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Full title: Findings of Fact, Conclusions of Law, and Order Confirming the Second Amended Joint Chapter 11 Plan for Klausner Lumber One LLC (related document(s)1004, 1010) Signed on 7/1/2021. (Attachments: # 1 Exhibit A) (Mml) (Entered: 07/01/2021)

Document posted on Jun 30, 2021 in the bankruptcy, 27 pages and 0 tables.

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Under the facts and circumstances of the Chapter 11 Case, the release, exculpation, injunction, and indemnification provisions in the Plan (the “Release Provisions”) are: (i) within the jurisdiction of this Court under 28 U.S.C. § 1334; (ii) an appropriate exercise of the Debtor’s business judgment; (iii) integral elements of the transactions incorporated into the Plan and inextricably bound with the other provisions of the Plan; (iv) in exchange for good and valuable consideration; (v) in the best interests of the Debtor, the Estate, and all Holders of Claims and Interests to the extent applicable; (vi) fair, equitable, and reasonable; (vii) given and made after due notice and an opportunity to object and be heard with respect thereto, as the Disclosure Statement, the Confirmation Hearing Notice, the ballots, and the notice of non-voting status each unambiguously state that the Plan contains certain release, exculpation, and injunction provisions, and therefore such releases are consensual as they pertain to Holders of Claims and Interests; (viii) are consistent with sections 105, 524, 1123, 1129, and 1141 and other applicable provisions of the Bankruptcy Code and other applicable law; and (ix) a bar to the assertion of any claim released pursuant to the release provisions as and to the extent provided for in the Plan and this Confirmation Order.The classifications set forth on the ballots (a) were set forth on the ballots solely for purposes of voting to accept or reject the Plan, (b) do not necessarily represent, and in no event shall be deemed to modify or otherwise affect, the actual classification of such Claims under the Plan for distribution purposes, (c) may not be relied upon by any Holder as representing the actual classification of such Claim under the Plan for distribution purposes, and (d) shall not be binding on the Debtor or the Plan Administrator except for Plan voting purposes.Except as otherwise specifically provided in the Plan and notwithstanding any requirements that may be imposed pursuant to Bankruptcy Rule 9019, after the Effective Date, the Plan Administrator shall have the sole authority to File and prosecute objections to Claims on behalf of the Post-Conformation Debtor, and the Plan Administrator shall have the sole authority, on behalf of the Post-Conformation Debtor, to: (a) settle, compromise, withdraw, litigate to judgment, or otherwise resolve objections to any and all Claims, regardless of whether such Claims are in a Class or otherwise; (b) settle, compromise, or resolve any Disputed Claim without any further notice to, or action, order, or approval of, the Bankruptcy Court; and (c) administer and adjust the Claims Register to reflect any such settlements or compromises without any further notice to, or action, order, or approval of, the Bankruptcy Court; provided, however, that nothing shall preclude the U.S. Trustee or other parties with requisite standing from objecting to any Claim.Except as otherwise set f

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) KLAUSNER LUMBER ONE LLC,1 ) Case No. 20-11033 (KBO) ) Debtor. ) RE: D.I. 1004 ) FINDINGS OF FACT, CONCLUSIONS OF LAW, AND ORDER CONFIRMING THE SECOND AMENDED JOINT CHAPTER 11 PLAN FOR KLAUSNER LUMBER ONE LLC Upon consideration of the Second Amended Joint Chapter 11 Plan of Liquidation for Klausner Lumber One LLC (the “Plan”) attached hereto as Exhibit A (together with all exhibits thereto, and as may be amended, modified, or supplemented, the “Plan”) jointly proposed by Klausner Lumber One LLC (the “Debtor”) and the Official Committee of Unsecured Creditors of Klausner Lumber One LLC (the “Committee”, and, together with the Debtor, the “Proponents”);2 and this Court having entered the Order (I) Approving Disclosure Statement, (II) Fixing Voting Record Date, (III) Approving Solicitation Materials and Procedures for Distribution Thereof, (IV) Approving Forms of Ballots and Establishing Procedures for Voting on Plan, (V) Scheduling Hearing and Establishing Notice and Objection Procedures in Respect of Confirmation of Plan, and (VI) Granting Related Relief [D.I. 917] (the “Disclosure Statement Order”); and upon the Certificate of Service filed reflecting compliance with the notice and solicitation requirements of the Disclosure Statement Order [D.I. 950, D.I. 964] (the “Notice Affidavit”); and upon the publication of the Notice of (I) Approval of Disclosure Statement, (II) Deadline for Casting Votes 1 The last four digits of the Debtor’s federal EIN are 9109. The Debtor’s mailing address is Klausner Lumber One LLC, P.O. Box 878, Middleburg, VA 20118. 2 Capitalized terms used herein that are not defined shall have the meaning ascribed to them in the Disclosure Statement and Plan, as applicable.

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to Accept or Reject the Plan, and (III) the Hearing to Consider Confirmation of the Plan [D.I. 933, D.I. 934, D.I. 935] (the “Confirmation Hearing Notice”); and upon the Declaration of John Burlacu of Donlin, Recano & Company Regarding the Solicitation and Tabulation of Votes Cast on the First Amended Joint Chapter 11 Plan [D.I. 1002] (the “Voting Declaration”); and upon the Declaration of Michael Freeman in Support of Confirmation of Second Amended Joint Chapter 11 Plan for Klausner Lumber One LLC and the exhibits attached thereto [D.I. 1003] (the “Freeman Declaration”); and upon the Debtor’s Memorandum of Law in Support of an Order Confirming Second Amended Joint Chapter 11 Plan for Klausner Lumber One LLC [D.I. 1001] (the “Confirmation Memorandum”); and any objections to the Plan having been resolved and/or overruled by this Court pursuant to this Confirmation Order; and a hearing to consider Confirmation having been held on July 1, 2021 (the “Confirmation Hearing”); and upon the evidence adduced and proffered and the arguments of counsel made at the Confirmation Hearing; and this Court having reviewed all documents in connection with Confirmation and having heard all parties desiring to be heard; and upon the record of the Chapter 11 Case; and after due deliberation and consideration of all of the foregoing; and sufficient cause appearing therefor: IT IS HEREBY FOUND AND DETERMINED THAT:3 A. Findings of Fact and Conclusions of Law. The findings and conclusions set forth herein constitute this Court’s findings of fact and conclusions of law pursuant to Rule 52 of the Federal Rules of Civil Procedure (the “Federal Rules”), made applicable to these proceedings pursuant to Rules 7052 and 9014 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy 3 All findings of fact and conclusions of law announced by this Court at the Confirmation Hearing in relation to confirmation of the Plan are hereby incorporated into this Confirmation Order to the extent not inconsistent herewith. Each finding of fact set forth or incorporated herein, to the extent it is or may be deemed a conclusion of law, shall also constitute a conclusion of law. Each conclusion of law set forth or incorporated herein, to the extent it is or may be deemed a finding of fact, shall also constitute a finding of fact.

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Rules”). To the extent any of the following findings of fact constitute conclusions of law, they are adopted as such. To the extent that any of the following conclusions of law constitute findings of fact, they are adopted as such. B. Jurisdiction. This Court has jurisdiction over the Chapter 11 Cases pursuant to 28 U.S.C. §§ 157 and 1334, and the Amended Standing Order of Reference from the United States District Court for the District of Delaware, dated as of February 29, 2012. This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2), this Court may enter a final order consistent with Article III of the United States Constitution, and the Debtor consents to entry of this Confirmation Order under the Local Rules and Article III of the United States Constitution. Venue of these proceedings and the Chapter 11 Cases is proper in this district and in this Court pursuant to 28 U.S.C. §§ 1408 and 1409. C. Chapter 11 Petition. On April 30, 2020 (the “Petition Date”), the Debtor commenced a voluntary case under chapter 11 of the Bankruptcy Code (the “Chapter 11 Case”). The Debtor has continued to manage its affairs as a debtor in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. On May 21, 2020, the U.S. Trustee appointed the Official Committee of Unsecured Creditors (the “Committee”) [D.I. 82]. No request has been made for the appointment of a trustee or an examiner. D. Judicial Notice. This Court takes judicial notice of the docket in the Chapter 11 Case maintained by the Clerk of this Court, including all motions, notices, and other documents filed, all orders entered, and all evidence and arguments made, proffered, or adduced at the hearings held before this Court during the Chapter 11 Case, including the Confirmation Hearing. E. Mailing of Solicitation and Confirmation Materials. As is evidenced by the Voting Declaration and the Notice Affidavit, the transmittal and service of the Plan, the Disclosure

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Statement, the ballots, the Confirmation Hearing Notice, and the notice of non-voting status were adequate and sufficient under the circumstances, and all parties required to be given notice of the Plan and the Confirmation Hearing (including the deadline for filing and serving objections to Confirmation of the Plan) have been given due, proper, timely, and adequate notice thereof in accordance with the Disclosure Statement Order and in compliance with the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and applicable non-bankruptcy law, and such parties have had an opportunity to appear and be heard with respect thereto. No other or further notice of the Plan and the Confirmation Hearing is required under the circumstances. F. Voting. The procedures by which the ballots for acceptance or rejection of the Plan were distributed and tabulated under the circumstances of the Chapter 11 Case were fair, properly conducted, and complied with the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, applicable non-bankruptcy law and the Disclosure Statement Order. G. Bankruptcy Rule 3016(a). In accordance with Bankruptcy Rule 3016(a), the Plan is dated and identifies the Debtor and the Committee of Unsecured Creditors as the Proponents. H. Plan Compliance with Bankruptcy Code (11 U.S.C. § 1129(a)(1)). As set forth below, the Plan complies with all of the applicable provisions of the Bankruptcy Code, thereby satisfying section 1129(a)(1) of the Bankruptcy Code. I. Proper Classification (11 U.S.C. §§ 1122, 1123(a)(1)). The classification of Claims and Interests under the Plan is proper under the Bankruptcy Code. Other than Administrative Expense Claims and Priority Tax Claims which need not be classified, the Plan designates eight Classes of Claims and Interests. The Claims or Interests placed in each Class are substantially similar to other Claims or Interests, as the case may be, in each such Class. Valid business, factual, and legal reasons exist for separately classifying the various Classes of Claims

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and Interests created under the Plan, and such Classes do not unfairly discriminate between Holders of Claims and Interests. Thus, the Plan satisfies sections 1122 and 1123(a)(1) of the Bankruptcy Code. J. Specification of Unimpaired Classes (11 U.S.C. § 1123(a)(2)). Article III of the Plan specifies that Class 1A (FS Secured Claims), Class 1B (Affiliate Secured Claims), Class 1C (Other Secured Claims) and Class 2 (Priority Claims) are Unimpaired under the Plan. Thus, section 1123(a)(2) of the Bankruptcy Code is satisfied. K. Specification of Treatment of Impaired Classes (11 U.S.C. § 1123(a)(3)). Article III of the Plan designates Class 3A (WARN Act Class Settlement Claims), Class 3B (Non-WARN Act Class Settlement Claims), Class 4 (FS Deficiency/Unsecured Claim), Class 5 (General Unsecured Claims), Class 6 (Affiliate Unsecured Claims), Class 7 (Subordinated Claims), and Class 8 (Interests) as Impaired and specifies the treatment of Claims and Interests in such Classes. Thus, section 1123(a)(3) of the Bankruptcy Code is satisfied. L. No Discrimination (11 U.S.C. § 1123(a)(4)). The Plan provides for the same treatment for each Claim or Interest in each respective Class, unless the Holder of a particular Claim or Interest has agreed to a less favorable treatment of such Claim or Interest. Thus, section 1123(a)(4) of the Bankruptcy Code is satisfied. M. Implementation of the Plan (11 U.S.C. § 1123(a)(5)). The Plan and the Plan Administrator Agreement provide adequate and proper means for the Plan’s implementation. Thus, section 1123(a)(5) of the Bankruptcy Code is satisfied. N. Non-Voting Equity Securities (11 U.S.C. § 1123(a)(6)). The Plan does not provide for the issuance of any securities, including non-voting securities, and the Debtor is being

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dissolved as soon as practicable on or after the Effective Date. Therefore, section 1123(a)(6) of the Bankruptcy Code is satisfied. O. Selection of Officers and Directors (11 U.S.C. § 1123(a)(7)). Article IV of the Plan provides that, on the Effective Date, the Plan Administrator shall assume control over the Post-Confirmation Estate, as set forth in the Plan Administrator Agreement. The Plan Administrator was selected by the Debtor and the Committee. The Plan Administrator’s successor, if any, shall be selected pursuant to the procedures set forth in the Plan Administrator Agreement. The Debtor’s officers and directors will be terminated upon the Effective Date, and the Debtor is not employing or retaining any insider. Therefore, section 1123(a)(7) of the Bankruptcy Code is satisfied. P. Additional Plan Provisions (11 U.S.C. § 1123(b)). The Plan’s provisions are appropriate, in the best interests of the Debtor and its Estate, and consistent with the applicable provisions of the Bankruptcy Code, Bankruptcy Rules and Local Rules. Q. Impairment/Unimpairment of Any Class of Claims or Interests (11 U.S.C. § 1123(b)(1)). Article III of the Plan Impairs or leaves Unimpaired, as the case may be, each Class of Claims and Interests, as contemplated by section 1123(b)(1) of the Bankruptcy Code. R. Executory Contracts and Unexpired Leases (11 U.S.C. § 1123(b)(2)). The Debtor has exercised reasonable business judgment in determining whether to assume, assume and assign, or reject the Debtor’s remaining Executory Contracts and Unexpired Leases as provided for in the Plan and this Confirmation Order, and any such assumptions and rejections are justified and appropriate in the Chapter 11 Case. The Debtor’s exercise of reasonable business judgment in determining whether to assume, assume and assign, or reject each of the Debtor’s remaining Executory Contracts and Unexpired Leases is justified and appropriate in the Chapter 11 Case.

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S. Releases, Exculpations and Injunctions (11 U.S.C. § 1123(b)). Under the facts and circumstances of the Chapter 11 Case, the release, exculpation, injunction, and indemnification provisions in the Plan (the “Release Provisions”) are: (i) within the jurisdiction of this Court under 28 U.S.C. § 1334; (ii) an appropriate exercise of the Debtor’s business judgment; (iii) integral elements of the transactions incorporated into the Plan and inextricably bound with the other provisions of the Plan; (iv) in exchange for good and valuable consideration; (v) in the best interests of the Debtor, the Estate, and all Holders of Claims and Interests to the extent applicable; (vi) fair, equitable, and reasonable; (vii) given and made after due notice and an opportunity to object and be heard with respect thereto, as the Disclosure Statement, the Confirmation Hearing Notice, the ballots, and the notice of non-voting status each unambiguously state that the Plan contains certain release, exculpation, and injunction provisions, and therefore such releases are consensual as they pertain to Holders of Claims and Interests; (viii) are consistent with sections 105, 524, 1123, 1129, and 1141 and other applicable provisions of the Bankruptcy Code and other applicable law; and (ix) a bar to the assertion of any claim released pursuant to the release provisions as and to the extent provided for in the Plan and this Confirmation Order. T. Notwithstanding anything to the contrary in subsections D and E of Article IX of the Plan, the release provisions set forth therein do not release (i) any post-Effective Date obligations of any party or Entity under the Plan, any Plan Document, or any document, instrument, or agreement executed to implement the Plan; (ii) subject to Article X.F of the Plan, claims against any Exculpated Party related to any act or omission that is determined in a Final Order to have constituted actual fraud, willful misconduct, or gross negligence; or (iii) any claims or Causes of Action of the Debtor, its Estate, the Plan Administrator or their successors (including any derivative Causes of Action that could be asserted on behalf of the Debtor or its Estate) against

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any of the Debtor’s current or former directors, officers and managers (other than the Debtor’s Chief Restructuring Officer, who is a Released Party and a Professional), except for the consensual Plan Settlement Releases exchanged in Article IV.A(2)(f) of the Plan among the Plan Settlement Parties. For the avoidance of doubt, nothing in the Plan or this Confirmation Order shall preclude the Plan Administrator or other successors of the Debtor and its Estate, from seeking or obtaining any recovery from the D&O Liability Insurance Policies or other available insurance, subject to the provisions of any such insurance policies and applicable law. Nothing in the Plan or this Confirmation Order discharges, releases, precludes, or enjoins and liability of a non-debtor to a Governmental Unit. U. Cure of Defaults (11 U.S.C. § 1123(d). Article V.C of the Plan provides for the satisfaction of Cure Claims associated with each Executory Contract and Unexpired Lease to be assumed in accordance with section 365(b)(1) of the Bankruptcy Code. Any monetary defaults under each Assumed Executory Contract or Unexpired Lease shall be satisfied, pursuant to section 365(b)(1) of the Bankruptcy Code, by payment of the cure amount in Cash, subject to the limitations described in Article V.C of the Plan, or on such other terms as the parties to such Executory Contracts or Unexpired Leases may otherwise agree. Any disputed cure amounts will be determined in accordance with the procedures set forth in Article V.C of the Plan, and applicable bankruptcy and nonbankruptcy law. As such, the Plan provides that the Debtor will cure, or provide adequate assurance that the Debtor will promptly cure, defaults with respect to assumed Executory Contracts and Unexpired Leases in accordance with section 365(b)(1) of the Bankruptcy Code. Thus, the Plan complies with section 1123(d) of the Bankruptcy Code. V. Debtor’s Compliance with Bankruptcy Code (11 U.S.C. § 1129(a)(2)). Pursuant to section 1129(a)(2) of the Bankruptcy Code, the Debtor has complied with the applicable

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provisions of the Bankruptcy Code, including, without limitation, sections 1122, 1123, 1124, 1125, and 1126, 1128, and 1129 of the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and the Disclosure Statement Order governing notice, disclosure, and solicitation in connection with the Plan, the Disclosure Statement, and all other matters considered by this Court in connection with the Chapter 11 Case. W. The Plan Proponents and their agents solicited votes to accept or reject the Plan after the Bankruptcy Court approved the adequacy of the Disclosure Statement, pursuant to section 1125(a) of the Bankruptcy Code and the Disclosure Statement Order. X. The Plan Proponents and their agents have solicited and tabulated votes on the Plan and have participated in the activities described in section 1125 of the Bankruptcy Code fairly, in good faith within the meaning of section 1125(e), and in a manner consistent with the applicable provisions of the Disclosure Statement Order, the Disclosure Statement, the Bankruptcy Code, the Bankruptcy Rules, and all other applicable rules, laws, and regulations and are entitled to the protections afforded by section 1125(e) of the Bankruptcy Code and the exculpation provisions set forth in Article X.F of the Plan. Y. Plan Proposed in Good Faith and Not by Means Forbidden by Law (11 U.S.C. § 1129(a)(3)). The Debtor has proposed the Plan in good faith and not by any means forbidden by law, thereby satisfying section 1129(a)(3) of the Bankruptcy Code. In determining that the Plan has been proposed in good faith, this Court has examined the totality of the circumstances surrounding the filing of the Chapter 11 Case, the Plan itself, and the process leading to its formulation. The Plan is the result of extensive arm’s-length negotiations among the Debtor, the Committee, and other key stakeholders and is supported by the Debtor’s requisite creditors and

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other parties in interest in the Chapter 11 Case. The Plan promotes the objectives and purposes of the Bankruptcy Code. Z. Payments for Services or Costs and Expenses (11 U.S.C. § 1129(a)(4)). The procedures set forth in the Plan for this Court’s approval of the fees, costs, and expenses to be paid in connection with the Chapter 11 Case, or in connection with the Plan and incident to the Chapter 11 Case, satisfy the objectives of, and are in compliance with, section 1129(a)(4) of the Bankruptcy Code. AA. Directors, Officers, and Insiders (11 U.S.C. § 1129(a)(5)). To the extent section 1129(a)(5) of the Bankruptcy Code applies to the Post-Confirmation Estate, the Debtor has satisfied the requirements of this provision by, among other things, disclosing the identity and compensation of the Plan Administrator. BB. No Rate Changes (11 U.S.C. § 1129(a)(6)). The Plan does not provide for any rate change that requires regulatory approval. Section 1129(a)(6) of the Bankruptcy Code is thus inapplicable. CC. Best Interests of Creditors (11 U.S.C. § 1129(a)(7)). The “best interests” test is satisfied as to all Impaired Classes under the Plan, as each Holder of a Claim or Interest in such Impaired Classes will receive or retain property of a value, as of the Effective Date, that is not less than the amount that such Holder would so receive or retain if the Debtor was liquidated under chapter 7 of the Bankruptcy Code. DD. Acceptance by Certain Classes (11 U.S.C. § 1129(a)(8)). Class 1A (FS Secured Claim), Class 1B (Affiliate Secured Claims), Class 1C (Other Secured Claims) and Class 2 (Priority Claims) are left Unimpaired under the Plan; Class 3A (WARN Act Class Settlement Claims), Class 4 (FS Deficiency/Unsecured Claim, Class 5 (General Unsecured Claims), Class 6

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(Affiliate Unsecured Claims), and Class 7 (Subordinated Claims) have voted to accept the Plan in accordance with the Bankruptcy Code, thereby satisfying section 1129(a)(8) as to those Classes. Since no creditor with a Claim in Class 3A (WARN Act Class Settlement Claims) opted out of such Class, there are no Claims in Class 3B (Non-WARN Act Class Settlement Claims). Class 8 (Interests) are deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Accordingly, section 1129(a)(8) of the Bankruptcy Code has not and cannot be satisfied. The Plan, however, is still confirmable because it satisfies the nonconsensual confirmation provisions of section 1129(b) as it relates to Class 8 (interests), as set forth in Section JJ, below. EE. Treatment of Administrative Expense Claims, Professional Fee Claims, Priority Tax Claims, and Other Priority Claims (11 U.S.C. § 1129(a)(9)). The treatment of Administrative Expense Claims, Priority Tax Claims, Professional Fee Claims, and Other Priority Claims pursuant to Article II of the Plan satisfies section 1129(a)(9) of the Bankruptcy Code. FF. Acceptance by Impaired Class (11 U.S.C. § 1129(a)(10)). Class 3A (WARN Act Class Settlement Claims), Class 4 (FS Deficiency/Unsecured Claim, Class 5 (General Unsecured Claims), Class 6 (Affiliate Unsecured Claims), and Class 7 (Subordinated Claims) are each an Impaired Class of Claims that voted to accept the Plan, determined without including any acceptance of the Plan by any insider. Therefore, section 1129(a)(10) of the Bankruptcy Code is satisfied. GG. Feasibility (11 U.S.C. § 1129(a)(11)). The evidence supporting the Plan proffered or adduced by the Debtor at or before the Confirmation Hearing: (a) is reasonable, persuasive, credible, and accurate as of the dates such evidence was prepared, presented, or proffered; (b) has not been controverted by other persuasive evidence; (c) establishes that the Plan is feasible and Confirmation of the Plan is not likely to be followed by liquidation or the need for further financial

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reorganization; and (d) establishes that the Debtor and the Post-Confirmation Debtor, as applicable, will have sufficient funds available to meet their obligations under the Plan. HH. Payment of Fees (11 U.S.C. § 1129(a)(12)). Article II.D of the Plan provides that all fees payable under 28 U.S.C. § 1930 have been paid or will be paid on or before the Effective Date pursuant to the Plan, thus satisfying section 1129(a)(12) of the Bankruptcy Code. II. Retiree Benefits (11 U.S.C. § 1129(a)(13), (14), (15) & (16)). The Debtor does not provide “retiree benefits” as such term is defined in section 1144 of the Bankruptcy Code, the Debtor is not required by a judicial or administrative order, or by statute, to pay a domestic support obligation, the Debtor is not an individual, and the Debtor is a moneyed, business, or commercial corporation. Therefore, sections 1129(a)(13), (14), (15), and (16) of the Bankruptcy Code are inapplicable to the Plan. JJ. No Unfair Discrimination; Fair and Equitable Treatment (11 U.S.C. § 1129(b)). The classification and treatment of Interests in Class 8 (Interests), which is deemed to have rejected the Plan, is proper pursuant to section 1122 of the Bankruptcy Code, does not discriminate unfairly, and is fair and equitable pursuant to section 1129(b)(1) of the Bankruptcy Code. There is no Class of Claims or Interests junior to the Holders of Interests in Class 8 that will receive or retain property under the Plan on account of their Claims or Interests. Accordingly, the Plan does not violate the absolute priority rule, does not discriminate unfairly, and is fair and equitable with respect to each Class that is deemed to have rejected the Plan. Thus, the Plan satisfies section 1129(b) of the Bankruptcy Code with respect to Class 8, and the Proponents therefore have requested confirmation of the Plan under section 1129(b) of the Bankruptcy Code, the “cramdown” provision, with respect to Class 8.

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KK. Only One Plan (11 U.S.C. § 1129(c)). The Plan is the only chapter 11 plan currently proposed in the Chapter 11 Case, and section 1129(c) of the Bankruptcy Code is therefore satisfied. LL. Principal Purpose (11 U.S.C. § 1129(d)). The principal purpose of the Plan is neither the avoidance of taxes, nor the avoidance of the application of section 5 of the Securities Act of 1933, and no governmental unit has objected to Confirmation on any such grounds. Accordingly, section 1129(d) of the Bankruptcy Code is inapplicable. MM. Not a Small Business Case (11 U.S.C. § 1129(e)). The Chapter 11 Case is not a small business case and, accordingly, section 1129(e) of the Bankruptcy Code does not apply to the Chapter 11 Case. NN. Satisfaction of Confirmation Requirements. Based upon the foregoing, the Plan satisfies the requirements for Confirmation set forth in section 1129 of the Bankruptcy Code. OO. Good Faith Solicitation (11 U.S.C. § 1125(e)). The Plain Proponents and each of their respective officers, directors, employees, advisors, and agents have acted in good faith within the meaning of section 1125(e) of the Bankruptcy Code, and in compliance with the applicable provisions of the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and the Disclosure Statement Order in connection with all of their respective activities relating to the solicitation of acceptances of the Plan and their participation in the activities described in section 1125 of the Bankruptcy Code, and they are entitled to the protections afforded by section 1125(e) of the Bankruptcy Code and the injunction and exculpation provisions to the extent set forth in Article IX of the Plan and in this Confirmation Order. PP. Retention of Jurisdiction. This Court may properly retain jurisdiction over the matters set forth in Article XII of the Plan and/or section 1142 of the Bankruptcy Code.

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Based upon the foregoing findings, and upon the record made before this Court at the Confirmation Hearing, and good and sufficient cause appearing therefor, it is hereby ORDERED, ADJUDGED AND DECREED THAT: Confirmation of the Plan 1. The Plan, as and to the extent modified by this Confirmation Order, is approved and confirmed pursuant to section 1129 of the Bankruptcy Code. Any objections to the Plan not otherwise withdrawn, resolved, or otherwise disposed of are overruled and denied. Compromises and Settlements Under the Plan 2. Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, as applicable, upon the Effective Date, all settlements and compromises set forth in the Plan are approved in all respects, and constitute good faith compromises and settlements. Classification and Treatment 3. The Plan’s classification scheme is approved. The classifications set forth on the ballots (a) were set forth on the ballots solely for purposes of voting to accept or reject the Plan, (b) do not necessarily represent, and in no event shall be deemed to modify or otherwise affect, the actual classification of such Claims under the Plan for distribution purposes, (c) may not be relied upon by any Holder as representing the actual classification of such Claim under the Plan for distribution purposes, and (d) shall not be binding on the Debtor or the Plan Administrator except for Plan voting purposes. Authorization to Implement the Plan 4. The Debtor and the Post-Confirmation Debtor, as applicable, are authorized to take or cause to be taken all corporate actions necessary or appropriate to implement all provisions of, and to consummate, the Plan, and to execute, enter into, or otherwise make effective all documents

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arising in connection therewith, including, without limitation, all Plan Documents, prior to, on, and after the Effective Date. 5. On the Effective Date, the Plan Administrator shall be authorized to do all things and to execute and deliver all agreements, documents, instruments, notices, and certificates as are contemplated by the Plan and to take all necessary actions required in connection therewith, in the name of and on behalf of the Debtor and the Post-Confirmation Debtor. 6. The approvals and authorizations specifically set forth in this Confirmation Order are not intended to limit the authority of the Post-Confirmation Debtor, the Debtor, or any officer thereof to take any and all actions necessary or appropriate to implement, effectuate, and consummate any and all documents or transactions contemplated by the Plan or this Confirmation Order. Enforceability of the Plan 7. Pursuant to sections 1123(a), 1141(a) and 1142 of the Bankruptcy Code, the Plan and all Plan Documents (including, but not limited to, the Plan Administrator Agreement) shall be, and hereby are, valid, binding and enforceable. Vesting of Assets in the Post-Confirmation Debtor 8. On the Effective Date, all assets of the Debtor shall remain with and vest in the Post-Confirmation Estate under the control of the Plan Administrator for the purpose of liquidating the Estate, free and clear of all Liens, Claims, charges, or other encumbrances. On the Effective Date, the Florida Sawmills Reserve will be dissolved and such funds included in the Distribution Proceeds.

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Transfer of Causes of Action to Post-Confirmation Debtor 9. Except as otherwise provided in the Plan or this Confirmation Order (a) in accordance with Section 1123(b)(3) of the Bankruptcy Code and Article VII.H of the Plan, any retained Causes of Action that the Debtor may hold against any Entity shall vest upon the Effective Date in the Post-Confirmation Debtor and (b) pursuant to Article VII.H of the Plan, after the Effective Date, the Plan Administrator shall have the exclusive right to institute, prosecute, abandon, settle or compromise any retained Causes of Action, in accordance with the terms of the Plan and Plan Administrator Agreement and without further order of this Court, in any court or other tribunal, including, without limitation, in an adversary proceeding filed in the Chapter 11 Case. Wind-up and Dissolution of the Debtor 10. On the Effective Date, the existing board of directors or managers, as applicable, of the Debtor shall be dissolved as provided in the Plan. Subject in all respects to the terms of the Plan, the Debtor shall be dissolved as soon as practicable on or after the Effective Date, but in no event later than the closing of the Chapter 11 Case. On and after the Effective Date, as provided in the Plan, the Plan Administrator shall have the power and authority to take any action necessary to wind down and dissolve the Debtor and its respective Estate, without further action under applicable law, regulation, order, or rule, including any action by the stockholders, members, board of directors, or board of managers of the Debtor. 11. On and after the Effective Date, the Plan Administrator shall have the power and authority to do all things and to execute and deliver all agreements, documents, instruments, notices, and certificates and to take all necessary actions required in connection therewith and also exercise control of the Post-Confirmation Debtor and administer its affairs, all without further

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action under applicable law, regulation, order, or rule by the pre-Effective Date stockholder, members, board of directors, or board of managers of Debtor. Cancellation of Notes, Instruments, Certificates, and other Documents 12. On the Effective Date, except as otherwise specifically provided for in the Plan, the obligations of the Debtor under any certificate, share, note, bond, indenture, purchase right, or other instrument or document, directly or indirectly evidencing or creating any indebtedness or obligation of or ownership interest or equity in the Debtor or any warrants, options, or other securities exercisable or exchangeable for, or convertible into, debt, equity, ownership, or profits interests in the Debtor giving rise to any Claim or Interest shall be canceled and deemed surrendered as to the Debtor and shall not have any continuing obligations thereunder, without any need for a Holder to take further action with respect thereto. Holders of any Claim against or Interest in the Debtor shall not receive any distribution or retain any property on account of such Claims or Interests, other than as provided in the Plan. Plan Distributions 13. The Plan Administrator shall make all distributions required to be made to Holders of Allowed Claims pursuant to the Plan and the Plan Administrator Agreement. The Plan Administrator shall hold and distribute the Post-Confirmation Debtor Assets in accordance with the provisions of the Plan and the Plan Administrator Agreement. 14. The Plan Administrator shall make all distributions required to be made to such Holders of Allowed Claims pursuant to the Plan and the Plan Administrator Agreement. 15. Except to the extent provided in section 506(b) of the Bankruptcy Code, the Plan, or this Confirmation Order, postpetition interest shall not accrue or be paid on Claims, and no

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Holder of an Allowed Claim shall be entitled to interest accruing on any Claim from and after the Petition Date. Administration of the Post-Confirmation Debtor Assets 16. The Plan Administrator Agreement, substantially in the form filed with the Plan Supplement, is hereby approved. 17. The appointment of Jay Borow, by and through Berkley Research Group, LLC, as the Plan Administrator, is hereby approved. The Plan Administrator shall be compensated in the manner set forth in and consistent with the Plan Administrator Agreement. The Plan Administrator shall have all powers, rights, duties and protections afforded the Plan Administrator under the Plan, this Confirmation Order, and the Plan Administrator Agreement. Executory Contracts and Unexpired Leases 18. On the Effective Date, except as otherwise provided herein, each of the Debtor’s Executory Contracts and Unexpired Leases not previously assumed, assumed and assigned, or rejected pursuant to an order of this Court, shall be deemed rejected as of the Effective Date in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code, other than: (a) those that are identified on the Schedule of Assumed Executory Contracts or Unexpired Leases; (b) those that have been previously assumed or rejected by a Final Order; (c) those that are the subject of a motion to assume or reject Executory Contracts or Unexpired Leases that is pending on the Confirmation Date; (d) those that are subject to a motion to assume or reject an Executory Contract or Unexpired Lease pursuant to which the requested effective date of such assumption or rejection is after the Effective Date; or (e) to the extent they may be executory, the D&O Liability Insurance Policies (which shall be treated in accordance with the applicable provisions of Article V and VI of the Plan regardless of whether they may be executory).

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19. On the Effective Date, and except as otherwise provided in the Plan, the Debtor shall assume all of the Executory Contracts or Unexpired Leases on the Schedule of Assumed Executory Contracts or Unexpired Leases; provided, however, that consistent with Article V.A of the Plan, the Debtor or the Plan Administrator, as applicable, reserve the right to alter, amend, modify, or supplement the Schedule of Assumed Executory Contracts or Unexpired Leases, at any time through and including 30 days after the Effective Date. 20. Unless otherwise provided by a separate Court order, any Proofs of Claim with respect to Claims arising from the rejection of Executory Contracts or Unexpired Leases, if any, must be Filed with this Court within the latest to occur of: (a) thirty (30) days after the date of entry of an order of this Court (including the Confirmation Order) approving such rejection, and (d) 30 days after notice of any rejection that occurs after the Effective Date. Disputed Claims 21. Except as otherwise specifically provided in the Plan and notwithstanding any requirements that may be imposed pursuant to Bankruptcy Rule 9019, after the Effective Date, the Plan Administrator shall have the sole authority to File and prosecute objections to Claims on behalf of the Post-Conformation Debtor, and the Plan Administrator shall have the sole authority, on behalf of the Post-Conformation Debtor, to: (a) settle, compromise, withdraw, litigate to judgment, or otherwise resolve objections to any and all Claims, regardless of whether such Claims are in a Class or otherwise; (b) settle, compromise, or resolve any Disputed Claim without any further notice to, or action, order, or approval of, the Bankruptcy Court; and (c) administer and adjust the Claims Register to reflect any such settlements or compromises without any further notice to, or action, order, or approval of, the Bankruptcy Court; provided, however, that nothing shall preclude the U.S. Trustee or other parties with requisite standing from objecting to any Claim.

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On and after the Effective Date, the Plan Administrator shall use commercially reasonable efforts to advance the claims resolution process through estimation or otherwise. 22. All objections to Claims shall be Filed by the Plan Administrator on or before the Claims Objection Deadline, which date may be extended by this Court upon a motion filed by the Plan Administrator on or before the Claims Objection Deadline with notice only to those parties entitled to notice in the Chapter 11 Case pursuant to Bankruptcy Rule 2002 as of the filing of such motion. Administrative Expense Claims 23. Except as otherwise set forth in the Plan and hereunder, all requests for payment of an Administrative Expense Claim must be Filed with this Court and served on counsel to the Plan Administrator, counsel to the Debtor, and counsel to the U.S. Trustee no later than: (a) with respect to Administrative Expense Claims other than Professional Fee Claims, thirty (30) days after the Effective Date; and (b) with respect to Professional Fee Claims, forty-five (45) days after the Effective Date; provided, however, that Filing requests for payment of Administrative Expense Claims is not required, where the Plan, Bankruptcy Code or a Final Order does not require such Filing. In the event of an objection to allowance of an Administrative Expense Claim, this Court shall determine the Allowed amount of such Administrative Expense Claim. 24. Except as otherwise set forth in the Plan, on or before the Effective Date, the Debtor or Plan Administrator shall establish and fund the Professional Fee Escrow Account with Cash equal to the Professional Fee Reserve Amount. The Professional Fee Escrow Account shall be maintained in trust solely for the Professionals. The amount of Professional Fee Claims owing to the Professionals shall be paid in Cash to such Professionals by the Debtor or the Plan Administrator, as applicable, within five (5) business days after such Professional Fee Claims are

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Allowed. When all Allowed amounts owing to the Professionals have been paid in full, any amount remaining in the Professional Fee Escrow Account shall promptly be paid to the Post-Confirmation Estate without any further action or order of the Bankruptcy Court. Release, Injunction, Exculpation, and Related Provisions 25. The Release Provisions set forth in Article IX of the Plan are hereby approved and authorized in their entirety, and such provisions are effective and binding on all Persons and Entities as and to the extent provided for therein. 26. Notwithstanding any provision to the contrary in this Order or in the Plan Documents: a. As to the United States, nothing in this Order or in the Plan Documents shall: (1) discharge, release, enjoin, impair or otherwise preclude (a) any liability to the United States that is not a “claim” within the meaning of section 101(5) of the Bankruptcy Code, (b) any claim of the United States arising after the Confirmation Date, or (c) any liability of any entity or person under police or regulatory statutes or regulations to any Governmental Unit (as defined by section 101(27) of the Bankruptcy Code) as the owner, lessor, lessee or operator of property or rights to property that such entity owns, operates or leases after the Confirmation Date; (2) release, nullify, preclude or enjoin the enforcement of any police or regulatory power; (3) modify the scope of Section 525 of the Bankruptcy Code; (4) release, exculpate, enjoin, impair or discharge any non-Debtor from any claim, interest, liability, suit, right or Cause of Action of the United States; (5) affect any setoff or recoupment rights of the United States and such rights are preserved; (6) require the United States to file an administrative claim in order to receive payment for any liability described in

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Section 503(b)(1)(B) and (C) pursuant to Section 503(b)(1)(D) of the Bankruptcy Code; (7) constitute an approval or consent by the United States without compliance with all applicable legal requirements and approvals under non-bankruptcy law; (8) be construed as a compromise or settlement of any liability, claim, suit, right, Cause of Action or interest of the United States; (9) modify the scope of Section 502 of the Bankruptcy Code with respect to the claims of the United States; or (10) cause the filing of any claim, including but not limited to amended claims, by the United States to be automatically disallowed and expunged on or after the Effective Date pursuant to Article VIII(H) of the Plan. b. Administrative expense claims of the United States Allowed pursuant to the Plan or the Bankruptcy Code shall accrue interest and penalties as provided by non-bankruptcy law until paid in full. Priority Tax Claims of the United States Allowed pursuant to the Plan or the Bankruptcy Code will be paid in accordance with Section 1129(a)(9)(C) of the Bankruptcy Code. To the extent Allowed Priority Tax Claims (including any penalties, interest or additions to tax entitled to priority under the Bankruptcy Code) are not paid in full in cash on the Effective Date, then such Priority Tax Claims shall accrue interest commencing on the Effective Date at the rate set forth in Section 511 of the Bankruptcy Code. Moreover, nothing shall effect a release, injunction or otherwise preclude any claim whatsoever against the Debtor or the Debtor’s Estate by or on behalf of the United States for any liability arising a) out of pre-petition or post-petition tax periods for which a return has not been filed or b) as a result of a pending audit or audit that may be performed with respect to any pre-petition or post-petition tax period. Further, nothing shall enjoin the United

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States from amending any claim against the Debtor or the Debtor’s Estate with respect to any tax liability a) arising out of pre-petition or post-petition tax periods for which a tax return has not been filed or b) from a pending audit or audit that may be performed with respect to any pre-petition or post-petition tax period. Any Allowed liability arising a) out of pre-petition or post-petition tax periods for which a return has not been filed or b) as a result of a pending audit or audit which may be performed with respect to any pre-petition or post-petition tax period shall be paid in accordance with 1129(a)(9)(A) and (C) of the Bankruptcy Code. Without limiting the foregoing but for the avoidance of doubt, nothing contained in this Order or the Plan Documents shall be deemed to bind the United States to any characterization of any transaction for tax purposes or to determine the tax liability of any person or entity, including, but not limited to, the Debtor and the Debtor’s estate, nor shall this Order or the Plan Documents be deemed to have determined the federal tax treatment of any item, distribution, or entity, including the federal tax consequences of this Plan, nor shall anything in this Order or the Plan Documents be deemed to have conferred jurisdiction upon the Bankruptcy Court to make determinations as to federal tax liability and federal tax treatment; provided, however, that nothing in this Paragraph shall be deemed a waiver of the Debtor’s rights under Section 505 of the Bankruptcy Code or an abrogation of the Bankruptcy Court’s jurisdiction over the Chapter 11 Case, the Debtor, or the Estate. Payment of Statutory Fees 27. All U.S. Trustee Fees due and payable and any interest thereon pursuant to section 3717 of Title 31 of the United States Code prior to the Effective Date shall be paid by the Debtor

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on the Effective Date. After the Effective Date, the Debtor, the Post-Confirmation Debtor, and the Plan Administrator shall be jointly and severally liable to pay any and all U.S. Trustee Fees when due and payable. The Debtor shall file all reports due prior to the Effective Date when they become due in the form and manner prescribed by U.S. Trustee. After the Effective Date, the Debtor, the Post-Confirmation Debtor, or Plan Administrator as applicable shall file with the Bankruptcy Court any and all quarterly reports when they become due in the form and manner prescribed by U.S. Trustee. Each and every one of the Debtor, the Post-Confirmation Debtor, or the Plan Administrator shall remain obligated to pay U.S. Trustee Fees to the U.S. Trustee until the earliest of the Debtor’s case being closed, dismissed, or converted to a case under Chapter 7 of the Bankruptcy Code. Notwithstanding anything in the Plan to the contrary, the U.S. Trustee shall not be required to file any proof of claim for quarterly fees and any interest thereon. Dissolution of the Committee 28. On the Effective Date, the Committee shall dissolve automatically and the members thereof shall be released and discharged from all rights, duties, responsibilities, and liabilities arising from, or related to, the Chapter 11 Case and under the Bankruptcy Code, except for the limited purpose of prosecuting requests for payment of Professional Fee Claims for services and reimbursement of expenses incurred prior to the Effective Date by the Creditors’ Committee and its Professionals. The Post-Confirmation Debtor and Plan Administrator shall no longer be responsible for paying any fees or expenses incurred by the members of or advisors to the Creditors’ Committee after the Effective Date.

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Notice of Entry of Confirmation Order and Effective Date 29. Pursuant to Bankruptcy Rules 2002 and 3020(c), the Debtor is hereby authorized to serve a notice of entry of this Confirmation Order and the occurrence of the Effective Date on the Effective Date, on all Holders of Claims against or Interests in the Debtor and all other Persons on whom the Confirmation Hearing Notice was served. The Notice of Confirmation and Effective Date shall constitute good and sufficient notice of the entry of this Confirmation Order and of the relief granted herein, including, without limitation, any bar dates and deadlines established under the Plan and this Confirmation Order, and no other or further notice of the entry of this Confirmation Order, the occurrence of the Effective Date, and any such bar dates and deadlines need be given. Retention of Jurisdiction 30. Under sections 105(a) and 1142 of the Bankruptcy Code, and notwithstanding entry of this Confirmation Order and occurrence of the Effective Date, and except as otherwise ordered by this Court, this Court shall retain jurisdiction over all matters arising out of, or related to, the Chapter 11 Case and the Plan to the fullest extent permitted by law, including, among other things, to take the actions specified in Article XII of the Plan. References to Plan Provisions 31. The failure to specifically include or to refer to any particular article, section, or provision of the Plan or any related document in this Confirmation Order shall not diminish or impair the effectiveness of such article, section, or provision, and such article, section, or provision shall have the same validity, binding effect, and enforceability as every other article, section, or provision of the Plan, it being the intent of this Court that the Plan (as and to the extent modified by this Confirmation Order) be confirmed in its entirety.

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Rules Governing Conflicts Between Documents 32. In the event and to the extent that any provision of the Plan is inconsistent with the provisions of the Disclosure Statement and any other Order in the Chapter 11 Case, or any other agreement to be executed by any Person pursuant to the Plan, the provisions of the Plan shall control and take precedence; provided, however, that this Confirmation Order shall control and take precedence in the event of any inconsistency between this Confirmation Order, any provision of the Plan, and any of the foregoing documents. Extension of Injunctions and Stays 33. Except as otherwise expressly provided in the Plan or in this Confirmation Order, all injunctions or stays provided for in the Chapter 11 Case under sections 105 or 362 of the Bankruptcy Code or otherwise, and extant on the Confirmation Date (including any injunctions or stays contained in or arising from the Plan or this Confirmation Order), shall remain in full force and effect. Section 1146 Exemption 34. Pursuant to section 1146(a) of the Bankruptcy Code, the issuance, transfer or exchange of any security under the Plan or the making or delivery of any instrument of transfer pursuant to, in implementation of, or as contemplated by the Plan, or the re-vesting, transfer or sale of any real or personal property of the Debtor pursuant to, in implementation of, or as contemplated by the Plan, shall not be taxed under any state or local law imposing a stamp tax, transfer tax or any similar tax or fee.

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Headings 35. Headings utilized herein are for convenience and reference only, and do not constitute a part of the Plan or this Confirmation Order for any other purpose. No Stay of Confirmation Order 36. Notwithstanding Bankruptcy Rules 3020(e) and 6004(h) and any other Bankruptcy Rule to the contrary, to the extent applicable, there is no reason for delay in the implementation of this Confirmation Order and, thus, this Confirmation Order shall be effective and enforceable immediately upon entry. Dated: July 1st, 2021 KAREN B. OWENS Wilmington, Delaware UNITED STATES BANKRUPTCY JUDGE

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