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Full title: Initial Reporting Requirements Filed by Adara Enterprises Corp.. (Gellert, Ronald) (Entered: 05/18/2021)

Document posted on May 17, 2021 in the bankruptcy, 5 pages and 1 tables.

Bankrupt11 Summary (Automatically Generated)

Certificates of insurance must name United States Trustee as a party to be notified in the event of policy cancellation.Examples of acceptable evidence of Debtor in Possession Bank accounts include voided checks, copy of bank deposit agreement/certificate of authority, signature card, and/or corporate checking resolution.A :Transportation Insurance Company 20494D INSURER B :Valley Forge Insurance Company sBridge Enterprises, Inc. INSURER C :Indian Harbor Ins.36940EAST 57TH ST SUITE 1-A INSURER D : INSURER E : YORK NY 10022 INSURER F : RAGES CERTIFICATE NUMBER:CL2151269273 REVISION NUMBER: (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)ce of the United States Trustee is included as an additional notice party as respects to thectors & Officers Liability, General Liability and Workers Compensationce of the United States Trustee King Street, Suite 2207,

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UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re ADARA ENTERPRISES CORP Case No. 21-10736 Debtor INITIAL MONTHLY OPERATING REPORT File report and attachments with Court and submit copy to United States Trustee within 15 days after order for relief. Certificates of insurance must name United States Trustee as a party to be notified in the event of policy cancellation. Bank accounts and checks must bear the name of the debtor, the case number, and the designation "Debtor in Possession." Examples of acceptable evidence of Debtor in Possession Bank accounts include voided checks, copy of bank deposit agreement/certificate of authority, signature card, and/or corporate checking resolution. Document Explanation REQUIRED DOCUMENTS Attached Attached X Eight week cash flow is attached per discussion with 12-Month Cash Flow Projection (Form IR-1) UST Certificates of Insurance: Workers Compensation X Property NA General Liability X Vehicle NA Other: X NA Identify areas of self-insurance w/liability caps NA Evidence of Debtor in Possession Bank Accounts Tax Escrow Account NA – SEE D.I. 31 General Operating Account X Money Market Account pursuant to Local Rule 4001-3 for the NA District of Delaware only. Refer to: http://www.deb.uscourts.gov/ Other: NA Retainers Paid (Form IR-2) X I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief. May 18, 2021 Signature of Debtor Date Signature of Joint Debtor Date Signature of Authorized Individual* Date Printed Name of Authorized Individual Title of Authorized Individual ♦Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

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TIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. ORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to thetificate holder in lieu of such endorsement(s). CER CONTACT Donna Minet NAME: & Son Corp. P(AH/CO,N NEo, Ext): (516)228-1234 F(AA/XC, No):(516)228-1235outh Service Road, Ste 210 E-MAIL Donna.Minet@FoaSon.com ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC ille NY 11747-2357 INSURER A :Transportation Insurance Company 20494D INSURER B :Valley Forge Insurance Company sBridge Enterprises, Inc. INSURER C :Indian Harbor Ins. Co. 36940EAST 57TH ST SUITE 1-A INSURER D : INSURER E : YORK NY 10022 INSURER F : RAGES CERTIFICATE NUMBER:CL2151269273 REVISION NUMBER: S IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,LUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. ADDLSUBR POLICY EFF POLICY EXP TYPE OF INSURANCE INSD WVD POLICY NUMBER (MM/DD/YYYY) (MM/DD/YYYY) LIMITSCOMMERCIAL GENERAL LIABILITY
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None None None None None None None DAMAGE TO RENTED
PREMISES (Eaoccurrence)
None None None None None 1/23/2021 1/23/2022 MEDEXP(Anyoneperson)
None None None None None PERSONAL &ADVINJURY
None None None None None GENERAL AGGREGATE
None None None None None PRODUCTS - COMP/OP AGG
None None None None None BAIL
None None COMBINED SINGLE LIMIT
(Eaaccident)
None None None None None BODILY INJURY(Perperson)
None None None None None BODILY INJURY(Peraccident)
None None None None None PROPERTY DAMAGE
(Peraccident)
None None None None None
UMBRELLA LIAB OCCUR
EXCESS LIAB CLAIMS-MADE
EACHOCCURRENCE
None None None None None AGGREGATE
None None N / A 6080282861 X PER OTH-
STATUTE ER
E.L.EACHACCIDENT
None None None None None 12/15/2020 12/15/2021 E.L. DISEASE - EA EMPLOYEE
None None None None None E.L. DISEASE - POLICY LIMIT
None None None None None 5/30/2020 7/29/2021 None
None None None None None None
IPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)ce of the United States Trustee is included as an additional notice party as respects to thectors & Officers Liability, General Liability and Workers Compensationce of the United States Trustee King Street, Suite 2207, Lockbox 35 ington, Delaware 19801 ntion: Joseph McMahon IFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFOROffice of the United Trust THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS. Attn: Joseph McMahon 844 King Street, Suite 2207 Lockbox 35 AUTHORIZED REPRESENTATIVE

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May 7, 2021 ADARA ENTERPRISES CORP 411 E 57TH ST, SUITE 1-A NEW YORK NY 10022 To Whom It May Concern: This letter serves as confirmation that ADARA ENTERPRISES CORP account has been converted to a Bankruptcy Checking account. We request that you maintain the confidentiality of this information. Should you have any further questions, please feel free to contact the undersigned at (646) 495- 4690. Sincerely, Randy Dhanraj Senior Client Associate

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DARA ENTERPRISES CORP. Case No. 21-10736 Debtor Reporting Period: Through April 22, 2021 SCHEDULE OF RETAINERS PAID TO PROFESSIONALS (This schedule is to include each Professional paid a retainer 1) Check Amount Applied to Payee Date Number Name of Payor Amount Date Balance Loeb & Loeb LLP February 17, GlassBridge Enterprises, Inc. on behalf of Adara Enterprises $200,000 $177,322.84 $22,667.17 2021 Corp. Gellert Scali Busenkell & March 12, Adara Enterprises Corp. $25,000 $10,000 $15,000 Brown, LLC 2021 Donlin Recano & Co, Inc. March 29, Adara Enterprises Corp. $15,000 $7,816.88 $7,183.12 2021 1 Identify all Evergreen Retainers Form IR-2 (4/07)

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