{"id":"court_ctb_441_4","court":"CTB","case_no":"22-50073","doc_number":441,"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|                       |  | 22-50073                   |  |\n|-----------------------|--|----------------------------|--|\n| Ho Wan Kwok<br>IN RE: |  |                            |  |\n|                       |  |                            |  |\n| UCC                   |  | 4                          |  |\n|                       |  |                            |  |\n|                       |  | 5/25/2022 Admitted in Full |  |\n|                       |  | P.E.                       |  |\n|                       |  |                            |  |\n|                       |  |                            |  |\n\nUNITED 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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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 25 441-4 05/25/22 05/26/22 15:59:53\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\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 25 441-4 05/25/22 05/26/22 15:59:53\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\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 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\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 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 25 441-4 05/25/22 05/26/22 15:59:53\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 Representative of Genever Holdings LLC\n\nCC: Kevin J. Nash, Esq. (KNash@GWFGLaw.com)","body_zh":"证物 UCC-4\n\n准许债务人在 In re Genever Holdings, LLC（Genever Holdings, LLC 案）, 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）, ECF No. 141 中批准经修订和解协议的第二次续展动议的命令\n\n22-50073\n\nHo Wan Kwok（郭文贵）\n关于：\n\nUCC　4\n\n5/25/2022 全部准许\nP.E.\n\n美国破产法院 纽约南区 --------------------------------------------------------x\n\n关于：第 11 章\n\nGenever Holdings LLC（Genever Holdings 有限责任公司）, Case No. 20-12411 (JLG)\n\n债务人。\n\n债务人的综合第二次续展动议：(i) 批准与 BRAVO LUCK 和 PAX 达成的第二次修订和重述和解协议；以及 (ii) 聘用 MELANIE L. CYGANOWSKI 作为雇员，仅担任债务人破产财产的出售官员\n\nGenever Holdings LLC（以下简称“债务人”）就其综合第二次续展动议（以下简称“续展动议”），即：(i) 请求依《破产程序规则》9019(a)批准与 Pacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙企业，以下简称“PAX”）及 Bravo Luck Limited（布拉沃幸运有限公司，以下简称“Bravo Luck”）达成的第二次修订和重述和解协议，其副本作为证物“A”附于本动议（以下简称“经修订和解协议”）；以及 (ii) 根据 11 U.S.C. §§ 105 和 363，依照作为证物“B”附于本动议的经修订雇佣函，并根据分别预先拟定的、批准经修订和解协议及相应聘用 Melanie L. Cyganowski（以下简称“Cyganowski 女士”）的经修订命令（该等命令正另行通知以供提交审理），聘用 Cyganowski 女士作为雇员，仅担任债务人破产财产的出售官员，现向本院陈述并说明如下：\n\n背景\n\n1. 债务人于 October 12, 2020 根据《破产法典》第 11 章提交了自愿破产申请，此后一直依 11 U.S.C. §§ 1107 和 1108 作为占有中的债务人继续占有并管理其资产。\n\n20-12411-jlg 文书 131 提交于 09/24/21 登记于 09/24/21 14:15:06 主文书 第 2 页，共 7 页 Case 22-50073 文书 406-4 提交于 05/20/22 登记于 05/20/22 12:13:10 第 3 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n2. 债务人的主要资产包括位于 New York, New York 10022, 781 Fifth Avenue 的 Sherry Netherland Hotel（谢里内德兰酒店）第 18 层公寓及附属单元（以下统称“住宅”）。\n\n3. 债务人与 Pacific Alliance Asia Opportunity Fund L.P.（“PAX”）和 Bravo Luck Ltd.（“Bravo Luck”）达成了一项拟议和解协议，其中确立了由债务人聘用的出售官员负责出售住宅的协商框架等事项。各方同意选择 Melanie Cyganowski（梅拉妮·赛加诺夫斯基）担任该职务，债务人此前已申请破产法院批准该拟议和解协议及聘用 Melanie Cyganowski 担任出售官员（见 ECF Nos. 62 和 72）。\n\n4. 美国受托人办公室对两项动议均提出异议（ECF Nos. 94 和 103）。此后，各方就此提交了针对若干问题的书面意见（见 ECF Nos. 76, 81, 83, 95, 96, 97, 99, 104, 105 和 106）。\n\n5. 于 September 1, 2021，破产法院就债务人的动议作出了一项全面裁决（以下简称“September 1, 2021 Decision”），认定：(i) 该和解协议显然处于合理性范围内，且符合债务人破产财产的最佳利益；(ii) 债务人根据州法有权修改其经营协议以任命出售官员；以及 (iii) 债务人有权聘用 Cyganowski 女士担任出售官员。\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，或在未依 11 U.S.C. §327 聘用其所在律师事务所的情况下利用其所在律师事务所 Otterbourg P.C. 的人员协助其工作，存在某些问题。因此，破产法院最初未基于此批准任何一项动议。然而，总体而言，为适用《破产程序规则》9019 之目的，拟议和解协议似乎可为本院接受。\n\n20-12411-jlg 文书 131 提交于 09/24/21 登记于 09/24/21 14:15:06 主文书 第 3 页，共 7 页 Case 22-50073 文书 406-4 提交于 05/20/22 登记于 05/20/22 12:13:10 第 4 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n7. 在收到 September 1, 2021 Decision 后，和解各方已对拟议聘用 Cyganowski 女士作出修改以处理前述问题，实质如下：\n\n· Cyganowski 女士应严格作为债务人的雇员受聘，且不得向债务人提供任何法律意见或法律咨询。\n\n· 债务人不得聘用 Otterbourg P.C. 律师事务所协助 Cyganowski 女士或从事其他工作。\n\n8. 基于该等修改，和解各方现请求续展债务人关于批准经修订和解协议的动议，并对聘用 Cyganowski 女士作出相应的同样修改。经修订和解协议继续规定了由出售官员负责出售住宅的商定框架，该出售官员应基于其作为债务人雇员的身份指导出售和营销程序。经修订和解协议与先前版本的和解协议基本相同，但经修改后删除了上文第 7 段所述关于 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。此外，还就 Cyganowski 女士的赔偿和报酬结构作出了澄清，以及其他非实质性的清理修改。因此，债务人已取得和解各方及美国受托人办公室对经修订条款的同意，并主张本院现应批准经修订和解协议。\n\n续展聘用 Cyganowski 女士\n\n9. Cyganowski 女士是一名备受尊敬且经验丰富的人士，能够为出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. 根据本院的 September 1, 2021 Decision，Cyganowski 女士将仅作为债务人的雇员，履行续展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 协商后，通过传统破产类型的出售程序监督债务人出售住宅。Cyganowski 女士不是第 11 章受托人或审查员，且仅严格作为债务人的雇员受聘；Cyganowski 女士不得提供任何法律意见或法律咨询。\n\nb. Cyganowski 女士应代表债务人选择房地产经纪人（以下简称“经纪人”），但 Bravo 和 PAX 有权提出异议。该经纪人应具备出售曼哈顿豪华住宅房地产的专业经验，并由债务人的破产财产聘用。应允许 Bravo Luck 和 PAX 与 Cyganowski 女士共同推荐并面试担任经纪人角色的人选。\n\nc. Cyganowski 女士还应监督为债务人制定旨在最大化住宅价值的营销计划和出售程序。有关程序及对任何出售的最终批准，均应以债务人律师将向本院提交的进一步申请为准。\n\n11. 总而言之，Cyganowski 女士作为雇员和指定出售官员受聘，以按照续展和解协议所规定的明确职能，领导债务人出售住宅的工作。\n\nCyganowski 女士的无利害关系性\n\n12. 尽管聘用 Cyganowski 女士系依 11 U.S.C. § 363 进行，但她与任何债权人或利害关系方不存在任何使其不具资格的关系，并且在适用的范围内，亦符合《破产法典》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（郭）家族的任何成员或其他利害关系方不存在先前或当前的关联；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 文书 131 提交于 09/24/21 登记于 09/24/21 14:15:06 主文书 第 5 页，共 7 页 Case 22-50073 文书 406-4 提交于 05/20/22 登记于 05/20/22 12:13:10 第 6 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n报酬条款\n\n14. 如续展雇佣函所载，Cyganowski 女士已请求并将按小时获得报酬，按目前每小时 $1,400 的计费费率计算。Cyganowski 女士已同意，其报酬应从出售住宅所得的出售收益中支付，债务人应在未来申请出售住宅时请求授权支付其费用和开支。在住宅出售之前，Cyganowski 女士的费用和开支应作为行政费用债权累积。\n\n准许聘用 Cyganowski 女士申请的依据\n\n15. 聘用 Cyganowski 女士的法律依据已在本院的 September 1, 2021 Decision 中得到广泛陈述和分析。实质上，债务人聘用 Cyganowski 女士的权限源于债务人依据《破产法典》第 363 条出售住宅的能力。《破产法典》第 363(b)(1)条的相关规定为，占有中的债务人“在通知和听证后，可以使用、出售或租赁不属于正常营业过程的破产财产。”11 U.S.C. § 363(b)(1)。根据第 363(b)条，法院仅要求债务人“证明存在合理的商业目的，足以正当化该等行为。”In re Montgomery Ward Holding Corp., 242 B.R. 147, 153 (D. Del. 1999)（省略内部引文）；另见 In re Elpida Memory, Inc., No. 12-10947 (CSS), 2012 WL 6090194, at *5 (Bankr. D. Del. Nov. 20, 2012)（指出，债务人可以在正常营业过程之外使用其资产，只要该等使用“体现了对商业判断的合理行使”，此项原则“已得到充分确立”）；In re Phoenix Steel Corp., 82 B.R. 334, 335–36 (Bankr. D. Del. 1987)（指出，根据《破产法典》第 363 条获得司法批准，需要证明拟议行为公平、公正、善意，并有充分商业理由支持）。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)（省略引文）；另见 In re Tower Air, Inc., 416 F.3d 229, 238 (3d Cir. 2005)（指出，“就实体而言，推翻商业判断规则的推定是一项近乎赫拉克勒斯式的任务”）。\n\n1 本院谨请参阅续展和解协议，以了解条款的完整陈述。\n\n20-12411-jlg 文书 131 提交于 09/24/21 登记于 09/24/21 14:15:06 主文书 第 6 页，共 7 页 Case 22-50073 文书 406-4 提交于 05/20/22 登记于 05/20/22 12:13:10 第 7 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n16. 鉴于聘用 Cyganowski 女士的决定已获得债务人主要债权人的批准，该决定应获批准和授权，因为其基于对债务人商业判断的合理行使，且根据经修订和解协议，其聘用符合债务人破产财产及债权人的最佳利益。\n\n经修订和解协议及批准债务人聘用 Cyganowski 女士的经修订命令均应获批准\n\n17. 本院先前在其 September 1, 2021 Decision 中认定，最初的和解协议合理，并符合批准和解协议的 Iridium 因素。正如本院所述：\n\n第六项 Iridium 因素与本案无关。和解协议完全符合其余因素的范围……法院认定，和解协议公平、公正，且最符合债务人财产和债权人的利益。\n\n18. 然而，如前所述，法院因其对 Cyganowski 女士聘任事宜的担忧而拒绝批准该和解。鉴于修订后和解已如上文详述，充分解决了这些担忧，债务人谨此提交，现应批准修订后和解以及对 Cyganowski 女士的聘用。\n\n20-12411-jlg 文件 131 已提交 09/24/21 已录入 09/24/21 14:15:06 主文件 第 7 页，共 7 页 案件 22-50073 文件 406-4 已提交 05/20/22 已录入 05/20/22 12:13:10 第 8 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n19. 修订后和解的最终条款（包括有关聘用 Cyganowski 女士的修订条款）已与美国受托人办公室审阅，且所有异议均已解决。因此，债务人正根据 2021 年 9 月 22 日听证会上获准的送呈通知，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，可于送呈日期前提交，该等异议随后将于 2021 年 10 月 20 日审理。\n\n因此，债务人谨请签发预先拟定的命令。\n\n日期：New York, New York 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） 债务人代理律师 1501 Broadway, 22nd Floor New York, New York 10036 (212) 221-5700\n\n签署人：/s/ Kevin J. Nash, Esq.（凯文·J·纳什，律师）\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（Genever Holdings有限责任公司，以下简称“债务人”）、Pacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙企业，以下简称“PAX”）及 Bravo Luck Limited（卓运有限公司，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特此见证：\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进行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 日就解除中止动议提交答复，Bravo Luck 亦就此提交异议[Dkts 21 and 22]。\n\n鉴于，PAX 于 2021 年 1 月 12 日提交其根据 11 U.S.C. 1112(b) 请求将债务人案件转换为第 7 章案件的命令，或备选地，根据 11 U.S.C. 1104(a) 请求委任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 与 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，并在保留各方权利的同时，确立通过第 11 章案件出售该住宅的程序。\n\n鉴于，债务人根据《破产程序规则》9019(a) 条就于 2021 年 2 月 26 日订立的初始协议提出批准动议（以下简称“该动议”）[Dkt 62]。\n\n鉴于，经 PAX 与 Bravo Luck 批准，债务人亦根据 11 U.S.C. §§105 和 363(b) 提出动议，聘任 Melanie L. Cyganowski (Ret.)（梅拉妮·L·赛加诺夫斯基，已退休，以下简称“Cyganowski 女士”）担任为和解目的的销售主管[Dkt 72]（以下简称“委任 Cyganowski 女士动议”）。\n\n1 大写术语具有下文所赋予的含义；如未另有定义，则具有各项动议中所赋予的含义。\n\n20-12411-jlg 文件 131-1 已提交 09/24/21 已录入 09/24/21 14:15:06 附件 A－修订后和解协议 第 2 页，共 12 页 案件 22-50073 文件 406-4 已提交 05/20/22 已录入 05/20/22 12:13:10 第 10 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n鉴于，为支持委任 Cyganowski 女士动议，债务人提交了 Melanie L. Cyganowski 于 2021 年 4 月 12 日作出的无利害关系声明[Dkt. 73]（以下简称“Cyganowski 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 提出的关切和异议（以下简称“修订后和解”）。\n\n鉴于，破产法院于 2021 年 9 月 1 日作出裁决，主要认定修订后和解符合《破产程序规则》9019(a) 条的标准，但由于 Cyganowski 女士直接向债务人提供法律意见，或在未根据 11 U.S.C. § 327 获得聘任的情况下，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，驳回了债务人的动议。\n\n鉴于，各方已按本协议规定再次进一步修改修订后和解，以解决法院在其 2021 年 9 月 1 日裁决中所述的关切，并解决 UST 的异议，继续努力以本协议所述方式、不诉诸进一步诉讼来解决其分歧；并且，作为各方协商的结果，各方已同意解决解除中止动议和转换动议，并在保留各方权利的同时，确立通过第 11 章案件出售该住宅的程序，如下所述。\n\n因此，鉴于本协议所载承诺及相互约定，且各方在此确认已收到并认可其充分性，各方特此同意、约定并规定如下：\n\n1. 定义。本协议所用但未另行定义的大写术语具有下列含义：\n\na. “批准命令”系指破产法院签发的准许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（美国纽约南区联邦破产法院）。\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 提起的、案号为 BVIHCM 2020/0137 的针对以下各方的诉讼：(i) Genever BVI，(ii) Bravo Luck，(iii) Kwok，及 (iv) Guo，其中请求包括执行：(a) 州法院诉讼中产生的判决书；及 (b) Bravo Luck 和 Guo 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”系指破产法院已录入批准命令且该命令已成为终局命令之日。\n\ng. “Genever BVI”系指 Genever Holdings Corporation（一家英属维尔京群岛公司），即债务人的 100% 所有者。\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，经该决议根据其中第 23 条修订。\n\nk. “住宅”系指位于 781 Fifth Avenue, New York, New York 10022 的 Sherry Netherland Hotel（雪莉-荷兰酒店）第 18 层整层公寓及附属单元。\n\nl. “决议”系指债务人先前通过的公司决议，正如法院 2021 年 9 月 1 日关于聘用 Cyganowski 女士作为债务人员工、按本协议规定担任债务人销售主管的裁决所提述者。\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. “销售主管聘任命令”系指破产法院根据本和解协议签发的、批准重新提出的聘用 Cyganowski 女士动议的单独命令。\n\no. “Sherry-Netherland 合作公寓董事会”系指 Sherry-Netherland 的合作公寓董事会。\n\n2. 指定销售主管的委任。债务人特此：(i) 根据经营协议第 9.3 条和第 23 条及该决议，行使其商业判断，聘用并委任 Cyganowski 女士仅作为雇员担任债务人的销售主管（以下简称“SO”）；及 (ii) 仅授予 Cyganowski 女士作为 SO 的权限，以按本协议规定控制和监督该住宅的出售，而不使 Cyganowski 女士承担任何其他职责或责任。本和解协议所载 Cyganowski 女士的聘用，应由破产法院根据销售主管聘任命令予以批准。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 Cyganowski 女士的聘用。各方相信，Cyganowski 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必需的专业知识。Cyganowski 女士为债务人、Bravo Luck 和 PAX 所接受。SO 将按下文规定监督并与受聘房地产经纪人对接，并将拥有债务人根据本协议和该决议所授予的最终权限，但须经破产法院批准，且 Bravo Luck 和 PAX 有权提出异议，就债务人的决策、出售程序以及对以下事项的选择行使该权限：(i) 合格买方（定义见下文）和合格要约（定义见下文）；以及 (ii) 该住宅出售的成功要约和备选要约。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，但应享有破产受托人所行使的同类权力，且该等权力严格限于本协议项下的聘用条款，并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 已提交 09/24/21 已录入 09/24/21 14:15:06 附件 A－修订后和解协议 第 4 页，共 12 页 案件 22-50073 文件 406-4 已提交 05/20/22 已录入 05/20/22 12:13:10 第 12 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n3. 经纪人。SO 应根据该决议授予的权限，依其商业判断并与各方协商，选择由债务人财产保留和聘用的房地产经纪人（以下简称“经纪人”），但 Bravo Luck 和 PAX 有权提出异议。Bravo Luck 和 PAX 应获准就经纪人角色向 SO 提议或推荐人选。Bravo Luck 和 PAX 有权面谈潜在经纪人。Bravo Luck 和 PAX 应就确定该住宅出售的时间安排及实现最大价值，与经纪人和 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 有权提出异议。SO 将就经纪人的报酬与 Bravo Luck 和 PAX 协商。经纪人应无利害关系且不存在利益冲突，如下文所述。在债务人提交前，应向 Bravo Luck 和 PAX 提供经纪人协议草案及无利害关系宣誓书，以供审阅和评论；其中应披露经纪人及其代表与 Miles Kwok、Kwok 的家庭成员及其各自律师、关联人士、附属机构和权益之间所有过去和现在的利益冲突、关联及财务关系，以及与 Bravo Luck 和 PAX 及其各自律师、关联人士、附属机构和权益之间的任何既往关联。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。各方同意就该住宅的营销适用下列条款，具体条款应由销售官（SO）在与债务人、Bravo Luck（布拉沃·拉克）和PAX（帕克斯）协商后确定，并如下文所规定：\n\na. 销售官应在与Bravo Luck和PAX协商后，为任何出售的最低要约设定底价。\n\nb. 销售官可在与Bravo Luck和PAX协商后，考虑对内部人士提出的要约，或PAX或其关联方提出的要约施加限制。\n\nc. 经纪人应充分披露经纪人及其代表将收取的所有费用、成本及任何其他直接或间接报酬。\n\nd. 销售官应与经纪人协调，并在与债务人、Bravo Luck和PAX协商后，制定出售该住宅的程序，包括布置、营销策略和流程、确定潜在买家、国际推广、设定底价和目标售价、还价、协商让步等，并在必要时与Sherry-Netherland（雪莉-内瑟兰）进行协调。\n\ne. 销售官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程序和规程，包括期限、最低售价、目标售价，以及出售该住宅的时间、地点和方式。尽管本协议有任何相反规定，出售程序的期限应限于自聘用经纪人之日起180天，但经债务人、Bravo Luck和PAX书面同意，或法院（Court）在有正当理由的情况下作出进一步命令，可予延长。\n\nf. 居住在该住宅内的人员应在提前24小时通知后开放该住宅供人看房。\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，并应接受更高且更优的要约。如收到一份以上合格要约，销售官应在与债务人、Bravo Luck和PAX协商后，安排一场所有合格买家均可参加的拍卖。\n\nb. 中标合格买家的选择应由销售官在与债务人、经纪人、Bravo Luck和PAX协商后作出。\n\nc. 出售须经破产法院（Bankruptcy Court）批准由债务人准备并提交的出售动议（Sale Motion）；该动议草案应在提交前提供给Bravo Luck和PAX审阅和批准。\n\nd. 尽管本和解协议（Settlement Agreement）有任何其他规定，并在适用法律允许的范围内，该住宅的出售应以Sherry-Netherland与债务人之间订立的特定专有租赁合同（Proprietary Lease）的转让为条件；各方在该专有租赁合同或适用法律项下的一切权利和义务均明确保留。\n\ne. Bravo Luck和PAX应可接触销售官和经纪人，并应被充分告知出售程序的进展情况、收到的所有要约，以及与该住宅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；如发生任何争议，销售官应依据《经营协议》（Operating Agreement）第9.3节授予Cyganowski女士（Ms. Cyganowski）的作为管理人员的权限，拥有最终决定权。\n\ng. 出售总收益扣除惯常的交割成本和费用（包括无需破产法院进一步命令的销售官费用和支出，以及在通知所有各方后须经破产法院批准的经纪人合理费用和支出）后，不作其他扣除，应按下文规定存入托管账户，但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控制权，也不负有任何义务；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经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在全国范围内获得认可、经债务人、Bravo Luck和PAX合理接受并经破产法院批准的有担保银行。\n\ni. 应与Sherry-Netherland合作公寓委员会（Sherry-Netherland Co-op Board）协商，以确认开展和完成该住宅出售所需委员会批准的程序和时间安排。\n\n6. 批准权限。销售官应监督出售程序，并应首先通过经纪人以与该住宅地位相称的商业上合理方式营销该住宅，以努力确定一个或多个可接受的竞争性买家（各称为“合格买家”（Qualified Buyer））提出的一个或多个可接受的竞争性要约（各称为“合格要约”（Qualified Offer））。如销售官确定拍卖将产生更高且更优的要约，或破产法院作出进一步命令，可进行拍卖。在事先与债务人、Bravo Luck和PAX协商后，并以破产法院批准及Bravo Luck和PAX享有提出异议的权利为条件，销售官对该住宅的营销和出售拥有最终批准权，包括如下事项：\n\na. 决定出售程序，无论采用传统方式、私下出售、拍卖、其组合或其他程序；\n\nb. 确定哪些潜在买家属于合格买家；\n\nc. 确定哪些要约属于合格要约；\n\nd. 在必要时安排拍卖并确定拍卖程序，包括分手费、所需加价要约及其他程序；\n\ne. 确定哪一合格要约为最高且在其他方面最优的要约，以及哪一合格要约为次高且在其他方面最优的要约；\n\nf. 拒绝任何以下要约：(i) 不充分或不足；(ii) 不符合出售程序（如上文第5节所规定）的要求或《破产法》（Bankruptcy Code）的要求；或(iii) 有违债务人及其财产最佳利益；\n\ng. 豁免就任何潜在买家所规定的任何条款和条件；\n\nh. 就任何潜在买家和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，而无需进一步通知；\n\nk. 修改出售程序；和/或\n\nl. 随时撤回出售动议，无论是否不妨害再次提出。\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继续进行、债务人抗辩目前在纽约州最高法院（New York Supreme Court）案卷号652077/2017项下待决的州法院诉讼（State Court Action）；但自动中止在其他一切目的下仍然有效，包括与执行或收取在该州法院诉讼中对债务人作出的任何判决有关的事项，直至在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之外处理任何该等问题的适当法院，且各方的所有权利均明确保留。\n\nb. 本协议任何内容均不应损害任何一方的权利，包括Bravo Luck和PAX继续进行英属维尔京群岛诉讼（BVI Litigation）的权利，但PAX、Bravo Luck、Kwok（郭文贵）、Guo（郭）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债权的权利，且PAX保留以任何理由反对该等债权的所有权利。此外，尽管本协议有任何相反规定，本协议任何内容均不应损害任何一方（包括Bravo Luck和PAX）在英属维尔京群岛、州法院或其他场所，对任何人（包括Bravo Luck、Kwok、Guo或其任何关联方，以及PAX或其任何关联方）继续进行任何及所有债权（如有）的权利，且Bravo Luck和PAX保留在适用法院反对该等债权的所有权利。\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其他任何一方提出任命受托人或转换的动议。但是，尽管本协议有任何相反规定，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不再有权重新提出或提交其转换动议，包括任命受托人；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，各方的所有权利和救济均明确保留。\n\nd. 销售官的推荐和任命：就签署本和解协议而言，债务人、Bravo Luck和PAX此前已同意由Cyganowski女士担任指定销售官。如第27(D)(f)款被触发，则Bravo Luck和PAX应各指定两名候选人，共指定四名候选人，供考虑担任指定销售官（各方共计四名）（下称“名单”）。各方应协商从该名单中选定一名一致同意的销售官。如各方无法就销售官的选定达成协议，则破产法院应从该名单中任命销售官，除非法院认定存在不可调和的冲突；其后，美国受托人办公室（Office of the United States Trustee）可在与Bravo Luck和PAX协商后，向法院推荐其他独立且无利害关系人士担任销售官。\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，以及其后按月计的该等费用，从现有保证金中予以抵扣；但自动中止在其他一切目的下仍然有效。\n\n8. 破产法院批准。本和解协议须经破产法院批准，并仅自生效日（Effective Date）起生效并对各方具有约束力。各方特此同意放弃关于批准命令（Approval Order）效力的14天上诉期间。债务人应请求破产法院在批准命令录入后立即将其定为最终、不可上诉的命令。Bravo Luck和PAX已经并将继续采取一切合理措施，以寻求批准本和解协议及录入批准命令，并抗辩对本和解协议的任何异议或对批准命令提起的上诉。\n\n9. 先决条件。本和解协议中规定的各方义务以生效日发生为条件。如破产法院拒绝录入批准命令，或批准命令在上诉中被撤销或推翻，则本和解协议不再具有任何效力或作用，各方各自的利益、权利、救济和抗辩应在不妨害权利的情况下恢复，如同本和解协议从未缔结和订立。\n\n10. 陈述与保证。各方均向其他各方陈述并保证：(a) 其有权签署并交付本和解协议，并履行其项下义务；(b) 各方均相信，按照本和解协议所规定，就本和解协议所涵盖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，未向任何一方提出任何承诺、协议、诱因、陈述或保证；(d) 本和解协议不违反亦不与任何一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含义的情况下自愿签署；(f) 在本和解协议签署前进行的谈判期间，以及在本和解协议的拟订和签署过程中，各方均由该方自行选择的律师代理；(g) 各方均已审慎、全面地审阅本和解协议全文，并已与各方自行选择的律师解决了有关本和解协议含义、法律性质及约束力的所有问题；以及 (h) 本和解协议具有合同性质，而非仅为陈述，且各方均已阅读、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一方承认责任或过错，且明确否认该等责任及过错。\n\n12. 进一步保证。自本和解协议签署之日起，为实现本和解协议的意图，各方应签署并交付其他方合理要求的任何文件或文书。\n\n13. 转让。未经 (a) 每一其他方事先书面同意（该等同意可由其自行全权决定拒绝给予），或 (b) 破产法院（Bankruptcy Court）的命令，任何一方不得转让其根据或就本和解协议享有的任何利益、承担的义务或责任。\n\n14. 继受人。本协议对各方及其各自的继受人、继承人、遗产和个人代表均具有约束力，并使其受益。\n\n15. 修订。本协议仅可通过经本协议各方正式授权代表签署的书面文件予以修改或修订。\n\n16. 完整性。本和解协议的各项规定构成本和解协议一体化、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。以电子方式传送或通过传真传送的副本应视为正本。\n\n18. 标题。本和解协议的标题仅为便利及参考而设，并不界定、限制或描述本和解协议的范围，或其任何规定的范围或内容。\n\n19. 准据法。本和解协议应受《破产法典》（Bankruptcy Code）管辖，并依其解释。\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。本和解协议构成各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规定可作两种或以上解释，其中一种解释将使该规定无效、可撤销或不可执行，而另一种解释将使该规定有效且可执行，则该规定应具有使其有效且可执行的含义。\n\n23. 所有各方均起草了本和解协议。合同中歧义应作不利于起草人解释的解释规则不适用于本和解协议，因为各方均参与起草其条款，且所有各方均放弃在解释本和解协议时适用该等解释规则。\n\n20-12411-jlg 文件 131-1 于 09/24/21 提交 于 09/24/21 14:15:06 录入 附件 A - 经修订的和解协议 第 10 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 录入 第 18 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n24. 授予利益。本和解协议中的任何内容均不得解释为向各方以外的任何个人或实体授予任何利益。\n\n25. 前言条款。前言条款真实、正确，并如同在本协议中完整列明一样纳入本协议。\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，United States Trustee）的关切和异议而增设的规定\n\nA. 债务人获授权聘用Cyganowski女士（Ms. Cyganowski）作为雇员，依照经修订的经营协议和章程担任指定SO，以履行本和解协议规定的特定义务和职责，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，以现行每小时$1,400的计费费率为基础，其全部报酬均应依照《破产法典》第503条作为行政费用债权处理。债务人应在出售该住宅的申请中寻求授权，以支付Cyganowski女士的费用和开支。\n\nC. SO的权利、职责和义务应无需债务人的成员和经理进一步批准即可履行，因为债务人已在行使其商业判断时给予该等批准；但SO应定期向债务人的成员和经理报告；且对出售该住宅的最高及最佳报价的批准，应在发出通知后接受破产法院的进一步命令。\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（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（例如但不限于担任律师、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（Bravo Luck Limited）和PAX（Pacific Alliance Asia Opportunity Fund L.P.）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女士承担不同于本和解协议所设想职能的职责，(ii) 实质性变更聘用条款，(iii) 修改其项下规定的职能，(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，并至少在依据本协议作出任何付款前二十（20）日，向破产法院提交或促使提交Cyganowski女士已获报酬及开支的报告，并向已在本第11章案件中提交出庭通知的当事人（UST、Bravo Luck和PAX）发出通知。\n\ne. 就因任何类型的任何索赔而产生或与之有关的所有判决、费用和开支，包括合理的律师费（该等律师费应在其发生时经法院批准后根据赔偿义务支付），如该等索赔系针对Cyganowski女士或其代理人以SO或其代理人身份而提出，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职员相同的方式获得预付和赔偿，但经不再可上诉的终局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。本协议任何内容均不限制Cyganowski女士依法享有的任何抗辩，亦不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、无行为能力、辞职或被免职的情形，应依照本和解协议及破产法院的进一步命令，按照初始选择SO的相同程序选定替任SO。\n\nE. Cyganowski女士应在与债务人、PAX和Bravo Luck协商后，就该住宅的出售和营销，依照本和解协议的条款作出决定，运用其商业判断，并以破产法院根据11 U.S.C. §363(b)和(f)及1123批准出售该住宅为前提。债务人已修订经营协议，并特此再次确认：(i) 聘用Cyganowski女士担任SO，以履行本协议所规定的所有职责和责任；(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的权限；以及 (iii) 如发生死亡、无行为能力、辞职或被免职的情形，应依照本和解协议选定替任SO。尽管有前述规定，本协议任何内容均不解除债务人作为占有中的债务人的职责。\n\nF. 如本和解协议、该动议、聘用函和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[签名载于下一页]\n\n日期：September 24, 2021\n\nGenever Holdings LLC（Genever Holdings LLC）\n\n签署人：/s/Kevin J. Nash\nKevin J. Nash（凯文·J·纳什）\nGoldberg Weprin Finkel Goldstein LLP（戈德伯格·韦普林·芬克尔·戈德斯坦律师事务所）\n1501 Broadway, 22nd Floor\nNew York, NY 10022-5520\n212-301-6944\nKNash@qwfglaw.com\n债务人Genever Holdings, LLC的代理律师\n\nPacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙）\n\n签署人：/s/ Douglas E. Spelfogel\nDouglas E. Spelfogel（道格拉斯·E·斯佩尔福格尔）\nFoley & Lardner LLP（福利及拉德纳律师事务所）\n90 Park Avenue\nNew York, NY 10016-1314\n212-682-7474\ndspelfogel@foley.com\n\nPacific Alliance Asia Opportunity Fund L.P.的代理律师\n\nBravo Luck Limited（Bravo Luck Limited）\n\n签署人：/s/ Fran J. Lawall\nFrancis J. Lawall（弗朗西斯·J·拉沃尔）\nTroutman Pepper Hamilton Sanders LLP（特劳特曼·佩珀·汉密尔顿·桑德斯律师事务所）\n3000 Two Logan Square\nEighteenth and Arch Streets\nPhiladelphia, PA 19103-2799\n215-981-4000\nFrancis.lawall@troutman.com\nBravo Luck Limited的代理律师\n\n20-12411-jlg 文件 131-2 于 09/24/21 提交 于 09/24/21 14:15:06 录入 附件 B - 聘用函 第 1 页，共 5 页 案件 22-50073 文件 406-4 于 05/20/22 提交 于 05/20/22 12:13:10 录入 第 21 页，共 25 页 441-4 05/25/22 05/26/22 15:59:53\n\n230 Park Avenue\nNew York, NY 10169\notterbourg.com\n212 661 9100\n\nMelanie L. Cyganowski（梅拉妮·L·西加诺夫斯基）\n本所成员\nmcyganowski@otterbourg.com\n212 905 3677\n\nSeptember 24, 2021\n\nYanping Wang（王燕平）\nGenever Holdings LLC的正式授权代表\nThe Sherry-Netherland\n781 Fifth Avenue\nUnit 1801\nNew York, New York 10022\n\n事由：Genever Holdings LLC；案件编号20-12411 (JLG)\n\n尊敬的Wang先生：\n\n2020年10月12日，Genever Holdings LLC（杰纳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”）。公司目前依照United States Code（美国法典）title 11（以下简称“Bankruptcy Code”）第11章，以占有中的债务人身份经营。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，以下简称“PAX”）及Bravo Luck Limited（布拉沃幸运有限公司，以下简称“Bravo Luck”）共同拟订的和解协议[Dkt. No. 62]（以下简称“第一和解动议”），并提交动议，请求聘任我代表公司的破产财产担任指定销售官[Dkt. Nos. 72, 73]（以下简称“第一聘任动议”）。2021年9月1日，法院驳回了第一和解动议及第一聘任动议。[Dkt. No. 123]。\n\n根据我与公司破产法律顾问Kevin J. Nash, Esq.（凯文·J·纳什律师）的讨论，我获悉，公司将提交经第二次修订的动议，请求批准由公司、PAX及Bravo Luck Limited共同订立的第二次修订及重述和解协议（以下简称“拟议和解协议”），并且公司拟根据经修订的聘用函，在破产案件中聘任我担任销售官。本函旨在确认公司与我之间关于我受聘担任销售官的经修订理解和协议（以下简称“本协议”），并载明该聘用的条款和条件，包括拟提供服务的范围及该等服务的报酬结构。\n\n服务说明\n\n· 就本次聘用而言，我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（雪梨-荷兰人公寓），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Local Bankruptcy Rule 1007-2（地方破产规则1007-2）提交的声明[Dkt. No. 1]，该权益“由约3,000股Sherry Netherland cooperative stock及相应的专有租约予以记载”。\n\n· 作为销售官，我将仅为按照拟议和解协议所规定控制及监督住宅出售之目的，行使拟议和解协议（经法院批准）规定的权力并履行其中规定的职责，而不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，并通知Office of the U.S. Trustee（美国受托人办公室）且给予其提出异议机会后，公司可寻求让我承担不同于本函规定职能的职责，或扩展至其他领域，或变更或扩大聘用范围；该等救济应通过向法院提交动议以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采取进一步行动，即可履行和解协议规定的所有该等职责及义务。\n\n合作\n\n· 公司应向我及我的代理人提供其占有或控制的、公司认为与拟议出售住宅有关的所有信息，并应提供我就履行销售官职责所要求的所有信息。\n\n职责限制\n\n· 我不就住宅出售可能或将会产生的出售所得金额（如有）作出任何陈述或保证。\n\n· 我不负责、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、承担义务及承担责任。\n\n· 我（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（例如且不限于作为律师、法律顾问、财务顾问、审查员、受托人或投资者/收购方）。我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.不根据本函作出任何陈述，亦不根据本函承担任何义务。\n\n报酬\n\n· 我的服务将按小时计费，依据我目前每小时$1,400的计费费率。公司应就出售住宅的申请寻求授权支付我的费用及开支。就我的费率上调而言，我应向法院提交补充声明，并在任何费率上调前十个营业日向美国受托人发出通知。补充声明应载明所请求的费率上调，说明请求费率上调的依据，并证明公司已同意所请求的费率上调。\n\n· 向公司计费的支出包括但不限于非本地电话、传真及其他电信费用、交通、复制、递送及信使服务、如有需要的计算机研究费用（按该等研究的实际成本计费），以及其他支出。\n\n· 我产生的所有费用及开支将以我记录或发生的实际时间收费及支出为基础。为本次聘用之目的，该等费用及开支应在住宅出售完成前持续累积，并将在提交申请后，立即从出售住宅所产生的出售所得中支付。\n\n· 我产生及累积的所有费用及开支，均应根据破产法典在本破产案件中作为管理费用予以处理和准许。所有该等累积收费的摘要应定期向法院提交，并提供给已提交出庭通知的任何当事人及美国受托人。\n\n· 对于以我作为销售官或我的代理人的身份向我提出的任何及所有类型的索赔所产生或与之相关的所有判决、成本、合理开支，包括法律费用（该等费用应在法院批准后于发生时根据补偿支付），公司破产财产应以与债务人其他高级职员相同的方式向我（及我的代理人）提供预支及补偿；但经不再可上诉的终局命令认定为重大过失、故意不当行为、欺诈或违反信义义务的情形除外。本函任何规定均不限制法律允许的任何抗辩，亦不剥夺我就任何我可提出抗辩的作为或不作为获得补偿的权利。我应被列为债务人与AIG Property and Consulting Company（美国国际集团财产与咨询公司）现有责任保险单项下的附加被保险人。\n\n期限\n\n· 本聘用应自法院作出命令批准我代表公司担任销售官之日起生效，并应于以下任一事项最先发生时终止：(i) 法院作出命令驳回破产案件；(ii) 法院作出命令将公司的第11章破产案件转换为破产法典第7章下的案件；及(iii) 法院作出命令终止我作为销售官所提供的服务。\n\n法院批准\n\n· 公司应作出商业上合理的努力，及时取得法院对我代表公司担任销售官的批准。该法院批准应规定，本聘用自法院作出命令批准我担任销售官之日起生效，并应纳入本函的所有条款。\n\n其他事项\n\n· 本协议，包括但不限于其解释和释义，以及根据本协议产生或与本协议有关的所有索赔、争议及纠纷，均应受State of New York（纽约州）法律管辖并依其解释，而不考虑会适用其他司法管辖区法律的法律冲突原则。本协议各方同意，就本协议各方或代表本协议各方提起的、涉及或源于销售官在本协议项下的聘用、履行或未履行的任何事项所提起的任何诉讼、程序或反诉，放弃陪审团审判。本协议各方同意，破产法院应保留对本协议项下产生的任何争议的专属管辖权，并放弃其在任何司法管辖区法律项下以任何理由（包括但不限于不便法院）对与本协议有关的任何争议和/或诉讼在Bankruptcy Court SDNY（纽约南区破产法院）的管辖权或审判地提出异议的任何及所有个人权利。\n\n· 本协议对本协议各方及其各自的继承人、继受人和受让人具有约束力，包括但不限于任何获任命的第11章或第7章受托人。\n\n请代表公司签署本函副本并将其返还给我，以确认贵方同意本聘用函。当然，如有任何问题或意见，请致电我与我讨论。\n\n谨致，\n\n/s/ Melanie L. Cyganowski（梅拉妮·L·齐加诺夫斯基）\n\n同意并接受：\n\n/s/ YANPING WANG（王艳萍） 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","Ho Wan Kwok"],"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"},{"doc_number":406,"court":"CTB"}],"word_count":9118,"status":"published","published_at":"2021-09-24 00:00:00","created_at":"2021-09-24","updated_at":"2026-08-23 20:46:48"}