shall schedule an auction at which all Qualified Buyers can participate.\n\nb. Selection of the winning Qualified Buyer shall be made by the SO in consultation with the Debtor, the Broker, Bravo Luck and PAX.\n\nc. Sale shall be subject to Bankruptcy Court approval of a Sale Motion to be prepared and filed by the Debtor; draft of such motion to be provided to Bravo Luck and PAX for review and approval prior to filing.\n\nd. Notwithstanding any other provision of this Settlement Agreement, and subject to applicable law, the sale of the Residence shall be subject to assignment of that certain Proprietary Lease by and between the Sherry-Netherland and the Debtor (the \"Proprietary Lease\"); all rights and obligations of the parties, whether under the Proprietary Lease or under applicable law, are expressly reserved.\n\ne. Bravo Luck and PAX shall have access to the SO and the Broker and shall be kept fully informed regarding the status of the sale process, all offers received, and all material issues relating to the negotiation and eventual sale of the Residence.\n\nf. The sale process shall include consultation rights for the Debtor, Bravo Luck and PAX, with the SO to have final authority in the event of any dispute pursuant to the authority granted to Ms. Cyganowski as an officer under Section 9.3 of the Operating Agreement.\n\ng. Gross proceeds of sale less customary closing costs and expenses (including fees and expenses of the SO without further order of the Bankruptcy Court and the reasonable fees and expenses of the Broker subject to approval by the Bankruptcy Court upon notice to all Parties), without other deduction, shall be placed in escrow as provided below, subject to release solely with Bankruptcy Court approval on prior notice, including prior notice to Bravo Luck and PAX. Notwithstanding the foregoing, Ms. Cyganowski shall have no control over, or obligations with regard to, the gross proceeds of the sale or the escrow account, which shall be held by an escrow agent in accordance with this paragraph, and only released upon further order of the Bankruptcy Court upon notice to the Parties.\n\nh. Gross proceeds of sale, as described above, shall be deposited in a nationally recognized collateralized bank reasonably acceptable to the Debtor, Bravo Luck and PAX and subject to Bankruptcy Court approval.\n\ni. Sherry-Netherland Co-op Board shall be consulted to confirm process and timing for Board approvals necessary to conduct and complete the sale of the Residence.\n\n6. *Approval Powers*. The SO shall oversee the sale process, and the Residence shall be initially marketed through the Broker in a commercially reasonable manner consistent with the stature of the Residence in an effort to identity one or more acceptable competing offers (each, a \"**Qualified Offer**\") from one or more acceptable competing buyers (each, a \"**Qualified Buyer**\"). An auction may be conducted if the SO determines it would result in a higher and better offer or upon further order of the Bankruptcy Court. The SO shall have the final approval power after prior consultation with the Debtor, Bravo Luck and PAX, and subject to Bankruptcy Court approval with right to object by Bravo Luck and PAX, regarding the marketing and sale of the Residence, including the following:\n\na. To decide the sale process, whether through traditional means, private sale, auction, a combination thereof, or other process;\n\nb. To determine which potential buyers are Qualified Buyers;\n\nc. To determine which offers are Qualified Offers;\n\nd. To schedule an auction and determine the auction process, if necessary, including break-up fees, required overbids and other procedures;\n\ne. To determine which Qualified Offer is the highest and otherwise best offer and which is the next highest and otherwise best offer;\n\nf. To reject any offer that is (i) inadequate or insufficient, (ii) not in conformity with the requirements of the Sales Procedures (as set forth in section 5 above) or the requirements of the Bankruptcy Code, or (iii) contrary to the best interests of the Debtor and its estate;\n\ng. To waive any term and condition set forth herein with respect to any potential buyer;\n\nh. To impose additional terms and conditions with respect to any potential buyer and the successful purchaser;\n\ni. To extend the deadlines set forth herein;\n\nj. To, except, as set forth herein, adjourn or cancel any auction and/or sale hearing without further notice;\n\nk. To modify the Sales Procedures; and/or\n\nl. To withdraw the Sale Motion at any time with or without prejudice.\n\n# 7. *Stay Relief, Maintenance, Fees and Other Terms*.\n\na. Stay relief is granted to allow PAX to prosecute, and the Debtor to defend, the state court action currently pending in the New York Supreme Court under Docket No. 652077/2017 (the \"**State Court Action**\"), with the stay to otherwise remain in place for all other purposes, including relating to enforcement or collection of any judgment entered against the Debtor in the State Court Action, pending further order of the Bankruptcy Court upon further notice to all Parties. Nothing herein shall be construed as an acknowledgment of the appropriate forum outside the bankruptcy court to address any such issues, with all Parties' rights expressly reserved.\n\nb. Nothing herein shall prejudice the rights of any party, including Bravo Luck and PAX to proceed with the BVI Litigation, provided that PAX, Bravo Luck, Kwok, Guo or any of his or its affiliates reserve the right to assert claims in the Bankruptcy Court relating to its status as a creditor of the Debtor, and PAX reserves all rights to oppose such claims on any grounds. In addition, notwithstanding anything contained herein to the contrary, nothing in this Agreement shall prejudice the rights of any Party, including Bravo Luck and PAX, from proceeding with any and all claims, if any, against anyone, including Bravo Luck, Kwok, Guo, or any of his or its affiliates, and PAX or any of its affiliates, in BVI, State Court, or otherwise, and Bravo Luck and PAX reserve all rights to oppose such claims in the applicable forum.\n\nc. PAX shall withdraw its Conversion Motion expressly as provided below. PAX will not support or encourage a motion for the appointment of a trustee or conversion by any other party herein. However, notwithstanding anything contained herein to the contrary, to the extent any substantive term of this Settlement Agreement is breached by the Debtor, Bravo Luck, Kwok, Guo, or any of their related entities, there shall be no limitation on PAX's right to renew or file its Conversion Motion, including appointment of a trustee, nor will there be any limitation upon the Debtor's or Bravo Luck's right to oppose such action on any ground, including inter alia, that such breach did not occur. To the extent PAX breaches any substantive term under this Agreement, then PAX shall have no further right to renew or file its Conversion Motion, including appointment of a trustee, provided however, that there shall be no limitations upon PAX's right to seek a Bankruptcy Court declaration that such breach did not occur. Other than as expressly provided for under this Agreement, all Parties' rights and remedies are expressly reserved.\n\nd. Recommendation and Appointment of the SO: In connection with execution of this Settlement Agreement, the Debtor, Bravo Luck and PAX have previously agreed upon Ms. Cyganowski as the designed SO. In the event that paragraph 27(D)(f) is triggered, then Bravo Luck and PAX shall designate a total of four candidates for consideration as the designed SO, two by Bravo Luck and two by PAX (total of four by all Parties) (the \"**List**\"). The Parties shall confer to select an agreed SO from such List. If an agreement on selection of an SO cannot be reached by the Parties, then the Bankruptcy Court shall appoint the SO from such List, unless the Court finds an irreconcilable conflict to exist, after which the Office of the United States Trustee, after\n\nconsultation with Bravo Luck and PAX, may submit recommendations to the Court for other independent and disinterested persons to serve as SO.\n\ne. Stay relief is confirmed to allow the Sherry-Netherland to apply all accrued and owing post-petition maintenance fees and assessments as of the date hereof, and thereafter on a monthly basis, from the current security deposit, with the stay to otherwise remain in place for all other purposes.\n\n8. *Bankruptcy Court Approval.* This Settlement Agreement is subject to approval by the Bankruptcy Court and shall only be effective and binding on and from the Effective Date. The Parties hereby agree to waive the 14-day appeal period with respect to the effect of the Approval Order. The Debtor shall request that the Bankruptcy Court make the Approval Order a final, non-appealable order immediately upon entry. Bravo Luck and PAX have and shall continue to take all reasonable steps to seek approval of the Settlement Agreement and entry of the Approval Order and defend against any objections to this Settlement Agreement or appeals from the Approval Order.\n\n9. *Conditions Precedent*. The obligations of the Parties set forth in this Settlement Agreement are subject to the occurrence of the Effective Date. If the Bankruptcy Court declines to enter the Approval Order, or if the Approval Order is vacated or reversed on appeal, this Settlement Agreement shall be of no further force or effect, and each of the Parties' respective interests, rights, remedies and defenses shall be restored without prejudice as if this Settlement Agreement had never been formed and concluded/entered.\n\n10. *Representations and Warranties*. Each Party represents and warrants to the other Parties that: (a) it is authorized to execute and deliver this Settlement Agreement and perform its obligations hereunder; (b) each believes its own best interests are served by settling the matters encompassed by this Settlement Agreement, as provided in this Settlement Agreement; (c) no promise, agreement, inducement, representation, or warranty has been offered to any Party except as expressly provided in this Settlement Agreement; (d) this Settlement Agreement is not in violation of or in conflict with any other agreement of any Party; (e) this Settlement Agreement is executed voluntarily with full knowledge of the consequences and implications of the terms and obligations contained herein; (f) each Party has been represented by counsel of that Party's choice throughout the negotiations that preceded the execution of this Settlement Agreement, and in connection with the preparation and execution of this Settlement Agreement; (g) each Party has carefully and thoroughly reviewed this Settlement Agreement in its entirety and has resolved all questions concerning the meaning, legal nature, and binding effect of this Settlement Agreement with counsel of each Party's choosing; and (h) this Settlement Agreement is contractual and not merely recital, and that each Party has read, understands, and fully agrees to the terms of this Settlement Agreement.\n\n11. *No Admission of Liability*. Nothing in this Settlement Agreement shall be construed as an admission of liability or fault by any Party, and such liability and fault are expressly denied.\n\n12. *Further Assurances*. Each Party shall execute and deliver any document or instrument reasonably requested by another Party after the date of this Settlement Agreement to effectuate the intent of this Settlement Agreement.\n\n13. *Assignment*. No Party may assign any of its respective benefits, obligations or liabilities under or in respect of this Settlement Agreement without (a) the prior written consent of each other Party, which may be withheld in its absolute discretion, or (b) by order of the Bankruptcy Court.\n\n14. *Successors*. This Agreement shall be binding upon and inure to the benefit of each Party and its respective successors, heirs, estates and personal representatives.\n\n15. *Amendments.* This Agreement may be modified or amended only by a writing signed by a duly authorized representative of each Party hereto.\n\n16. *Integration*. The provisions of this Settlement Agreement are integrated, essential and non-severable terms of this Settlement Agreement.\n\n17. *Counterparts; Facsimile Signatures*. This Settlement Agreement may be executed in counterparts, each such counterpart will constitute an original document and such counterparts, taken together, will constitute one and the same document. Electronically transmitted or facsimile copies shall be deemed to be originals.\n\n18. *Headings*. The headings of this Settlement Agreement are inserted solely as a matter of convenience and for reference and do not define, limit or describe the scope of this Settlement Agreement or the scope or content of any of its provisions.\n\n19. *Governing Law*. This Settlement Agreement shall be governed by and construed in accordance with the Bankruptcy Code.\n\n20. *Continuing Jurisdiction*. The Bankruptcy Court shall retain jurisdiction to resolve any dispute relating to the interpretation or enforcement of this Settlement Agreement.\n\n21. *Entire Agreement*. This Settlement Agreement constitutes the entire agreement and understanding of the Parties regarding this Settlement Agreement and the subject matter thereof.\n\n22. *Dual Construction*. If any provision of this Settlement Agreement may be construed in two or more ways, one of which would render the provision invalid or otherwise voidable or unenforceable and another of which would render the provision valid and enforceable, such provision shall have the meaning that renders it valid and enforceable.\n\n23. *All Parties Drafted the Settlement Agreement*. The rule of construction that provides that ambiguities in a contract shall be construed against the drafter shall not apply to this Settlement Agreement because each Party drafted its terms, and all Parties waive applicability of such rule of construction in interpreting this Settlement Agreement.\n\n#### 20-12411-jlg Doc 131-1 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit A - Revised Settlement Agreement Pg 10 of 12 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 18 of 25\n\n24. *Conferring Benefits.* Nothing in this Settlement Agreement shall be construed to confer any benefit upon any person or entity, other than the Parties.\n\n25. *Recitals.* The recitals are true and correct and are incorporated herein as if set forth at length.\n\n26. *Time Is of the Essence.* Time is of the essence in relation to this Settlement Agreement.\n\n27. *Additional Provisions to address the Concerns and Objections of the UST*\n\nA. The Debtor is authorized to hire Ms. Cyganowski as an employee to serve as the designated SO under its Operating Agreement as amended and bylaws to carry out the specific duties and obligations set forth in this Settlement Agreement, and has hired Ms. Cyganowski pursuant to the Resolution.\n\nB. Ms. Cyganowski will be paid on an hourly basis predicated on a current billing rate of \\$1,400 per hour with all of her compensation to be treated as an administrative expense claim in accordance with Section 503 of the Bankruptcy Code. The Debtor shall seek authorization to pay Ms. Cyganowski her fees and expenses in connection with an application to sell the Residence.\n\nC. The rights, duties and obligations of the SO shall be carried out without the necessity for further approvals from the Debtor's member(s) and manager(s) as such approvals have already been given by the Debtor in the exercise of its business judgment; provided, that, the SO shall report periodically to the Debtor's member(s) and manager(s); and approval of the highest and best offer for the sale of the Residence shall be subject to further order of the Bankruptcy Court upon notice.\n\nD. The Debtor's hiring of Ms. Cyganowski as the SO in accordance with this Settlement Agreement, as approved by the Bankruptcy Court, shall be subject to the following general limitations.\n\na. Ms. Cyganowski (and any agent and/or related entity) shall not act in any other capacity (for example, and without limitation, as a lawyer, counsel, financial advisor, examiner, trustee or investor/acquirer) in connection with the Chapter 11 Case.\n\nb. Solely upon written consent of the Debtor, Bravo Luck and PAX and by written motion to the Bankruptcy Court upon notice, the Debtor may seek to (i) have Ms. Cyganowski assume duties that are different than the functions envisioned in the Settlement Agreement, (ii) materially change the terms of the engagement, (iii) modify the functions provided thereunder, (iv) add new executive officers, or (v) altering or expanding the scope of the engagement (except neither Ms. Cyganowski nor Otterbourg P.C. shall provide legal services to the Debtor).\n\nc. No principal or employee associated with Ms. Cyganowski shall serve as a director of the Debtor during the pendency of the above-captioned case.\n\nd. From time to time periodically, and at least twenty (20) days in advance of any payment hereunder, the Debtor shall file or cause to be filed with the Bankruptcy Court and provide notice to parties having filed notices of appearance (the UST, Bravo Luck, and PAX) in this Chapter 11 Case, reports of Ms. Cyganowski's earned compensation and expenses.\n\ne. Ms. Cyganowski, and her agents, shall be entitled to advancement and indemnification by the Debtor's estate in like manner as any of the Debtor's officers for all judgments, costs, and expenses, including reasonable legal fees (which shall be paid under the indemnity after court approval as they arise), arising from or related to any and all claims of whatsoever type brought against any of them in their capacity as SO or her agent, except for gross negligence, willful misconduct, fraud, or breach of fiduciary duty determined by a final order no longer subject to appeal. Nothing herein shall limit any defenses of Ms. Cyganowski allowed by law or deprive her of indemnity for any act or omission for which she has a defense. Ms. Cyganowski shall be added to the Debtor's existing liability policy with AIG Property and Consulting Company as an additional insured.\n\nf. In the event of death, incapacity, resignation, or removal, a replacement SO shall be selected through the same process as the initial selection of the SO in accordance with this Settlement Agreement and further order of the Bankruptcy Court.\n\nE. Ms. Cyganowski, in consultation with the Debtor, PAX and Bravo Luck, shall make decisions in accordance with the terms of this Settlement Agreement regarding the sale and marketing of the Residence, utilizing her business judgment and subject to Bankruptcy Court approval of the sale of the Residence pursuant to 11 U.S.C. §363(b) and (f), and 1123. The Debtor has amended the Operating Agreement to and hereby reconfirm (i) the hiring of Ms. Cyganowski as SO to carry out all of the duties and responsibilities as provided herein; (ii) that the Debtor cannot revoke Ms. Cyganowski's hiring and/or authority as SO without Bankruptcy Court approval; and (iii) that in the event of death, incapacity, resignation, or removal, a replacement SO shall be selected in accordance with this Settlement Agreement. Notwithstanding the foregoing, nothing contained herein shall divest the Debtor from its duties as a debtor-in-possession.\n\nF. To the extent there is inconsistency between the terms of this Settlement Agreement, the Motion, the Engagement Letter and the Order approving this Settlement Agreement, the terms of this Settlement Agreement shall govern.\n\n[Signatures on the following page]\n\n#### 20-12411-jlg Doc 131-1 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit A - Revised Settlement Agreement Pg 12 of 12 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 20 of 25\n\nDated: September 24, 2021\n\nGenever Holdings LLC\n\nBy: */s/Kevin J. Nash* Kevin J. Nash Goldberg Weprin Finkel Goldstein LLP 1501 Broadway, 22nd Floor New York, NY 10022-5520 212-301-6944 [KNash@qwfglaw.com](mailto:KNash@qwfglaw.com) Attorneys for Debtor, Genever Holdings, LLC\n\nPacific Alliance Asia Opportunity Fund L.P.\n\nBy: */s/ Douglas E. Spelfogel* Douglas E. Spelfogel Foley & Lardner LLP 90 Park Avenue New York, NY 10016-1314 212-682-7474 [dspelfogel@foley.com](mailto:dspelfogel@foley.com)\n\nAttorneys for Pacific Alliance Asia Opportunity Fund L.P.\n\nBravo Luck Limited\n\nBy: */s/ Fran J. Lawall* Francis J. Lawall Troutman Pepper Hamilton Sanders LLP 3000 Two Logan Square Eighteenth and Arch Streets Philadelphia, PA 19103-2799 215-981-4000 [Francis.lawall@troutman.com](mailto:Francis.lawall@troutman.com) Attorneys for Bravo Luck Limited\n\n#### 20-12411-jlg Doc 131-2 Filed 09/24/21 Entered 09/24/21 14:15:06 Exhibit B - Engagement Letter Pg 1 of 5 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 21 of 25\n\n![](_page_20_Picture_1.jpeg)\n\n230 Park Avenue New York, NY 10169 otterbourg.com 212 661 9100\n\nMelanie L. Cyganowski Member of the Firm mcyganowski@otterbourg.com 212 905 3677\n\nSeptember 24, 2021\n\nYanping Wang Duly Authorized Representative of Genever Holdings LLC The Sherry-Netherland 781 Fifth Avenue Unit 1801 New York, New York 10022\n\n### Re: Genever Holdings LLC; Case No. 20-12411 (JLG)\n\nDear Mr. Wang:\n\nOn October 12, 2020, Genever Holdings LLC (the \"Company\") filed for bankruptcy relief with the United States Bankruptcy Court for the Southern District of New York (the \"Court\"), Case No. 20-12411 (JLG) (the \"Bankruptcy Case\"). The Company is currently operating as a debtor in possession under Chapter 11 of title 11 of the United States Code (the \"Bankruptcy Code\"). It is my understanding that on March 5, 2021, the Company filed a motion with the Court to approve a proposed settlement agreement by and among the Company, Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\") and Bravo Luck Limited (\"Bravo Luck\") [Dkt. No. 62] (the \"First Settlement Motion\") and also filed a motion to retain me as a designated Sales Officer on behalf of the Company's bankruptcy estate [Dkt. Nos. 72, 73] (the \"First Retention Motion\"). On September 1, 2021, the Court denied the First Settlement Motion and the First Retention Motion. [Dkt. No. 123].\n\nIn accordance with my discussions with Kevin J. Nash, Esq., bankruptcy counsel for the Company, I have been informed that the Company will be filing a second revised motion seeking approval of a second amended and revised settlement agreement (the \"Proposed Settlement\") by and among the Company, PAX, and Bravo Luck Limited, and that the Company seeks to hire me as the Sales Officer in connection with the Bankruptcy Case pursuant to a revised employment letter. This letter serves to confirm the revised understanding and agreement (the \"Agreement\") between the Company and me concerning my employment as the Sales Officer and also serves to set forth the terms and conditions of the employment, including the scope of services to be performed and the structure of compensation for those services.\n\n### Description of Services\n\n· In connection with this employment, I will serve as the Sales Officer on behalf of the Company with respect to the proposed sale (the \"Proposed Sale\") of the Company's ownership interest in the entire 18th floor apartment and auxiliary\n\n![](_page_21_Picture_1.jpeg)\n\n> units located at The Sherry-Netherland, 781 Fifth Avenue, New York, New York 10022 (the \"Residence\"), which interest according to the *Debtor's Declaration Pursuant to Local Bankruptcy Rule 1007-2*, dated October 6, 2020 [Dkt. No. 1], is \"memorialized by approximately 3,000 shares of Sherry Netherland cooperative stock and corresponding proprietary leases\".\n\n- · As Sales Officer, I will have the powers and duties set forth in the Proposed Settlement (as approved by the Court), solely to control and oversee the sale of the Residence as provided under the Proposed Settlement without subjecting me to any other duties or responsibilities.\n- · Solely upon written consent of the Company, Bravo Luck and PAX, and on notice to the Office of the U.S. Trustee with an opportunity to object, the Company may seek to have me assume duties that are different than the functions provided herein, or to expand into other areas or altering or expanding the scope of the employment, which relief shall be sought by motion to modify the retention filed with the Court;\n- · The Company expressly authorizes the Sales Officer to carry out all such duties and obligations as provided under the Settlement Agreement without further action by the Company.\n\n# Cooperation\n\n· The Company shall furnish to me and my agents all information in its possession or control relating to the Residence that the Company believes is relevant to the Proposed Sale of the Residence and shall furnish all information that I shall request in connection with my duties as Sales Officer.\n\n## Limitation of Duties\n\n- · I do not make any representation or guarantee of the amount of sale proceeds, if any, that could be or will be generated from the sale of the Residence.\n- · I shall not be responsible, obligated or liable for the payment of any taxes, fees, costs, expenses, maintenance or charges related to the Residence or the Company, and such taxes, fees, costs, expenses, maintenance or charges shall be solely the responsibility, obligation and liability of the Company's bankruptcy estate.\n\n![](_page_22_Picture_1.jpeg)\n\n- · I (and any agent and/or related entity) shall not act in any other capacity (for example, and without limitation, as a lawyer, counsel, financial advisor, examiner, trustee or investor/acquirer) in connection with the Chapter 11 Case. I shall not provide any legal advice to the Debtor\n- · The firm of Otterbourg P.C. is not being retained. Otterbourg P.C. makes no representations hereunder and will not incur any obligations hereunder.\n\n## Compensation\n\n- · My services will be paid on an hourly basis predicated on my current billing rate of \\$1,400 per hour. The Company shall seek authorization to pay my fees and expenses in connection with an application for the sale of the Residence. In connection with any increases in my rates, I shall file a supplemental declaration with the Court and provide ten business days' notice to the U.S. Trustee prior to any increase in rates. The supplemental declaration shall set forth the requested rate increases, explain the basis for the requested rate increase, and certify that the Company has consented to the requested rate increases.\n- · Disbursements to be billed to the Company include, but are not limited to, nonlocal telephone calls, facsimile and other telecommunication charges, transportation, copying, delivery and messenger services, computerized research (billed at the actual cost of such research) if required, and other disbursements.\n- · All fees and expenses incurred by me will be based upon my actual time charges and disbursements recorded or incurred. For purposes of this employment, such fees and expenses shall accrue pending a sale of the Residence and will be promptly paid from the sale proceeds generated from the sale of the Residence following the filing of an application.\n- · All fees and expenses incurred and accrued by me will be treated and allowed in this Bankruptcy Case as administrative expenses in accordance with the Bankruptcy Code. A summary of all such charges as accrued, shall be filed with the Court, and provided to any parties having filed notices of appearance and the U.S. Trustee on a periodic basis.\n- · I (and my agents) shall be entitled to advancement and indemnification by the Company's bankruptcy estate in like manner as any of the Debtor's other officers for all judgments, costs, reasonable expenses, including legal fees (which shall be paid under the indemnity after court approval as they arise), arising from or\n\n![](_page_23_Picture_1.jpeg)\n\n> related to any and all claims of whatsoever type brought against me in my capacity as Sales Officer, or my agents, except for gross negligence, willful misconduct, fraud, or breach of fiduciary duty determined by a final order no longer subject to appeal. Nothing herein shall limit any defenses allowed by law or deprive me of indemnity for any act or omission for which I have a defense. I shall be added to the Debtor's existing liability policy with AIG Property and Consulting Company as an additional insured.\n\n### Term\n\n· The employment will commence effective as of the date on which the Court enters an order approving my employment as Sales Officer on behalf of the Company and shall terminate upon the earlier of (i) the entry of a Court order dismissing the Bankruptcy Case, (ii) the entry of a Court order converting the Company's chapter 11 bankruptcy case to a case under chapter 7 of the Bankruptcy Code, and (iii) the entry of a Court order terminating my services as Sales Officer.\n\n### Court Approval\n\n· The Company shall use commercially reasonable efforts to obtain prompt approval from the Court of my employment as Sales Officer on behalf of the Company. Such Court approval shall provide for the employment to be effective as of the date on which the Court enters an order approving my employment as Sales Officer and shall incorporate all of the terms herein.\n\n### Miscellaneous\n\n· This Agreement, including, without limitation, the construction and interpretation thereof, and all claims, controversies and disputes arising under or relating thereto, shall be governed and construed in accordance with the laws of the State of New York, without regard to principles of conflict of law that would defer to the laws of another jurisdiction. The parties hereto agree to waive trial by jury in any action, proceeding or counterclaim brought by or on behalf of the parties hereto with respect to any matter relating to or arising out of the employment or the performance or non-performance of the Sales Officer hereunder. The parties hereto agree that the Bankruptcy Court shall retain exclusive jurisdiction to hear any dispute arising under this agreement and waive any and all personal rights under the law of any jurisdiction to object on any basis (including, without limitation, inconvenience of forum) to jurisdiction or venue in the Bankruptcy\n\n> Court SDNY for any disputes and/or litigation arising in connection with this Agreement.\n\n· This Agreement shall be binding upon the parties hereto, their respective heirs, successors, and assignees, including, without limitation, any Chapter 11 or Chapter 7 Trustee appointed.\n\nOn behalf of the Company, please confirm your agreement to this employment letter, by signing a copy of this letter on behalf of the Company and returning it to me. Of course if you have any questions or comments please call me to discuss them.\n\nVery truly yours,\n\n/s/ Melanie L. Cyganowski\n\nAGREED AND ACCEPTED:\n\n/s/ YANPING WANG Duly Authorized Representa[tive of Genever Holdings L](mailto:KNash@GWFGLaw.com)LC\n\nCC: Kevin J. Nash, Esq. (KNash@GWFGLaw.com)","body_zh":"附件 UCC-4\n\n关于准许债务人在 In re Genever Holdings, LLC（杰尼弗控股有限责任公司）, Case No. 20-12411 (JLG), United States Bankruptcy Court for the Southern District of New York（纽约南区美国破产法院）中提出的第二次续提动议，以批准经修订的和解协议的裁定，ECF No. 141\n\n美国破产法院 纽约南区 --------------------------------------------------------x\n\n关于： 第11章\n\nGenever Holdings LLC（杰尼弗控股有限责任公司）, Case No. 20-12411 (JLG)\n\n债务人。\n\n债务人的多项请求第二次续提动议：（i）批准与 BRAVO LUCK 和 PAX 达成的第二份修订及重述和解协议；以及（ii）仅聘用 MELANIE L. CYGANOWSKI 作为债务人破产财产的销售官员\n\nGenever Holdings LLC（“债务人”）就其多项请求第二次续提动议（“续提动议”）向本法院陈述并说明如下：（i）依据《破产程序规则》第9019(a)条，请求批准与 Pacific Alliance Asia Opportunity Fund L.P.（“PAX”）和 Bravo Luck Limited（“Bravo Luck”）达成的第二份修订及重述和解协议，其副本作为附件“A”附于本动议之后（“经修订的和解协议”）；以及（ii）依据 11 U.S.C. §§ 105 and 363，按照作为附件“B”附于本动议之后的经修订聘用函，仅聘用 Melanie L. Cyganowski（“Cyganowski 女士”）作为债务人破产财产的销售官员，并依据分别预先拟定的、批准经修订的和解协议以及相应聘用 Cyganowski 女士的经修订裁定；该等裁定正另行通知以供呈请。\n\n背景\n\n1. 债务人于 October 12, 2020 根据《破产法》第11章提交了自愿破产申请，此后依据 11 U.S.C. §§ 1107 and 1108，持续作为占有中的债务人占有并管理其资产。\n\n20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 2 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 3 of 25\n\n2. 债务人的主要资产包括位于 781 Fifth Avenue, New York, New York 10022 的 Sherry Netherland Hotel（谢里荷兰酒店）第18层公寓及附属单元（统称“该住宅”）。\n\n3. 债务人与 Pacific Alliance Asia Opportunity Fund L.P.（“PAX”）及 Bravo Luck Ltd.（“Bravo Luck”）达成了一项拟议和解协议，该协议尤其确立了在由债务人聘用的一名销售官员监督下出售该住宅的协商框架。各方同意选择 Melanie Cyganowski（梅拉妮·西加诺夫斯基）担任该职务，债务人此前曾请求破产法院批准该拟议和解协议以及聘用 Melanie Cyganowski 作为销售官员（见 ECF Nos. 62 and 72）。\n\n4. Office of the U.S. Trustee（美国受托人办公室）对两项动议均提出异议（ECF Nos. 94 and 103）。此后，各方就与此相关的若干问题提交了书面意见（见 ECF Nos. 76, 81, 83, 95, 96, 97, 99, 104, 105 and 106）。\n\n5. On September 1, 2021，破产法院就债务人的动议作出了一项全面裁决（“September 1, 2021 Decision”），认定：（i）该和解协议完全处于合理性范围之内，且符合债务人破产财产的最佳利益；（ii）债务人有权依据州法修改其经营协议以任命销售官员；以及（iii）债务人有权聘用 Cyganowski 女士担任销售官员。\n\n6. 然而，破产法院认为，Cyganowski 女士向债务人提供任何法律意见或建议，或在未依据 11 U.S.C. §327 聘用其所在律师事务所 Otterbourg P.C.（奥特堡律师事务所）的情况下利用该律所人员协助其工作，均存在某些问题。因此，破产法院最初基于此理由未批准两项动议中的任何一项。然而，就主要方面而言，为适用《破产程序规则》第9019条之目的，该拟议和解协议对法院而言似乎可以接受。\n\n20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 3 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 4 of 25\n\n7. 在收到 September 1, 2021 Decision 后，和解各方已对拟议聘用 Cyganowski 女士的安排作出修改，以处理上述问题，实质如下：\n\nCyganowski 女士应严格作为债务人的雇员受聘，不得向债务人提供任何法律意见或建议。\n\n债务人不得聘用 Otterbourg P.C. 律师事务所协助 Cyganowski 女士或以其他方式提供协助。\n\n8. 基于上述修改，和解各方现请求续提债务人的动议，以批准经修订的和解协议，并对聘用 Cyganowski 女士作出相应的相同修改。经修订的和解协议继续规定，在销售官员的监督下出售该住宅的议定框架；该销售官员将依据其作为债务人雇员的身份，指导出售和营销程序。经修订的和解协议与此前版本的和解协议基本相同，但已作出修改，以删除上文第7段中关于 Cyganowski 女士作为雇员身份的规定；（i）不得聘用 Otterbourg 律师事务所；以及（ii）Cyganowski 女士不得向债务人提供法律意见。另就 Cyganowski 女士的赔偿和报酬结构作出澄清，并进行了其他非实质性整理。因此，债务人已取得和解各方及美国受托人办公室对修订条款的同意，并主张本法院现应批准经修订的和解协议。\n\n续行聘用 Cyganowski 女士\n\n9. Cyganowski 女士是一位备受尊敬且经验丰富的人士，能够为销售官员职位带来稳定感和信心。事实上，各方一致同意 Cyganowski 女士是理想人选，因为其经验和判断力无可指摘。\n\n服务范围\n\n10. 依照本法院的 September 1, 2021 Decision，Cyganowski 女士将严格作为债务人的雇员，履行续行和解协议中更具体详述的下列服务¹：\n\na. Cyganowski 女士应在与 Bravo Luck 和 PAX 协商的情况下，通过债务人常规的破产类出售程序监督该住宅的出售。Cyganowski 女士不是第11章受托人或审查员，且其严格作为债务人的雇员受聘；Cyganowski 女士不会提供任何法律意见或建议。\n\nb. Cyganowski 女士应代表债务人选择房地产经纪人（“经纪人”），但 Bravo 和 PAX 保留提出异议的权利。该经纪人应具备出售曼哈顿豪华住宅房地产的专业知识，并由债务人的破产财产聘用。应允许 Bravo Luck 和 PAX 与 Cyganowski 女士共同推荐和面试填补经纪人职位的人选。\n\nc. Cyganowski 女士还应监督为债务人制定旨在最大化该住宅价值的营销方案和出售程序。该等程序以及对任何出售的最终批准，应由债务人的律师另行向本法院提交申请。\n\n11. 总而言之，Cyganowski 女士受聘为雇员并被指定为销售官员，以按照续提和解协议中规定的明确职能，领导债务人出售该住宅的工作。\n\nCyganowski 女士的无利害关系性\n\n12. 尽管聘用 Cyganowski 女士是依据 11 U.S.C. § 363 进行的，但她与任何债权人或利害关系方不存在任何导致其不具资格的关系，并且在适用范围内，符合《破产法》第101(14)条所称“无利害关系人”的资格。\n\n13. 据债务人所知、所获信息及所信，Cyganowski 女士：（a）与债务人、其债权人、Kwok family（郭氏家族）的任何成员或其他利害关系方均不存在此前或当前联系；以及（b）不持有任何与债务人、债务人破产财产、PAX 或 Bravo Luck 利益相冲突的权益。\n\n20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 5 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 6 of 25\n\n报酬条款\n\n14. 如续行聘用函所述，Cyganowski 女士已请求并将按小时获得报酬，其现行计费费率为 \\$1,400 per hour。Cyganowski 女士同意，其报酬应从出售该住宅所得的出售款项中支付，债务人应就出售该住宅的未来申请请求授权支付其费用和支出。在该住宅出售前，Cyganowski 女士的费用和支出应作为行政费用债权累计。\n\n批准聘用 Cyganowski 女士申请的依据\n\n15. 关于聘用 Cyganowski 女士的法律依据，已在本法院的 September 1, 2021 Decision 中得到广泛的书面论述和分析。实质上，债务人聘用 Cyganowski 女士的权限源于债务人依据《破产法》第363条出售该住宅的能力。《破产法》第363(b)(1)条的相关部分规定，占有中的债务人“在通知和听证后，可以在正常营业过程之外使用、出售或出租破产财产。”11 U.S.C. § 363(b)(1)。根据第363(b)条，法院仅要求债务人“证明存在合理商业目的足以正当化该等行为。”In re Montgomery Ward Holding Corp., 242 B.R. 147, 153 (D. Del. 1999) (internal citations omitted); 另见 In re Elpida Memory, Inc., No. 12-10947 (CSS), 2012 WL 6090194, at \\*5 (Bankr. D. Del. Nov. 20, 2012)（指出，债务人在正常营业过程之外使用其资产，如该等使用“代表对商业判断的合理行使”，即属“确定无疑”的原则）；In re Phoenix Steel Corp., 82 B.R. 334, 335–36 (Bankr. D. Del. 1987)（指出，根据《破产法》第363条获得司法批准，须证明拟议行为公平公正、出于善意并有合理的商业理由支持）。此外，“如债务人为其商业决定提出合理依据（区别于任意或反复无常作出的决定），法院通常不会审理对债务人行为的异议。”In re Johns-Manville Corp., 60 B.R. 612, 616 (Bankr. S.D.N.Y. 1986) (citation omitted); 另见 In re Tower Air, Inc., 416 F.3d 229, 238 (3d Cir. 2005)（指出，“从实体上推翻商业判断规则的推定，是一项近乎艰巨无比的任务”）。\n\n¹ 谨请本法院参阅续行和解协议，以了解条款的完整陈述。\n\n20-12411-jlg Doc 131 Filed 09/24/21 Entered 09/24/21 14:15:06 Main Document Pg 6 of 7 Case 22-50073 Doc 406-4 Filed 05/20/22 Entered 05/20/22 12:13:10 Page 7 of 25\n\n16. 聘用 Cyganowski 女士的决定，既已获得债务人主要债权人的批准，因其基于对债务人商业判断的合理行使，且其受聘符合债务人破产财产和债权人的最佳利益并与经修订的和解协议一致，故应获批准和授权。\n\n经修订的和解协议及批准债务人聘用 Cyganowski 女士的经修订裁定均应获批准\n\n17. 本法院此前已在其 September 1, 2021 decision 中认定，初始和解协议合理，并满足批准和解协议所需的 Iridium 因素。正如本法院所述：\n\n第六项 Iridium 因素与本事项无关。该和解协议完全处于其余各项因素的范围之内……本法院认定，该和解协议公平公正，且符合债务人破产财产和债权人的最佳利益。\n\n18. 然而，如前所述，法院因对西加诺夫斯基女士（Ms. Cyganowski）的聘用存在关切而拒绝批准该和解。由于如上文详述，经修订的和解已充分解决这些关切，债务人谨此主张，现应批准经修订的和解以及对西加诺夫斯基女士的聘用。\n\n20-12411-jlg 文件 131 于 09/24/21 提交 于 09/24/21 14:15:06 登记 主文件 第 7 页，共 7 页 案件 22-50073 文件 406-4 于 05/20/22 提交 于 05/20/22 12:13:10 登记 第 8 页，共 25 页\n\n19. 经修订和解的最终条款（包括有关聘用西加诺夫斯基女士的修订条款）已与美国受托人办公室（Office of the U.S. Trustee）审阅，且所有异议均已解决。因此，债务人正依据在 2021 年 9 月 22 日听证会上获准的呈递通知，寻求破产法院批准这些动议。任何其他债权人或利害关系方如有异议，可在呈递日期之前提出，该等异议将于 2021 年 10 月 20 日审理。\n\n据此，债务人谨请作出预先拟定的命令。\n\n日期：纽约州纽约市 2021 年 9 月 24 日\n\nGOLDBERG WEPRIN FINKEL GOLDSTEIN LLP（高德伯格·韦普林·芬克尔·戈德斯坦律师事务所）\n债务人代理律师\n1501 Broadway, 22nd Floor\nNew York, New York 10036\n(212) 221-5700\n\n签字人：/s/ Kevin J. Nash, Esq.\n\n第二次修订及重述和解协议\n\n本第二次修订及重述和解协议（以下简称“和解协议”）由 Genever Holdings, LLC（以下简称“债务人”）、Pacific Alliance Asia Opportunity Fund L.P.（以下简称“PAX”）及 Bravo Luck Limited（以下简称“Bravo Luck”）于 2021 年 9 月 24 日订立（各称“一方”，合称“各方”）。1\n\n兹证明：\n\n鉴于，债务人于 2020 年 10 月 12 日提交其第 11 章案件。\n\n鉴于，PAX 于 2020 年 12 月 16 日提交其请求修改自动中止以继续州法院诉讼及相关救济的动议（以下简称“解除中止动议”）[Dkts 12-14]，其中包括但不限于请求在州法院诉讼中审理 PAX 针对债务人的揭开公司面纱主张。\n\n鉴于，债务人于 2021 年 1 月 5 日提交对解除中止动议的答复，Bravo Luck 亦对其提出异议[Dkts 21 and 22]。\n\n鉴于，PAX 于 2021 年 1 月 12 日提交其请求根据 11 U.S.C. 1112(b) 将债务人的案件转换为第 7 章案件的命令，或备选地，请求根据 11 U.S.C. 1104(a) 任命一名受托人管理债务人财产的命令之动议（以下简称“转换动议”）[Dkts 35-37]。\n\n鉴于，债务人于 2021 年 5 月 10 日提交其对转换动议的反对意见[Dkt 84]，Bravo Luck 则于 2021 年 1 月 27 日提交其对转换动议的反对意见[Dkt 44]。\n\n鉴于，债务人、PAX 及 Bravo Luck 于 2021 年 2 月 26 日订立和解协议（以下简称“初始协议”），以解决解除中止动议和转换动议，并建立通过第 11 章案件出售该住宅的程序，同时保留各方的权利。\n\n鉴于，债务人根据《破产规则》9019(a) 条提出动议（以下简称“该动议”），请求批准于 2021 年 2 月 26 日订立的初始协议[Dkt 62]。\n\n鉴于，经 PAX 和 Bravo Luck 批准，债务人还根据 11 U.S.C. §§105 and 363(b) 提出动议，聘用 Melanie L. Cyganowski (Ret.)（梅拉妮·L·西加诺夫斯基，已退休）（以下简称“西加诺夫斯基女士”）担任销售官员，以实现和解目的[Dkt 72]（以下简称“任命西加诺夫斯基女士的动议”）。\n\n1 首字母大写的术语具有下文规定的含义，或者如未另行定义，则具有各项动议中规定的含义。\n\n20-12411-jlg 文件 131-1 于 09/24/21 提交 于 09/24/21 14:15:06 登记 附件 A－经修订和解协议 第 2 页，共 12 页 案件 22-50073 文件 406-4 于 05/20/22 提交 于 05/20/22 12:13:10 登记 第 10 页，共 25 页\n\n鉴于，为支持任命西加诺夫斯基女士的动议，债务人提交了由梅拉妮·L·西加诺夫斯基于 2021 年 4 月 12 日作出的无利害关系声明[Dkt. 73]（以下简称“西加诺夫斯基声明”）。\n\n鉴于，美国受托人办公室（以下简称“UST”）此前对初始协议提出异议，其后各方同意修订和修改初始协议，以尝试解决 UST 提出的关切及异议（以下简称“修订和解”）。\n\n鉴于，破产法院于 2021 年 9 月 1 日作出裁决，主要认定修订和解符合《破产规则》9019(a) 条的标准，但因涉及西加诺夫斯基女士亦直接向债务人提供法律意见，或在未经 11 U.S.C. § 327 聘用的情况下在 Otterbourg P.C.（奥特堡律师事务所）的协助下提供法律意见的某些问题，而驳回债务人的动议。\n\n鉴于，各方已依照本协议再次进一步修改修订和解，以解决法院在其 2021 年 9 月 1 日裁决中列明的关切，并解决 UST 的异议，持续努力以本协议所述方式解决其分歧，而不诉诸进一步诉讼；并且，作为各方谈判的结果，各方已同意解决解除中止动议和转换动议，并建立通过第 11 章案件出售该住宅的程序，同时保留各方的权利，如下文所述。\n\n因此，鉴于本协议所载承诺及相互约定，现确认其收悉及充分性，各方特此同意、约定并规定如下：\n\n1. 定义。本协议中使用但未另行定义的首字母大写术语，应具有下列含义：\n\na. “批准命令”系指由破产法院作出的、准予该动议并批准本和解协议的命令。\n\nb. “破产法院”系指 United States Bankruptcy Court for the Southern District of New York（纽约南区美国破产法院）。\n\nc. “BVI”系指 British Virgin Islands（英属维尔京群岛）。\n\nd. “BVI 诉讼”系指 PAX 于 2020 年在 BVI 以案号 BVIHCM 2020/0137 提起的针对以下各方的若干诉讼：(i) Genever BVI，(ii) Bravo Luck，(iii) Kwok（郭文贵），及 (iv) Guo（郭强）；该等诉讼除其他事项外，寻求执行：(a) 州法院诉讼中产生的判决书；及 (b) Bravo Luck 和郭强于 2021 年 1 月 14 日针对 PAX 提交的答辩及反诉。\n\ne. “第 11 章案件”系指债务人在破产法院提交的、标题为 GENEVER HOLDINGS LLC. 的基础第 11 章破产案件，案号为 20-12411。\n\nf. “生效日期”系指批准命令已由破产法院作出并成为终局命令之日。\n\ng. “Genever BVI”系指 Genever Holdings Corporation（Genever控股公司），一家英属维尔京群岛公司及债务人的 100% 所有人。\n\nh. “Guo”系指 Qiang Guo（郭强）。\n\ni. “Kwok”系指 Kwok Ho Wan aka Miles Kwok（郭文贵，又名 Miles Kwok）。\n\nj. “经营协议”系指债务人于 2015 年 2 月 13 日订立的有限责任公司协议，并根据其中第 23 条由该决议修订。\n\nk. “住宅”系指位于 781 Fifth Avenue, New York, New York 10022 的 Sherry Netherland Hotel（雪莉内德兰酒店）内整层第 18 层公寓及附属单元。\n\nl. “决议”系指债务人此前通过的公司决议，如法院 2021 年 9 月 1 日关于聘用西加诺夫斯基女士作为债务人员工、依照本协议担任债务人销售官员的裁决中所述。\n\nm. “出售动议”系指债务人将提交的动议，请求破产法院批准出售债务人的资产，包括但不限于该住宅，并批准与此相关的出售程序。\n\nn. “销售官员聘用命令”系指破产法院作出的单独命令，根据本和解协议批准重新提出的聘用西加诺夫斯基女士的动议。\n\no. “Sherry-Netherland Co-Op Board”系指 Sherry-Netherland（雪莉内德兰）的合作公寓董事会。\n\n2. 指定销售官员的任命。债务人特此：(i) 根据经营协议第 9.3 条及第 23 条和该决议，行使其商业判断，聘用并任命西加诺夫斯基女士仅作为雇员担任债务人的销售官员（以下简称“SO”）；以及 (ii) 仅授予西加诺夫斯基女士作为 SO 的权力，以按照本协议规定控制和监督该住宅的出售，而不使西加诺夫斯基女士承担任何其他职责或责任。西加诺夫斯基女士的聘用，如本和解协议所述，应由破产法院根据销售官员聘用命令批准。根据经营协议、《破产法典》第 363 条及本和解协议，债务人仅可在破产法院进一步命令后撤销或终止对西加诺夫斯基女士的聘用。各方相信，西加诺夫斯基女士具备通过破产程序出售曼哈顿豪华住宅房地产及合作公寓所需的专业知识。西加诺夫斯基女士为债务人、Bravo Luck 和 PAX 所接受。作为 SO，西加诺夫斯基女士将按照下文规定监督并与受聘房地产经纪人联络，并将拥有债务人根据本协议及该决议授予的最终权力，但须经破产法院批准，且 Bravo Luck 和 PAX 享有提出异议的权利，以处理债务人的决策、出售程序，以及对 (i) 合格买方（如下定义）和合格要约（如下定义），及 (ii) 该住宅出售的中标要约和备选要约的选择。在行使该等权力时，SO 应与债务人、Bravo Luck 和 PAX 协商。SO 并非作为债务人的律师行事，亦非第 11 章受托人或审查员，但应具有破产受托人所使用的同类权力，严格限于本协议项下的聘用条款，且不取代债务人作为占有中债务人的角色。\n\n20-12411-jlg 文件 131-1 于 09/24/21 提交 于 09/24/21 14:15:06 登记 附件 A－经修订和解协议 第 4 页，共 12 页 案件 22-50073 文件 406-4 于 05/20/22 提交 于 05/20/22 12:13:10 登记 第 12 页，共 25 页\n\n3. 经纪人。SO 应依其根据该决议获授的商业判断，并在与各方协商后，选择由债务人财产保留及聘用的房地产经纪人（以下简称“经纪人”），但 Bravo Luck 和 PAX 享有提出异议的权利。应允许 Bravo Luck 和 PAX 就担任经纪人的人选向 SO 提议／推荐。Bravo Luck 和 PAX 有权面试潜在经纪人。Bravo Luck 和 PAX 应为确定该住宅的出售时机及实现最大价值之目的，与经纪人及 SO 协商。经纪人的报酬应符合市场条件，但须经破产法院批准，且 Bravo Luck 和 PAX 享有提出异议的权利。SO 将就经纪人的报酬与 Bravo Luck 和 PAX 协商。如下文所述，经纪人应无利害关系且不存在利益冲突。在债务人提交之前，应向 Bravo Luck 和 PAX 提供经纪人协议草案及无利害关系宣誓书，供其审阅和评论；其中应披露经纪人及其代表与 Miles Kwok（郭文贵）、郭文贵的家庭成员及其各自律师、关联人士、关联方和权益之间的所有过去及现有利益冲突、联系和财务关系，以及与 Bravo Luck 和 PAX 及其各自律师、关联人士、关联方和权益之间的任何既往联系。经纪人应具备出售曼哈顿豪华住宅房地产的专业知识。\n\n4. 营销条款。各方同意适用下列该住宅营销条款，具体条款由 SO 与债务人协商后并按照下文规定确定：\n\na. SO 应在与 Bravo Luck 和 PAX 协商后，为任何出售的最低要约设定底价。\n\nb. SO 可在与 Bravo Luck 和 PAX 协商后，考虑对内部人士要约或 PAX 或其关联方提出的要约施加限制。\n\nc. 经纪人应全面披露经纪人及其代表将获得的所有费用、成本及任何其他直接或间接报酬。\n\nd. SO 应在与债务人、Bravo Luck（布拉沃·勒克）及 PAX 协商后，与经纪人协调有关出售该住宅的协议，包括陈设布置、营销策略及流程、确定潜在买方、国际推广、设定底价和目标售价、还盘、经协商的让步等，并在必要时与 Sherry-Netherland（谢里-内瑟兰）协调。\n\ne. SO 和经纪人应在与债务人、Bravo Luck 和 PAX 协商后，制定出售该住宅的其他协议和程序，包括期限、最低售价、目标售价，以及任何出售该住宅的时间、地点和方式。\n20-12411-jlg 文件 131-1 于 09/24/21 提交，于 09/24/21 14:15:06 登记 附件 A - 经修订的和解协议 第 5 页，共 12 页 案件 22-50073 文件 406-4 于 05/20/22 提交，于 05/20/22 12:13:10 登记 第 13 页，共 25 页\n\n尽管本协议载有任何相反规定，出售程序的期限应限于自聘任经纪人之日起 180 天，但经债务人、Bravo Luck 和 PAX 书面同意延长，或法院因有正当理由作出进一步命令的，不在此限。\n\nf. 居住于该住宅的各方应在提前 24 小时通知后，使该住宅可供带看。\n\n5. 出售程序。各方就出售该住宅同意如下：\n\na. 出售应以交割时支付的现金进行，并应接受更高和更优的要约。如收到一份以上合格要约（“Qualified Offer”），SO 应在与债务人、Bravo Luck 和 PAX 协商后，安排一场所有合格买方（“Qualified Buyer”）均可参与的拍卖。\n\nb. 中标合格买方的选定应由 SO 在与债务人、经纪人、Bravo Luck 和 PAX 协商后作出。\n\nc. 出售须经破产法院批准由债务人拟备并提交的出售动议（“Sale Motion”）；该动议草案应于提交前提供给 Bravo Luck 和 PAX 审阅和批准。\n\nd. 尽管本和解协议有任何其他规定，并在遵守适用法律的前提下，出售该住宅须以 Sherry-Netherland 与债务人之间的该份专有租赁契约（“Proprietary Lease”）的转让为条件；各方无论依据该专有租赁契约还是适用法律所享有的一切权利和承担的一切义务，均明确予以保留。\n\ne. Bravo Luck 和 PAX 应可接触 SO 和经纪人，并应被充分告知出售程序的状态、收到的所有要约，以及与该住宅的谈判和最终出售有关的所有重大事项。\n\nf. 出售程序应包括债务人、Bravo Luck 和 PAX 的协商权；根据《经营协议》第 9.3 节授予 Cyganowski 女士（齐加诺夫斯基女士）作为高级职员的权限，如发生任何争议，SO 享有最终决定权。\n\ng. 出售总收益扣除惯常交割成本和费用（包括无需破产法院进一步命令的 SO 费用和开支，以及经通知所有各方后须经破产法院批准的经纪人合理费用和开支）后，不作任何其他扣除，应按下述规定存入托管账户；该等款项仅可在事先通知并经破产法院批准后释放，包括事先通知 Bravo Luck 和 PAX。尽管有前述规定，Cyganowski 女士对出售总收益或托管账户不享有任何控制权，亦不承担与之有关的义务；该等款项应由托管代理人依本款持有，并仅可在通知各方后依破产法院进一步命令释放。\n\nh. 如上所述的出售总收益应存入一家全国认可、以担保物作抵押、且债务人、Bravo Luck 和 PAX 合理接受并经破产法院批准的银行。\n\ni. 应征询 Sherry-Netherland 合作公寓董事会（Sherry-Netherland Co-op Board）的意见，以确认进行和完成该住宅出售所需董事会批准的程序和时间安排。\n\n6. 批准权限。SO 应监督出售程序，并应首先通过经纪人以符合该住宅地位的商业上合理方式推销该住宅，力求从一名或多名可接受的竞争买方获得一份或多份可接受的竞争要约。若 SO 认定拍卖将产生更高和更优的要约，或破产法院作出进一步命令，可举行拍卖。在事先与债务人、Bravo Luck 和 PAX 协商后，并在破产法院批准且 Bravo Luck 和 PAX 有权提出异议的前提下，SO 对该住宅的营销和出售享有最终批准权，包括以下事项：\n\na. 决定出售程序，无论通过传统方式、私下出售、拍卖、其组合或其他程序；\n\nb. 确定哪些潜在买方为合格买方；\n\nc. 确定哪些要约为合格要约；\n\nd. 在必要时安排拍卖并确定拍卖程序，包括分手费、所需加价竞价及其他程序；\n\ne. 确定哪一份合格要约为最高且在其他方面最优的要约，以及哪一份为次高且在其他方面最优的要约；\n\nf. 拒绝任何下列要约：(i) 不充分或不足的；(ii) 不符合出售程序（如上文第 5 节所载）要求或《破产法典》要求的；或 (iii) 有悖于债务人及其财产最佳利益的；\n\ng. 放弃本协议中就任何潜在买方规定的任何条款和条件；\n\nh. 就任何潜在买方及成功购买人施加额外条款和条件；\n\ni. 延长本协议规定的期限；\n\nj. 除本协议另有规定外，延期或取消任何拍卖和/或出售听证会，而无需进一步通知；\n\nk. 修改出售程序；和/或\n\nl. 随时有偏见或无偏见地撤回出售动议。\n\n7. 自动中止解除、维护费、费用及其他条款。\n\na. 准予解除自动中止，以允许 PAX 对目前在 New York Supreme Court（纽约州最高法院）审理、案卷号为 652077/2017 的州法院诉讼（“State Court Action”）提起诉讼，并允许债务人进行抗辩；但自动中止在所有其他目的下仍然有效，包括与执行或收取州法院诉讼中针对债务人作出的任何判决有关的事项，直至经进一步通知所有各方后破产法院作出进一步命令。本协议任何内容均不得解释为承认在破产法院以外处理任何该等事项的适当法院，各方的一切权利均明确予以保留。\n\nb. 本协议任何内容均不得损害任何一方的权利，包括 Bravo Luck 和 PAX 推进 BVI Litigation（英属维尔京群岛诉讼）的权利，但 PAX、Bravo Luck、Kwok（郭文贵）、Guo（郭文贵）或其任何关联方保留在破产法院就其作为债务人债权人的地位提出请求的权利，且 PAX 保留基于任何理由反对该等请求的一切权利。此外，尽管本协议载有任何相反规定，本协议任何内容均不得损害任何一方的权利，包括 Bravo Luck 和 PAX 在英属维尔京群岛、州法院或其他地点针对任何人提出任何及所有请求（如有）的权利，包括针对 Bravo Luck、Kwok、Guo 或其任何关联方，以及 PAX 或其任何关联方提出的请求；Bravo Luck 和 PAX 保留在适用法院反对该等请求的一切权利。\n\nc. PAX 应按下文明确规定撤回其转换动议（“Conversion Motion”）。PAX 不会支持或鼓励本协议任何其他方提出任命受托人或转换的动议。但是，尽管本协议载有任何相反规定，如债务人、Bravo Luck、Kwok、Guo 或其任何关联实体违反本和解协议的任何实质性条款，PAX 重新提出或提交其转换动议（包括任命受托人）的权利不受任何限制；债务人或 Bravo Luck 以任何理由反对该等行动的权利亦不受任何限制，包括但不限于主张该等违反并未发生。如 PAX 违反本协议项下任何实质性条款，则 PAX 不再享有重新提出或提交其转换动议（包括任命受托人）的任何权利；但前提是，PAX 寻求破产法院宣告该等违反并未发生的权利不受任何限制。除本协议明确规定外，各方的一切权利和救济均明确予以保留。\n\nd. SO 的推荐和任命：就签署本和解协议而言，债务人、Bravo Luck 和 PAX 已事先同意指定 Cyganowski 女士为指定 SO。如第 27(D)(f) 段被触发，则 Bravo Luck 和 PAX 应各指定两名候选人，共计指定四名候选人，供考虑担任指定 SO（所有各方合计四名）（“List”）。各方应协商从该名单中选出一致同意的 SO。如各方无法就 SO 的选定达成协议，则破产法院应从该名单中任命 SO，除非法院认定存在不可调和的冲突；此后，United States Trustee Office（美国受托人办公室）在与 Bravo Luck 和 PAX 协商后，可向法院提交建议，由其他独立且无利害关系的人士担任 SO。\n\ne. 确认解除自动中止，以允许 Sherry-Netherland 自本协议日期起将所有已累积且到期的申请后维护费和摊派费用，以及此后按月从现有保证金中予以抵扣；但自动中止在所有其他目的下仍然有效。\n\n8. 破产法院批准。本和解协议须经破产法院批准，并且仅自生效日期（“Effective Date”）起生效并对各方具有约束力。各方特此同意放弃就批准命令（“Approval Order”）效力提出上诉的 14 天期限。债务人应请求破产法院于作出批准命令后立即将其定为终局、不可上诉的命令。Bravo Luck 和 PAX 已采取并将继续采取一切合理措施，寻求批准本和解协议和作出批准命令，并就针对本和解协议的任何异议或对批准命令的上诉进行抗辩。\n\n9. 先决条件。本和解协议中规定的各方义务以生效日期的发生为条件。如破产法院拒绝作出批准命令，或批准命令在上诉中被撤销或推翻，本和解协议不再具有效力或作用，并且各方各自的利益、权利、救济和抗辩应在不受损害的情况下恢复，如同本和解协议从未订立和达成/作出。\n\n10. 陈述与保证。各当事方向其他当事方陈述并保证：(a) 其有权签署和交付本《和解协议》，并履行其在本协议项下的义务；(b) 各方均相信，按照本《和解协议》的规定，就本《和解协议》所涵盖的事项达成和解符合其自身最佳利益；(c) 除本《和解协议》明确规定外，未向任何当事方提出任何承诺、协议、诱因、陈述或保证；(d) 本《和解协议》不违反或不与任何当事方的任何其他协议相冲突；(e) 本《和解协议》是在充分知悉本协议所载条款和义务的后果及影响的情况下自愿签署的；(f) 各当事方在本《和解协议》签署前的谈判期间，以及在本《和解协议》的拟定和签署过程中，均由该当事方自行选择的律师代理；(g) 各当事方均已仔细、全面地审阅本《和解协议》全文，并已与各当事方自行选择的律师解决有关本《和解协议》之含义、法律性质及约束力的所有问题；及(h) 本《和解协议》具有合同性质，并非仅为陈述，且各当事方均已阅读、理解并完全同意本《和解协议》的条款。\n\n11. 不承认责任。本《和解协议》中的任何内容均不得解释为任何当事方承认责任或过错，且明确否认该等责任和过错。\n\n12. 进一步保证。各当事方应在本《和解协议》日期之后，签署和交付另一当事方为实现本《和解协议》意图而合理要求的任何文件或文书。\n\n13. 转让。未经(a)每一其他当事方事先书面同意（该等同意可由其自行决定拒绝给予），或(b)破产法院命令，任何当事方均不得转让其在本《和解协议》项下或与本《和解协议》有关的任何利益、义务或责任。\n\n14. 继承人。本协议对各当事方及其各自的继承人、继承者、遗产和遗产代理人具有约束力，并使其受益。\n\n15. 修订。本协议仅可经本协议各当事方的正式授权代表签署书面文件而修改或修订。\n\n16. 完整性。本《和解协议》的条款为本《和解协议》不可分割、必要且不可分割的条款。\n\n17. 副本；传真签名。本《和解协议》可签署一式多份副本，每一该等副本均构成正本文件，且该等副本合在一起构成同一份文件。以电子方式传输或传真传输的副本应视为正本。\n\n18. 标题。本《和解协议》的标题仅为方便和参考而设，并不界定、限制或描述本《和解协议》的范围或其任何条款的范围或内容。\n\n19. 准据法。本《和解协议》应受《破产法》管辖，并依《破产法》解释。\n\n20. 持续管辖权。破产法院应保留管辖权，以解决与本《和解协议》的解释或执行有关的任何争议。\n\n21. 完整协议。本《和解协议》构成当事方就本《和解协议》及其标的达成的完整协议和谅解。\n\n22. 双重解释。如本《和解协议》的任何条款可作两种或以上解释，其中一种解释将使该条款无效、可撤销或不可执行，而另一种解释将使该条款有效且可执行，则该条款应具有使其有效且可执行的含义。\n\n23. 全体当事方均参与起草《和解协议》。关于合同中的歧义应作不利于起草人的解释这一解释规则，不适用于本《和解协议》，因为各当事方均起草了其条款，且全体当事方均放弃在解释本《和解协议》时适用该解释规则。\n\n20-12411-jlg 文书 131-1 于 09/24/21 提交，于 09/24/21 14:15:06 登记 附件 A—修订版和解协议 第 10 页，共 12 页 案件 22-50073 文书 406-4 于 05/20/22 提交，于 05/20/22 12:13:10 登记 第 18 页，共 25 页\n\n24. 授予利益。本《和解协议》中的任何内容均不得解释为向当事方以外的任何个人或实体授予任何利益。\n\n25. 鉴于条款。鉴于条款真实、正确，并以如同全文载于本协议中的方式并入本协议。\n\n26. 时间至关重要。就本《和解协议》而言，时间至关重要。\n\n27. 为解决UST（美国受托人）的关切和异议而作出的附加条款\n\nA. 债务人获授权聘用Cyganowski女士作为雇员，根据经修订的《运营协议》和章程担任指定SO（指定负责人），以履行本《和解协议》规定的具体职责和义务，并且债务人已根据该决议聘用了Cyganowski女士。\n\nB. Cyganowski女士将按小时获得报酬，现行计费标准为每小时\\$1,400，其全部报酬应依照《破产法》第503条作为行政费用债权处理。债务人应就在出售该住宅的申请中支付Cyganowski女士费用和开支一事寻求授权。\n\nC. SO的权利、职责和义务应予履行，无需债务人成员和经理作出进一步批准，因为债务人已在行使其商业判断时给予该等批准；但SO应定期向债务人成员和经理报告；并且，对出售该住宅的最高及最佳报价的批准，应在通知后经破产法院进一步命令确定。\n\nD. 债务人依照本《和解协议》聘用Cyganowski女士担任SO，并经破产法院批准，应受以下一般限制。\n\na. Cyganowski女士（以及任何代理人和/或关联实体）不得就第11章案件以任何其他身份行事（例如但不限于作为律师、法律顾问、财务顾问、审查员、受托人或投资者/收购人）。\n\nb. 仅在获得债务人、Bravo Luck（博瑞沃·拉克）和PAX的书面同意，并在通知后向破产法院提出书面动议的情况下，债务人可寻求：(i)使Cyganowski女士承担不同于《和解协议》所设想职能的职责，(ii)实质性改变聘用条款，(iii)修改本协议项下提供的职能，(iv)增加新的高级管理人员，或(v)变更或扩大聘用范围（但Cyganowski女士和Otterbourg P.C.（奥特堡律师事务所）均不得向债务人提供法律服务）。\n\nc. 在上述案件审理期间，与Cyganowski女士有关联的任何负责人或雇员均不得担任债务人的董事。\n\nd. 债务人应不时定期地，并至少在本协议项下任何付款前二十（20）日，向破产法院提交或促使提交Cyganowski女士已赚取的报酬和开支报告，并向在本第11章案件中提交出庭通知的当事方（UST、Bravo Luck和PAX）发出通知。\n\ne. Cyganowski女士及其代理人应有权由债务人财产以与债务人任何高级管理人员相同的方式，就因以SO或其代理人身份针对其任何一人提出的任何及一切任何类型的索赔所引起或与之相关的全部判决、费用和开支（包括合理律师费，该等费用应在法院批准后于发生时根据赔偿义务支付）获得垫付和赔偿，但最终命令认定且不再可上诉的重大过失、故意不当行为、欺诈或违反信义义务除外。本协议中的任何内容均不得限制Cyganowski女士依法可主张的任何抗辩，或剥夺其就其具有抗辩的任何作为或不作为获得赔偿的权利。Cyganowski女士应作为附加被保险人加入债务人与AIG Property and Consulting Company（AIG财产与咨询公司）现有的责任保险单。\n\nf. 如发生死亡、丧失行为能力、辞职或被免职，应依照本《和解协议》及破产法院的进一步命令，通过与SO初始遴选相同的程序遴选替代SO。\n\nE. Cyganowski女士应与债务人、PAX和Bravo Luck协商，依照本《和解协议》的条款，就该住宅的出售和营销作出决定，运用其商业判断，并受破产法院根据11 U.S.C. §363(b)和(f)及1123对该住宅出售的批准所约束。债务人已修订《运营协议》，并特此再次确认：(i)聘用Cyganowski女士担任SO，以履行本协议规定的全部职责和责任；(ii)未经破产法院批准，债务人不得撤销对Cyganowski女士的聘用和/或其作为SO的授权；及(iii)如发生死亡、丧失行为能力、辞职或被免职，应依照本《和解协议》遴选替代SO。尽管有前述规定，本协议中的任何内容均不得剥夺债务人作为占有中债务人的职责。\n\nF. 如本《和解协议》、该动议、聘用函及批准本《和解协议》的命令之间的条款存在不一致，应以本《和解协议》的条款为准。\n\n[签字见下页]\n\n20-12411-jlg 文书 131-1 于 09/24/21 提交，于 09/24/21 14:15:06 登记 附件 A—修订版和解协议 第 12 页，共 12 页 案件 22-50073 文书 406-4 于 05/20/22 提交，于 05/20/22 12:13:10 登记 第 20 页，共 25 页\n\n日期：September 24, 2021\n\nGenever Holdings LLC（吉尼弗控股有限责任公司）\n\n签署人：/s/Kevin J. Nash\n\nKevin J. Nash（凯文·J·纳什）\n\nGoldberg Weprin Finkel Goldstein LLP（戈德堡·韦普林·芬克尔·戈德斯坦律师事务所）\n\n1501 Broadway, 22nd Floor\n\nNew York, NY 10022-5520\n\n212-301-6944\n\n[KNash@qwfglaw.com]\n\n债务人Genever Holdings, LLC的律师\n\nPacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙企业）\n\n签署人：/s/ Douglas E. Spelfogel\n\nDouglas E. Spelfogel（道格拉斯·E·斯佩尔福格尔）\n\nFoley & Lardner LLP（弗利与拉德纳律师事务所）\n\n90 Park Avenue\n\nNew York, NY 10016-1314\n\n212-682-7474\n\n[dspelfogel@foley.com]\n\nPacific Alliance Asia Opportunity Fund L.P.的律师\n\nBravo Luck Limited（布拉沃幸运有限公司）\n\n签署人：/s/ Fran J. Lawall\n\nFrancis J. Lawall（弗朗西斯·J·劳沃尔）\n\nTroutman Pepper Hamilton Sanders LLP（特劳特曼·佩珀·汉密尔顿·桑德斯律师事务所）\n\n3000 Two Logan Square\n\nEighteenth and Arch Streets\n\nPhiladelphia, PA 19103-2799\n\n215-981-4000\n\n[Francis.lawall@troutman.com]\n\nBravo Luck Limited的律师\n\n20-12411-jlg 文书 131-2 于 09/24/21 提交，于 09/24/21 14:15:06 登记 附件 B—聘用函 第 1 页，共 5 页 案件 22-50073 文书 406-4 于 05/20/22 提交，于 05/20/22 12:13:10 登记 第 21 页，共 25 页\n\n230 Park Avenue\n\nNew York, NY 10169\n\notterbourg.com\n\n212 661 9100\n\nMelanie L. Cyganowski（梅拉妮·L·西加诺夫斯基）\n\n律所成员\n\nmcyganowski@otterbourg.com\n\n212 905 3677\n\nSeptember 24, 2021\n\nYanping Wang（王燕平）\n\nGenever Holdings LLC的正式授权代表\n\nThe Sherry-Netherland\n\n781 Fifth Avenue\n\nUnit 1801\n\nNew York, New York 10022\n\n事由：Genever Holdings LLC；案件编号20-12411 (JLG)\n\n尊敬的王先生：\n\n2020年10月12日，Genever Holdings LLC（吉尼弗控股有限责任公司）（以下简称“公司”）向 United States Bankruptcy Court for the Southern District of New York（美国纽约南区联邦破产法院）（以下简称“法院”）申请破产救济，案号为20-12411 (JLG)（以下简称“破产案件”）。公司目前根据 United States Code（《美国法典》）title 11（以下简称“破产法”）Chapter 11，作为占有中的债务人继续经营。据我了解，2021年3月5日，公司向法院提交动议，请求批准由公司、Pacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙企业）（“PAX”）及Bravo Luck Limited（博锐乐有限公司）（“Bravo Luck”）订立的拟议和解协议[Dkt. No. 62]（以下简称“第一项和解动议”），并同时提交动议，请求聘任本人担任公司破产财产指定销售官[Dkt. Nos. 72, 73]（以下简称“第一项聘任动议”）。2021年9月1日，法院驳回第一项和解动议及第一项聘任动议。[Dkt. No. 123]。\n\n根据本人同公司的破产法律顾问Kevin J. Nash, Esq.（凯文·J·纳什律师）的讨论，本人获悉，公司将提交第二次修订动议，请求批准由公司、PAX及Bravo Luck Limited订立的第二次修订和重述和解协议（以下简称“拟议和解协议”），且公司拟根据修订后的聘用函，在破产案件中聘任本人担任销售官。本函旨在确认公司与本人就聘任本人担任销售官所达成的修订后共识及协议（以下简称“本协议”），并载明该聘用的条款和条件，包括拟履行服务的范围及该等服务的报酬结构。\n\n服务说明\n\n· 就该聘用而言，本人将代表公司担任销售官，负责拟议出售（以下简称“拟议出售”）公司对位于The Sherry-Netherland（谢里-内德兰酒店），781 Fifth Avenue, New York, New York 10022的整层第18层公寓及附属单元（以下简称“住宅”）所享有的所有权权益；根据债务人于2020年10月6日依据当地破产规则1007-2提交的声明[Dkt. No. 1]，该权益“由约3,000股Sherry Netherland cooperative stock及相应的专有租赁权予以体现”。\n\n· 作为销售官，本人将拥有拟议和解协议（经法院批准）所规定的权限和职责，仅为按照拟议和解协议的规定控制和监督住宅出售，而不使本人承担任何其他职责或责任。\n\n· 仅在获得公司、Bravo Luck及PAX书面同意，并向Office of the U.S. Trustee（美国受托人办公室）发出通知及给予其提出异议机会后，公司方可寻求使本人承担不同于本函所规定职能的职责，或扩展至其他领域，或变更或扩大该聘用范围；该等救济应通过向法院提交动议修改已提交的聘任申请而寻求。\n\n· 公司明确授权销售官无需公司进一步行动，即可履行和解协议规定的所有该等职责和义务。\n\n合作\n\n· 公司应向本人及本人的代理人提供其占有或控制的、公司认为与拟议出售住宅相关的全部信息，并应提供本人因履行销售官职责而要求的所有信息。\n\n职责限制\n\n· 本人不就住宅出售可能产生或将产生的出售所得金额（如有）作出任何陈述或保证。\n\n· 本人不负责、无义务且不承担与住宅或公司有关的任何税款、费用、成本、开支、维护费或收费的支付责任；该等税款、费用、成本、开支、维护费或收费应完全由公司的破产财产负责、承担义务及责任。\n\n· 本人（以及任何代理人和/或关联实体）不得在与第11章案件有关的任何其他身份下行事（例如但不限于，作为律师、法律顾问、财务顾问、审查员、受托人或投资者/收购人）。本人不得向债务人提供任何法律意见。\n\n· Otterbourg P.C.（奥特堡律师事务所）未被聘任。Otterbourg P.C.不在本函项下作出任何陈述，亦不在本函项下承担任何义务。\n\n报酬\n\n· 本人的服务将按小时计费，以本人现行每小时$1,400的收费标准为基础。公司应寻求授权，以在有关住宅出售的申请中支付本人的费用及开支。如本人的费率有所提高，本人应向法院提交补充声明，并在任何费率提高前十个营业日向美国受托人发出通知。补充声明应列明所请求的费率提高，说明请求提高费率的依据，并证明公司已同意所请求的费率提高。\n\n· 向公司计费的垫付款项包括但不限于非本地电话、传真及其他电信费用、交通、复制、递送和信使服务费用、如有需要的计算机检索费用（按该等检索的实际成本计费）及其他垫付款项。\n\n· 本人产生的所有费用及开支将以本人实际记录或发生的时间费用及垫付款项为基础。就该聘用而言，该等费用及开支应在住宅待售期间累计，并在提交申请后，从住宅出售产生的出售所得中及时支付。\n\n· 本人发生及累计的所有费用及开支，应依照破产法在本破产案件中作为管理费用处理并获准许。所有该等累计收费的摘要应提交法院，并定期提供给已提交出庭通知的任何当事人及美国受托人。\n\n· 本人（及本人的代理人）应有权由公司的破产财产以与债务人任何其他高级职员相同的方式获得预支和赔偿，以涵盖因以销售官身份针对本人或本人的代理人提出的任何及所有任何类型的请求而产生或与之有关的所有判决、成本及合理开支，包括律师费（该等律师费应在法院批准后于发生时根据赔偿予以支付），但经不再可上诉的最终命令认定的重大过失、故意不当行为、欺诈或违反信义义务除外。本函任何规定均不限制法律允许的任何抗辩，亦不剥夺本人就本人享有抗辩的任何作为或不作为获得赔偿的权利。本人应作为附加被保险人加入债务人与AIG Property and Consulting Company（美国国际集团财产及咨询公司）现有的责任保险单。\n\n期限\n\n· 该聘用应自法院作出裁定批准本人代表公司担任销售官之日起生效，并应于以下较早发生者终止：(i) 法院作出裁定驳回破产案件；(ii) 法院作出裁定将公司的第11章破产案件转换为破产法第7章项下案件；及(iii) 法院作出裁定终止本人作为销售官提供的服务。\n\n法院批准\n\n· 公司应尽商业上合理努力，及时取得法院对聘任本人代表公司担任销售官的批准。该等法院批准应规定，该聘用自法院作出裁定批准本人担任销售官之日起生效，并应纳入本函的全部条款。\n\n其他\n\n· 本协议，包括但不限于其解释和释义，以及本协议项下或与本协议有关的所有请求、争议和纠纷，均应受纽约州法律管辖并依其解释，不适用会转而适用另一司法辖区法律的法律冲突原则。本协议双方同意，就双方或其代表针对与本函项下销售官的聘用、履行或不履行有关或由此产生的任何事项提起的任何诉讼、程序或反诉，放弃陪审团审判。双方同意，破产法院对本协议项下产生的任何争议保留专属管辖权，并放弃其在任何司法辖区法律下，以任何理由（包括但不限于不方便法院）对与本协议有关而在纽约南区破产法院提起的任何争议和/或诉讼的管辖权或审判地提出异议的一切个人权利。\n\n· 本协议对本协议双方、其各自继承人、继受人及受让人具有约束力，包括但不限于任何获任命的第11章或第7章受托人。\n\n请代表公司通过代表公司签署本函副本并将其返还给本人，以确认贵方同意本聘用函。当然，如有任何问题或意见，请致电本人讨论。\n\n谨致\n\n/s/ Melanie L. Cyganowski（梅拉妮·L·西加诺夫斯基）\n\n同意并接受：\n\n/s/ YANPING WANG（王燕萍）Genever Holdings LLC正式授权代表\n\n抄送：Kevin J. Nash, Esq.（凯文·J·纳什律师）（KNash@GWFGLaw.com）","key_entities":["Je","Kwok","Guo","Yanping Wang","Finkel","CIPA"],"ecf_references":[{"doc_number":1,"court":"CTB"},{"doc_number":44,"court":"CTB"},{"doc_number":62,"court":"CTB"},{"doc_number":72,"court":"CTB"},{"doc_number":73,"court":"CTB"},{"doc_number":84,"court":"CTB"},{"doc_number":123,"court":"CTB"},{"doc_number":131,"court":"CTB"},{"doc_number":141,"court":"CTB"}],"word_count":9089,"status":"published","published_at":"2021-09-24 00:00:00","created_at":"2021-09-24","updated_at":"2026-08-23 20:44:54"}