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Full title: Plan SupplementNotice of Filing of Plan Supplement (related document(s)15, 16, 42, 43) Filed by Adara Enterprises Corp. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4 Exhibit D # 5 Exhibit E # 6 Exhibit F # 7 Exhibit G # 8 Exhibit H # 9 Exhibit I # 10 Exhibit J) (Gellert, Ronald) (Entered: 05/13/2021)

Document posted on May 12, 2021 in the bankruptcy, 4 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

PLEASE TAKE FURTHER NOTICE that on April 27, 2021, the Bankruptcy Court entered the Order (I) Scheduling a Combined Hearing On (A) Adequacy Of Disclosure Statement, (B) Confirmation Of Plan, and (C)Plan Supplement documents: Exhibit A – Inter-Company Loan Agreement Exhibit B – Amended and Restated Certificate of Incorporation Exhibit C – Amended and Restated Bylaws Exhibit D – Post-Closing Resolutions of the Shareholders Appointing Director Exhibit E – Post-Closing Board Resolutions Exhibit F – Stock Certificates Exhibit G – IP Grant Exhibit H – Lender and GlassBridge Release NOTICE that, subject to applicable consent rights contained in the Plan and Restructuring Support Agreement, the Debtor reserves all rights to amend, revise, or supplement the Plan Supplement, and any of the documents and designations contained therein, at any time before the Effective Date of the Plan, or any such other date as may be provided for by the Plan or by order of the Bankruptcy Court; provided that if any document in the Plan Supplement is altered, modified, or supplemented in any material respect, the Debtor will file a revised version of such document with the Bankruptcy Court.NOTICE that the Debtor will seek approval of the Disclosure Statement and confirmation of the Plan at a hearing scheduled for June 9, 2021 at 11:00 a.m. (prevailing Eastern Time ) before the Honorable J. Kate Stickles at the United States Bankruptcy Court for the District of Delaware, 824 Market Street, 3rd Floor, Courtroom No. 7, Wilmington, Delaware 19801.Copies of the Plan may also be obtained by contacting the Claims Agent at 1-866-406-2286, or by contacting Debtor’s counsel, (a) Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154 (Attn: Daniel Besikof, Esq., dbesikof@loeb.com and Bethany Simmons, Esq., bsimmons@loeb.com), and (b) Gellert, Scali, Busenkell & Brown, LLC, 1201 N. Orange Street, Suite 300, Wilmington, Delaware 19801 (Attn: Ronald Gellert, Esq., rgellert@gsbblaw.com).

Document Contents

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 ADARA ENTERPRISES CORP.,1 Case No. 21-10736 (JKS) Debtor. RE: D.I. 15, 16, 42, 43 Hearing Date: June 9, 2021 at 11:00 am (ET) Objection Deadline: May 27, 2021 at 4:00 pm (ET) NOTICE OF FILING OF PLAN SUPPLEMENT PLEASE TAKE NOTICE that on April 22, 2021, the debtor and debtor in possession (the “Debtor”) filed the Prepackaged Chapter 11 Plan of Reorganization of Adara Enterprises Corp. [D.I. 15] (the “Plan”) and Disclosure Statement for the Prepackaged Plan of Reorganization of Adara Enterprises Corp. [D.I. 16] (the “Disclosure Statement”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). PLEASE TAKE FURTHER NOTICE that on April 27, 2021, the Bankruptcy Court entered the Order (I) Scheduling a Combined Hearing On (A) Adequacy Of Disclosure Statement, (B) Confirmation Of Plan, and (C) The Assumption Of Executory Contracts and Cure Amounts; (Ii) Approving Form and Manner Of Notice Of (A) Combined Hearing, (B) Commencement Of Chapter 11 Case, and (C) Assumption Of Executory Contracts and Cure Amounts Related Thereto, and Objection Deadlines; (III) Establishing Procedures For Objecting To (A) Disclosure Statement, (B) Plan, and (C) Proposed Assumption or Rejection Of Executory Contracts and Cure 1 The last four digits of the Debtor’s federal tax identification number are 8502. The Debtor’s address is 411 E 57th Street Suite 1-A, New York, New York 10022.

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Amounts; (IV) Conditionally Directing The United States Trustee Not To Convene a Section 341 Meeting Of Creditors; and (V) Granting Related Relief [D.I. 42] (the “Confirmation Procedures Order”), which set certain deadlines with respect to approval of the Disclosure Statement and confirmation of the Plan. PLEASE TAKE FURTHER NOTICE that as contemplated by the Plan and the Confirmation Procedures Order, the Debtor hereby files the following Plan Supplement documents: Exhibit A – Inter-Company Loan Agreement Exhibit B – Amended and Restated Certificate of Incorporation Exhibit C – Amended and Restated Bylaws Exhibit D – Post-Closing Resolutions of the Shareholders Appointing Director Exhibit E – Post-Closing Board Resolutions Exhibit F – Stock Certificates Exhibit G – IP Grant Exhibit H – Lender and GlassBridge Release Exhibit I – GlassBridge and Adara Entities Release Exhibit J – Distribution Trust Agreement PLEASE TAKE FURTHER NOTICE that, subject to applicable consent rights contained in the Plan and Restructuring Support Agreement, the Debtor reserves all rights to amend, revise, or supplement the Plan Supplement, and any of the documents and designations contained therein, at any time before the Effective Date of the Plan, or any such other date as may be provided for by the Plan or by order of the Bankruptcy Court; provided that if any document in

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the Plan Supplement is altered, modified, or supplemented in any material respect, the Debtor will file a revised version of such document with the Bankruptcy Court. PLEASE TAKE FURTHER NOTICE that the Debtor will seek approval of the Disclosure Statement and confirmation of the Plan at a hearing scheduled for June 9, 2021 at 11:00 a.m. (prevailing Eastern Time ) before the Honorable J. Kate Stickles at the United States Bankruptcy Court for the District of Delaware, 824 Market Street, 3rd Floor, Courtroom No. 7, Wilmington, Delaware 19801. PLEASE TAKE FURTHER NOTICE THAT the deadline for filing objections to approval of the Disclosure Statement or confirmation of the Plan is May 27, 2021 at 4:00 p.m. (prevailing Eastern Time). Any objection to approval of the Disclosure Statement or confirmation of the Plan must comply with paragraphs 5 and 6 of the Confirmation Procedures Order. PLEASE TAKE FURTHER NOTICE that copies of the Plan and Disclosure Statement may be obtained by visiting the Bankruptcy Court’s website at www.deb.uscourts.gov, or free of charge by visiting the website maintained by the Debtor’s claims and noticing agent, Donlin Recano & Company, Inc. at www.donlinrecano.com/aec. Copies of the Plan may also be obtained by contacting the Claims Agent at 1-866-406-2286, or by contacting Debtor’s counsel, (a) Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154 (Attn: Daniel Besikof, Esq., dbesikof@loeb.com and Bethany Simmons, Esq., bsimmons@loeb.com), and (b) Gellert, Scali, Busenkell & Brown, LLC, 1201 N. Orange Street, Suite 300, Wilmington, Delaware 19801 (Attn: Ronald Gellert, Esq., rgellert@gsbblaw.com).

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Dated: May 13, 2021 Wilmington, Delaware GELLERT SCALI BUSENKELL & BROWN LLC /s/ Ronald S. Gellert Ronald S. Gellert (DE 4259) 1201 N. Orange Street, Suite 300 Wilmington, Delaware 19801 Telephone: (302) 425-5800 Facsimile: (302) 425-5814 Email: rgellert@sgbblaw.com – and – LOEB & LOEB LLP Daniel B. Besikof (admitted pro hac vice) Bethany D. Simmons (admitted pro hac vice) 345 Park Avenue New York, New York 10154 Telephone: (212) 407-4000 Facsimile: (646) 417-6335 Email: dbesikof@loeb.com; bsimmons@loeb.com Proposed Counsel to the Debtor and Debtor in Possession

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