Case 20-30805-KRH

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Joshua A. Sussberg, P.C. (admitted pro hac vice)
Emily E. Geier (admitted pro hac vice)
AnnElyse Scarlett Gains (admitted pro hac vice)
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Telephone:
(212) 446-4800
Facsimile:
(212) 446-4900

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Michael A. Condyles (VA 27807)
Peter J. Barrett (VA 46179)
Jeremy S. Williams (VA 77469)
Brian H. Richardson (VA 92477)
KUTAK ROCK LLP
901 East Byrd Street, Suite 1000
Richmond, Virginia 23219-4071
Telephone:
(804) 644-1700
Facsimile:
(804) 783-6192

-andJoshua M. Altman (admitted pro hac vice)
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
300 North LaSalle Street
Chicago, Illinois 60654
Telephone:
(312) 862-2000
Facsimile:
(312) 862-2200
Co-Counsel to the Debtors and Debtors in Possession

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
RICHMOND DIVISION
In re:
PIER 1 IMPORTS, INC., et al.,1
Debtors.

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Chapter 11
Case No. 20-30805 (KRH)
(Jointly Administered)

DEBTORS’ OMNIBUS MOTION FOR ENTRY
OF AN ORDER (I) AUTHORIZING THE DEBTORS TO
WIND DOWN OPERATIONS, (II) AUTHORIZING THE DEBTORS TO
CONDUCT STORE CLOSINGS, AND (III) GRANTING RELATED RELIEF
The above-captioned debtors and debtors in possession (collectively, the “Debtors”)
respectfully state as follows in support of this motion (this “Motion”):

1

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, are set forth in the Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting
Related Relief [Docket No. 76]. The location of the Debtors’ service address is PO BOX 961020, Fort Worth,
TX 76161-0020. Or, for delivery by Airborne, Federal Express & other Courier Services: 685 John B. Sias
Memorial Parkway Suite 255, Fort Worth, TX 76134.

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Preliminary Statement
1.

The Debtors began these chapter 11 cases facing an already challenging retail

environment.2 And yet, despite these challenges, the Debtors arrived in these cases with the
support from its lenders for a going-concern plan and sale process. The global pandemic upended
these plans, completely derailing all efforts to secure a going-concern bidder and upending the
financial models underpinning the going-concern debt-for-equity exchange contemplated by the
Plan Support Agreement. During the Limited Operation Period, the DIP Lenders have continued
to fund the Debtors’ operations and are currently projected to be in an overadvance position of
approximately $40 million. This overadvance is necessary even as the Debtors plan to reopen a
number of stores and begin generating revenue on or around May 22. Based on the Debtors’
current projections of go-forward business and an analysis of options, no currently-available
governmental support or “best-case scenario” business plan will provide sufficient liquidity to
facilitate ongoing operations.3 In addition, the Debtors are unable to procure an exit credit facility
in the current market.
2.

It is now clear that Pier 1’s future does not involve any brick-and-mortar retail

locations. After pursuing every available alternative and engaging in conversations with the DIP
Lenders, the Ad Hoc Group of Term Lenders, the Creditors’ Committee, and all parties who
expressed interest in purchasing the Debtors’ stores and assets—and considering all available
2

A detailed description of the Debtors and their business, and the facts and circumstances supporting the Debtors’
chapter 11 cases, are set forth in greater detail in the Declaration of Robert J. Riesbeck, Chief Executive Officer
of Pier 1 Imports, Inc., in Support of Chapter 11 Petitions and First Day Motions [Docket No. 30]
(the “First Day Declaration”) filed contemporaneously with the Debtors’ voluntary petitions for relief filed under
chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) on February 17, 2020
(the “Petition Date”).

3

As a result of changes to certain elements of the tax code resulting from the Coronavirus Aid, Relief, and
Economic Security (CARES) Act, the Debtors anticipate a tax refund in the coming months that could exceed
$100 million (the “Tax Refund”). As described herein, as a result of the damage from over 2 months of store
closures, the Tax Refund will not change the outcome of these chapter 11 cases.

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government support—the Debtors are left with no choice but to wind down their retail operations
and seek to sell all remaining assets, including their intellectual property and e-commerce business
(the “Wind-Down”).
3.

The Debtors have taken two key steps to facilitate an orderly Wind-Down. First,

the Debtors have negotiated with the DIP Lenders for incremental capital. More specifically, the
DIP Lenders have continued to fund these cases even as the Debtors are currently projected to
overdraw the DIP Facility by approximately $40 million in accordance with the contemplated
Wind-Down Budget—which the Debtors continue to refine and intend to file ahead of the status
conference on May 21.
4.

Second, the Debtors, the DIP Lenders, the Ad Hoc Group of Term Lenders, and the

Creditors’ Committee are negotiating a holistic settlement for these cases, including finalizing the
Wind-Down Budget, and a chapter 11 plan (the “Term Sheet”). The Debtors are hopeful to include
a draft of the Term Sheet with the Debtors’ May 21 status report with respect to the Limited
Operation Period [Docket No. 629] (the “Status Report”). The key terms the Debtors expect to be
incorporated in the Term Sheet (all of which remain subject to ongoing negotiations) include:
(a)

the Wind-Down Budget (covering Wind-Down expenses which have not
yet been agreed with the DIP Lenders, the Ad Hoc Group of Term Lenders,
and the Creditors’ Committee, including payment of all rent obligations and
payment of certain employee wages and benefits for working employees);

(b)

payment in full of DIP claims;

(c)

payment to the term lenders of IP sale proceeds, subject to the terms of the
Final DIP Order;

(d)

a splitting of liquidation proceeds (after payment of DIP claims in full)
between the term lenders and administrative claimholders, including claims
entitled to administrative priority under section 503(b)(9);

(e)

standard release, exculpation, and injunction provisions to bring finality to
these chapter 11 cases for all stakeholders; and

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(f)
5.

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a preference waiver for any party holding a general unsecured claim.

The Debtors will continue to facilitate the diligence necessary for each of the major

stakeholders—the DIP Lenders, the Ad Hoc Group of Term Lenders, and the Creditors’
Committee—to be in a position to move these cases forward to closure as soon as reasonably
practicable. It starts with alignment on the Term Sheet this week.
6.

Accordingly, by this Motion, the Debtors are taking the prudent and responsible

step of seeking authority to begin an orderly liquidation of their remaining store operations as soon
as reasonably possible after operations are able to resume. Specifically, the Debtors seek to sell
any and all of their remaining assets, including their intellectual property and e-commerce
business, pursuant to the Bidding Procedures Order (the “Asset Sale”)4 and to liquidate inventory
in their closing stores pursuant to the Store Closing Order (with minor modifications as discussed
herein).5
7.

The Asset Sale. With respect to the Asset Sale, by this Motion the Debtors provide

notice to all parties that (subject to the Debtors’ right to further extend such dates pursuant to the
Bidding Procedures Order) the Bid Deadline set forth in the Bidding Procedures Motion6 is

4

For the avoidance of doubt, the Asset Sale is not expected to include inventory of the Debtors. To the extent any
bids received in the Asset Sale include inventory, the Consultant will continue the store closings as set forth herein
during the pendency of the Asset Sale.

5

See Order (I) Establishing Bidding Procedures, (II) Scheduling the Bid Deadlines and an Auction, (III) Approving
the Form and Manner of Notice Thereof, (IV) Approving the Form of Asset Purchase Agreement, (V) Authorizing
Assumption of the Plan Support Agreement, and (VI) Granting Related Relief [Docket No. 102]
(the “Bidding Procedures Order”); Final Order (I) Authorizing the Debtors to Assume the Consulting Agreement,
(II) Authorizing and Approving the Conduct of the Store Closing Sales, With Such Sales to be Free and Clear of
all Liens, Claims, and Encumbrances, (III) Authorizing Customary Bonuses to Employees of Closing Stores, and
(IV) Granting Related Relief [Docket No. 378] (the “Store Closing Order”). Capitalized terms used but not
defined herein or in the First Day Declaration shall have the meaning ascribed to them in the Store Closing Order
or Bidding Procedures Order, as applicable.

6

The “Bidding Procedures Motion” is the Debtors Motion for Entry of an Order (I) Establishing Bidding
Procedures, (II) Scheduling Bid Deadlines and an Auction, (III) Approving the Form and Manner of Notice
Thereof, (IV) Approving the Form of Asset Purchase Agreement, (V) Authorizing the Assumption of the Plan
Support Agreement, and (VI) Granting Related Relief [Docket No. 34].

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extended to July 1, 2020, with an Auction (if necessary) scheduled to occur telephonically on July
8, 2020. The Sale Hearing will occur on July 15, 2020, or such other date as ordered by the Court.
The Bidding Procedures approved by the Court shall otherwise apply to this sale process.
8.

Further, the Debtors are in conversations with multiple parties and one bidder may

emerge as a Stalking Horse Bidder for certain of the Debtors’ Assets. To the extent the Debtors
determine to give Bid Protections to a Stalking Horse Bidder, they will follow the process set out
in the Bidding Procedures Order and file a notice with the Court. See Bidding Procedures Order,
¶ 15.
9.

The Store Closings. To effectuate the store closings during the Wind-Down, the

Debtors intend to continue their relationship with Gordon Brothers Retail Partners LLC
(the “Consultant”), as more fully described in the Store Closing Motion7 and enter into the
additional statement of work attached to the Order as Exhibit 1 (the “Statement of Work”), which
is on terms substantially similar to those approved by the Court, to complete the Additional Store
Closings. The Consultant will conduct Store Closings at all of the Debtors’ remaining stores. As
provided for in the Store Closing Order, the Debtors will conduct the Store Closings with respect
to the Additional Closing Stores pursuant to the Sale Guidelines approved in the Store Closing
Order, as modified by the Order.
10.

Wind-Down Budget.

The Debtors are working with their lenders and the

Creditors’ Committee to develop a wind-down budget to facilitate an orderly Wind-Down and
conclusion to these chapter 11 cases (the “Wind-Down Budget”). The Debtors anticipate that the

7

Motion to Authorize Debtors Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Assume
the Consulting Agreement, (II) Authorizing and Approving the Conduct of Store Closing Sales, with Such Sales
to be Free and Clear of All Liens, Claims, and Encumbrances, (III) Authorizing Customary Bonuses to Employees
of Closing Stores, and (IV) Granting Related Relief [Docket No. 24] (the “Store Closing Motion”).

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Wind-Down Budget will provide for payment in full of certain administrative expenses that are
necessary for the Wind-Down, including payment of employee wage obligations for all working
employees, store rent obligations (including payments missed during the Limited Operation
Period, which payments remain subject to negotiation), expenses incurred during the Limited
Operation Period, and expenses necessary for the Wind-Down. As of the date hereof, the
Wind-Down Budget is not agreed to by the lenders and remains subject to negotiation.
11.

While the Wind-Down is not the outcome any parties wanted for these chapter 11

cases, the Debtors intend to make the best out of these unfortunate circumstances and believe that
pursuing the Wind-Down as contemplated herein will provide the best possible outcome for the
most parties as possible.
Relief Requested
12.

By this Motion, the Debtors respectfully seek the Court’s approval of an order

substantially in the form attached hereto as Exhibit A (the “Order”):

8



authorizing the Debtors to enter into the Statement of Work by and between Pier 1
Imports, Inc. and the Consultant, attached to the Order as Exhibit 1;



approving the Sale Guidelines approved in the Store Closing Order (as modified,
attached to the Order as Exhibit 2) for the closing of all Additional Closing Stores set
forth on Exhibit 3; 8



approving relief related to the Wind-Down Budget attached to the Order as Exhibit 4,
and approval of payments thereunder, including payments under the Non-Insider
Severance Program as described in the Wages Motion;



approving non-insider incentive programs for certain of the Debtors’ remaining store
and distribution center employees as necessary to manage an orderly and efficient
Wind-Down, included in the Wind-Down Budget, and set forth herein
(the “Wind-Down Incentive Program”);

Exhibit 3 to the Order is the Additional Closing Stores List as defined in the Store Closing Order. The Debtors
submit that service of this Motion satisfies the requirement in the Store Closing Order that the Debtors “serve a
notice of their intent to conduct the Sales at the Additional Closing Stores on the applicable landlord” and that
landlords wishing to object may do so by objecting to this Motion. See Store Closing Order at ¶¶ 27, 28.

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

approving modifications to certain customer programs, including the return policy and
acceptance of gift-cards and loyalty certificates, resulting from the Wind-Down;



adjourning any motions, applications, hearings, or demands for payment of postpetition
claims (including any administrative claim allowable under 11 U.S.C. § 503(b) and
entitled to priority pursuant to 11 U.S.C. § 507) until the end of the Debtors’ proposed
administrative claims process;9



approving the abandonment of certain burdensome Merchandise, FF&E, and personal
property;



setting a new Bid Deadline, Auction, and Sale Hearing related to the Bid Procedures,
and;



granting related relief.
Jurisdiction and Venue

13.

The United States Bankruptcy Court for the Eastern District of Virginia

(the “Court”) has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the
Standing Order of Reference from the United States District Court for the Eastern District of
Virginia, dated August 15, 1984. The Debtors confirm their consent, pursuant to Rule 7008 of the
Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), to the entry of a final order by
the Court in connection with this Motion to the extent that it is later determined that the Court,
absent consent of the parties, cannot enter final orders or judgments in connection herewith
consistent with Article III of the United States Constitution.
14.

Venue is proper pursuant to 28 U.S.C. §§ 1408 and 1409.

15.

The bases for the relief requested herein are sections 105, 363, 364, 503, and 507

of the Bankruptcy Code, Bankruptcy Rules 2002, 6004, 6006, and rule 9013-1 of the Local Rules

9

The Debtors filed a motion on May 15, 2020, seeking to establish a process for filing administrative claims
[Docket No. 664]. The Debtors propose that all administrative claims will be handled pursuant to that motion
and any motions or applications filed asserting such claims will be resolved in the claims process.

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of

the

United

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Bankruptcy

Court

for

the

Eastern

District

of

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Virginia

(the “Local Bankruptcy Rules”).
Background
I.

The Debtors’ Chapter 11 Cases and COVID-19.
16.

The Debtors have consistently maintained that negotiating a going-concern

reorganization is the best way to maximize estate value. To that end, the Debtors engaged with
potential bidders and anticipated receiving qualified bids by the bid deadline previously
established in these chapter 11 cases—until the spread of COVID-19. The Debtors sought
emergency relief in response to the COVID-19 pandemic by and through the Debtors’ Emergency
Motion for Entry of an Order (I) Approving Relief Related to the Interim Budget, (II) Temporarily
Adjourning Certain Motions and Applications for Payments, and (III) Granting Related Relief
[Docket No. 438] (the “Emergency Budget Motion”). Despite the relief granted in relation to the
Emergency Budget Motion, the effects of the COVID-19 pandemic have proven insurmountable,
as described above.
II.

Initiating Wind-Down Efforts.
17.

The Debtors cannot initiate store-closing efforts until their stores can reopen

following the COVID-19 pandemic. And even so, predicting consumer demand at that time is
challenging. Accordingly, the purpose of this Motion is to permit the Debtors to commence and
conclude the Wind-Down as expeditiously as possible under the circumstances, but the Debtors
cannot provide parties in interest certainty with respect to the ultimate sale end date.
18.

This uncertainty increases the risk that the Debtors’ employees will procure new

employment prior to commencing the Wind-Down.

8

Though employees are aware of the

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possibility of a Wind-Down,10 the Company notified employees that stores would be reopening
and jobs likely returning, at least temporarily. To mitigate the risk that the Debtors’ employees
find other employment (and the associated costs of finding replacements for a limited time), the
Wind-Down Budget (which remains subject to negotiation) is expected to include the payment of
up to 50% of severance to certain eligible employees and payments under the Wind-Down
Incentive Program. The Debtors anticipate that the Wind-Down Budget will be agreed to by all
parties prior to the hearing on this Motion.
Summary of Relief Requested
I.

The Proposed Liquidation and Related Relief.
19.

The Debtors, in consultation with their advisors and lenders, are planning to wind

down their operations in a manner that maximizes the value of their assets. Specifically, the
Wind-Down contemplates the following relief.
A.

The Consulting Agreement.

20.

As set forth in the Store Closing Motion, the Debtors and the Consultant have a

long-standing relationship, and the Consultant is familiar with the Debtors’ businesses and
processes.

Additionally, the Debtors’ long-standing relationship with the Consultant is on

market-competitive terms. And the Consultant is continuing to honor the historic relationship
through the terms of the Statement of Work.
21.

Accordingly, the Debtors request that the Court approve the Statement of Work,

which is substantially similar to the Consulting Agreement assumed pursuant to the Store Closing

10

On April 14, 2020, the Debtors provided headquarters and distribution center employees with a conditional notice
pursuant to the Worker Adjustment and Retraining Notification Act of 1988, notifying employees that as a result
of the impact of the COVID-19 pandemic, if additional financing or a purchaser did not materialize, the Company
may permanently close all operations. The Company gave similar notice to store employees.

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Order. A summary of the terms of the Statement of Work that differ from the Consulting
Agreement are set forth below.11 No other changes were made to the Consulting Agreement.
TERM
Inventory
Augmentation

11

MATERIAL REVISIONS FROM STORE CLOSING CONSULTING AGREEMENTS



In connection with the Sale, and subject to compliance with any approval order of the
Letter Agreement and/or this Statement of Work entered by the United States
Bankruptcy Court presiding over Merchant’s chapter 11 case, Consultant shall have
the right, at Consultant’s sole cost and expense, to supplement the Merchandise in the
Sale with additional goods procured by Consultant which are of like kind, and no
lesser quality to the Merchandise in the Sale (“Additional Consultant Goods”). The
Additional Consultant Goods shall be purchased by Consultant as part of the Sale, and
delivered to the Stores at Consultant’s sole expense (including labor, freight and
insurance relative to shipping such Additional Consultant Goods to the Stores). Sales
of Additional Consultant Goods shall be run through Merchant’s cash register
systems; provided, however, that Consultant shall mark the Additional Consultant
Goods using either a “dummy” SKU or department number, or in such other manner
so as to distinguish the sale of Additional Consultant Goods from the sale of
Merchandise. Consultant and Merchant shall also cooperate so as to ensure that the
Additional Consultant Goods are marked in such a way that a reasonable consumer
could identify the Additional Consultant Goods as non-Merchant goods.
Additionally, Consultant shall provide signage in the Stores notifying customers that
the Additional Consultant Goods have been included in the Sale. Absent Merchant’s
written consent, and Consultant’s agreement to reimburse Merchant for any associated
expenses, Consultant shall not use Merchant’s distribution centers for any Additional
Consultant Goods.



Consultant shall pay to Merchant an amount equal to five percent (5.0%) of the gross
proceeds (excluding sales taxes) from the sale of the Additional Consultant Goods
(the “Additional Consultant Goods Fee”), and Consultant shall retain all remaining
amounts from the sale of the Additional Consultant Goods. Consultant shall pay
Merchant its Additional Consultant Goods Fee in connection with each weekly sale
reconciliation with respect to sales of Additional Consultant Goods sold by Consultant
during each then prior week (or at such other mutually agreed upon time).



Consultant and Merchant intend that the transactions relating to the Additional
Consultant Goods are, and shall be construed as, a true consignment from Consultant
to Merchant in all respects and not a consignment for security purposes. Subject
solely to Consultant’s obligations to pay to Merchant the Additional Consultant Goods
Fee, at all times and for all purposes the Additional Consultant Goods and their
proceeds shall be the exclusive property of Consultant, and no other person or entity
shall have any claim against any of the Additional Consultant Goods or their proceeds.
The Additional Consultant Goods shall at all times remain subject to the exclusive
control of Consultant.



Merchant shall, at Consultant’s sole cost and expense, insure the Additional
Consultant Goods and, if required, promptly file any proofs of loss with regard to

The following summary chart is for the convenience of the Court and parties and is based on the currently
contemplated terms. The Statement of Work remains subject to modifications. The Debtors will file a final
Statement of Work prior to the hearing on this Motion and will advise the Court of any material modifications.
To the extent this summary conflicts with the final Statement of Work, the Statement of Work shall govern.

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TERM

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MATERIAL REVISIONS FROM STORE CLOSING CONSULTING AGREEMENTS

same with Merchant’s insurers. Consultant shall be responsible for payment of any
deductible (but only in relation to the Additional Consultant Goods) under any such
insurance in the event of any casualty affecting the Additional Consultant Goods.

Hilco Merchant
Resources, LLC



Merchant acknowledges that the Additional Consultant Goods shall be consigned to
Merchant as a true consignment under Article 9 of the Uniform Commercial Code
(the “UCC”). Consultant is hereby granted a first priority security interest in and lien
upon (i) the Additional Consultant Goods and (ii) the Additional Consultant Goods
proceeds less the Additional Consultant Goods Fee, and Consultant is hereby
authorized to file UCC financing statements and provide notifications to any prior
secured parties. The Debtors and the Consultant are in conversations regarding
product augmentation during the Store Closing Sales. The Debtors will file a revised
Statement of Work including such terms once finalized.



Given the scope of the store closings and the current environment, the Statement of
Work permits the Consultant to form a joint venture with Hilco Merchant Resources,
LLC, another nationally reputable firm, to the extent needed to best facilitate the store
closing process. The Consultant will oversee the relationship and there will be no
incremental cost to the Debtors.

B.

The Sale Guidelines.

22.

The Consultant will effectuate the Store Closings at the Additional Closing Stores

in accordance with the Sale Guidelines. For the sake of clarity, while the U.S. Sale Guidelines do
not affirmatively allow or disallow the Debtors to utilize the phrase “going-out-of-business” on
sale signage, the Debtors propose to explicitly allow the Consultant to use such phrase in
conducting the Wind-Down. A slightly modified version of the Sale Guidelines, including that
modification, is attached to the Order as Exhibit 2.
23.

The Debtors believe that this clarification to the Sale Guidelines is appropriate in

these circumstances. The sales contemplated by the Store Closing Order were intended merely to
close a subset of the Debtors’ stores, but that is no longer the case. Accordingly, it is appropriate
and accurate that the closings are advertised as “going-out-of-business” sales (or similarly
themed). For the avoidance of doubt, the Dispute Resolution Procedures (as set forth in the Store
Closing Order), including with respect to the abandonment of FF&E, personal property, and

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in

the

Additional

Closing

Stores,

distribution

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centers

(“Distribution Centers”), and corporate offices (“Corporate Offices”), shall apply to the
Wind-Down.
C.

Authorized Approval of Wind-Down Payment.

24.

The Debtors also believe it is appropriate for the Court to approve procedures

pursuant to which the Debtors can inform service providers that their services will be paid for in
full pursuant to the Wind-Down Budget.

The Debtors are concerned that announcing the

Wind-Down will cause confusion regarding which vendors will be paid during the Wind-Down
period, and certain vendors that provide critical services, such as IT or security, may immediately
cease providing necessary services. It is therefore imperative that the Debtors are able to notify
vendors for services covered by the Wind-Down Budget that such services will be paid in full.
25.

An Authorized Approver may approve expenses (i) for goods and services provided

to the Debtors on or after May 29 that are necessary for the Wind Down; (ii) with respect to stores
opening prior to May 29 and the Debtors e-commerce business, all amounts incurred in connection
with such activities; (iii) for goods and services provided prior to May 29 for vendors and suppliers
whose services are necessary for the Wind-Down, and for which payment is required in order for
the Debtors to receive goods or services during the Wind-Down period, and the payment is
included in the Wind-Down Budget; (iv) otherwise agreed to by the Debtors’ lenders, including
the Ad Hoc Group of Term Lenders, or (v) incurred during the Limited Operation Period.
Furthermore, no payments of administrative claims under section 503(b)(9) will be made pursuant
to the Wind Down Budget. It is anticipated that 503(b)(9) payments and unpaid administrative
claims not included in the Wind-Down Budget will share in liquidation proceeds with the Term
Lenders pursuant to the Term Sheet being negotiated amongst the parties.

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Accordingly, the Debtors propose that a subset of Remaining Employees be

designated as authorized approvers (the “Authorized Approvers”) of expenses contemplated by
the Wind-Down Budget. The initial list of Authorized Approvers is attached to the Order as
Exhibit 5. To minimize the cost and expense of formal noticing procedures, the Debtors propose
that any Authorized Approver may confirm in writing (which may be by e-mail) authorization for
any such expense (a “Critical Third-Party Notice”), and that any third-party is entitled to rely on
that communication in seeking payment.
D.

The Wind-Down Incentive Program.

27.

The Debtors seek approval of non-insider incentive programs for the Remaining

Employees that are needed to ensure an orderly and efficient Wind-Down, subject to ongoing
negotiations with stakeholders. The Debtors will notify all of their employees of the liquidation
of the remaining stores and (to the extent required by applicable law) have sent their employees
conditional WARN notices providing such employees notice that their employment may be
terminated on or around June 1.

But, the Debtors will need many of the employees

(the “Remaining Employees”) in their stores and distribution centers to complete the Wind-Down
effectively and efficiently, in most cases beyond June 1.12 Remaining Employees will assist the
Consultant with the liquidation, assist with the Asset Sale (and any transition period, as needed),
and complete financial and legal reporting requirements.

The Debtors and the Creditors’

Committee recognize that absent a financial incentive, the Remaining Employees may not be
sufficiently motivated to wind down the business efficiently. Accordingly, the Wind-Down
Budget, which is subject to ongoing negotiations, is expected to include incentive payments to

12

To the extent any employee is needed for longer than 60 days, the Debtors will supplement the WARN notice as
required by applicable law.

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certain employees, as agreed to by the DIP Lenders and Ad Hoc Group of Term Lenders. Because
these parties hold the economic interest in any residual value of the Debtors’ estates, their
agreement to these incentive payments demonstrates the importance of these payments to an
efficient Wind-Down.
28.

The Wind Down Incentive Program generally provides for the following payments:


Store Employees:




Associates and non-manager store leadership will receive a payment equal
to one week’s wages (based on average hours worked during the
Wind-Down), if they stay to the conclusion of the Wind-Down at their
respective store.

Distribution Center Employees:


Salaried Employees: 12% of their annual salary if they stay until the
conclusion of the Wind-Down at their respective distribution center.



Hourly Employees, less than a year of service: $1,000 payment if they stay
until the conclusion of the Wind-Down at their respective distribution
center.



Hourly Employees, more than a year of service: $1,500 payment if they stay
until the conclusion of the Wind-Down at their respective distribution
center.

29.

The Debtors believe that these amounts are appropriate under the circumstances.

E.

Non-Insider Severance Payments.

30.

As described in the wages motion filed on the first day of these chapter 11 cases

[Docket No. 27] (the “Wages Motion”), the Debtors maintained a prepetition Non-Insider
Employee Severance Program (as defined in the Wages Motion). The order entered with respect
to the Wages Motion only approved certain reduced payments under the Non-Insider Employee
Severance Program with respect to employees terminated in connection with the first wave of store
closings. See [Docket No. 348], ¶5.

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The Debtors anticipate that the Wind-Down Budget will include additional

payments under the Non-Insider Employee Severance Program for employees terminated in
connection with the Wind-Down. While the terms of the Wind-Down Budget are still being
negotiated, the Debtors anticipate that eligible store level, distribution center, and home office
non-insider employees who remain in the employment of the Debtors during the wind down
process will receive severance payments upon termination in an amount up to 50% of the policy
amounts, subject to certain caps. The final approved Wind-Down Budget will reflect the agreed
upon amounts. The Debtors believe that these amounts are appropriate under the circumstances.
F.

Customer Programs.

32.

The Wind-Down requires that the Debtors make certain modifications to their

customer programs to reflect new realities. Accordingly, the Debtors intend to implement the
following changes, which will be clearly posted for customers at cash registers and online for the
duration of the Wind-Down.


Returns. For the first thirty days from the date of entry of the Order, the Debtors shall
accept returns of merchandise sold by the Debtors in the ordinary course of business so
long as the return is otherwise in compliance with the Debtors’ return policies in effect as
of the date such item was purchased and the customer is not repurchasing the same item so
as to take advantage of the sale price being offered in the Store Closings. Returns of items
sold on a “final” basis, included items sold in the initial Closing Stores on a “final” basis
pursuant to the Store Closing Order, shall not be accepted.



Gift Cards, Gift Certificates, and Loyalty Certificates. The Debtors proposed that for the
first twenty-one days from the date of entry of the Order, the Debtors will continue to
accept the Debtors’ validly-issued gift certificates, gift cards, and loyalty certificates issued
prior to the Sale Commencement Date in their e-commerce business in the ordinary course
of business. For the first twenty-one days from the date of the reopening of any store, such
store will continue to accept the Debtors’ validly-issued gift certificates, gift cards, and
loyalty certificates issued prior to the Sale Commencement Date for in-person purchases
only, in the ordinary course of business. After twenty-one days following the reopening
of any store, such store will no longer accept gift certificates, gift cards, and loyalty
certificates. After the expiration of the twenty-one days to utilize gift certificates, gift
cards, and loyalty certificates on the e-commerce platform or in-stores, all such validlyissued gift certificates, gift cards, and loyalty certificates will no longer be accepted by the
Debtors and deemed to have no remaining value. Notwithstanding any policy or state law
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to the contrary, the gift cards, gift certificates, and loyalty certificates are not redeemable
for cash at any time.


Latent Defects. The Debtors shall comply with all state and federal laws relating to implied
warranties for latent defects and are not superseded by the sale of said goods or the use of
the terms “as is” or “final sales,” as set forth in the Order.
G.

Administrative Claims Process.

33.

On May 15, 2020, the Debtors filed a motion seeking to set out a process and bar

date related to the filing of Administrative Claims [Docket No. 664] (the “Administrative Claims
Bar Date Motion”). The orders granting the Emergency Budget Motion contemplated such a
motion, and automatically adjourned any motions, applications, or demands for payment of
administrative claims until at least 30 days after the end of the Limited Operation Period. 13 By
this Motion, the Debtors seek to extend that relief until such period as such motion or application
is resolved or objected to pursuant to the process described in the Administrative Claims Bar Date
Motion. For the avoidance of doubt, any motion related to an expense included in the Wind-Down
Budget shall not be subject to automatic adjournment.
34.

To the extent any party filed or files such a motion or application, such motion or

application will be deemed resolved following the resolution of the underlying claim in the
Administrative Claims Process. The Debtors respectfully submit that such process is the best way
to efficiently administer the estate under these circumstances. Absent such relief, creditors may
individually file and pursue administrative claims in a value-destructive free-for-all, as opposed to
an orderly distribution of the Debtors’ estates as is contemplated by the Bankruptcy Code. The

13

The Court authorized the “Limited Operation Period” in the Order (I) Approving Relief Related to the Interim
Budget, (II) Temporarily Adjourning Certain Motions and Applications for Payments, and (III) Granting Related
Relief [Docket No. 493] and the First Supplemental Order (I) Approving Relief Related to the Interim Budget,
(II) Temporarily Adjourning Certain Motions and Applications for Payments, and (III) Granting Related Relief
[Docket No. 629].

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Debtors believe that such relief is necessary to ensure that they have the stability required to
effectuate the Wind-Down.
H.

Abandonment of Burdensome Property.

35.

In effectuating the Wind-Down, the Debtors intend to liquidate all saleable personal

property, Merchandise, and FF&E, as set forth herein. The Debtors may determine, however, in
their

business

judgment,

that

certain

personal

property,

Merchandise,

and

FF&E

(the “Burdensome Property”) will be difficult or expensive to remove, ship, or store, such that the
economic benefits of removing, selling, shipping, or storing some or all of the Burdensome
Property will be exceeded by the attendant costs thereof. To the extent the Burdensome Property
exceeds the scope of the property abandoned pursuant to the Sale Guidelines—such as
Burdensome Property held by shippers or other agents of the Debtors, the Debtors request the
Court’s approval to abandon any Burdensome Property for the benefit of their estates and creditors.
II.

The New Asset Sale Key Dates.
36.

The Debtors intend to continue the sale process for their assets as described in the

Bidding Procedures Order. While the Debtors did file the Notice of Cancellation of Auction
[Docket No. 428] (the “Auction Cancellation Notice”), the Debtors reserved their right to
reschedule the auction at a later time. See Auction Cancellation Notice, Page 2.
37.

The Debtors will seek bids for any and all of the Debtors’ IP and the e-commerce

business, in accordance with the terms of the Bidding Procedures Order. Given the current
circumstances, and pursuant to the Bidding Procedures Order, the Debtors seek to formally
establish a new Bid Deadline, Auction date, and Sale Hearing. Accordingly, the Debtors propose
the following dates be utilized in the Asset Sale:

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Event

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Date

Bid Deadline

July 1, 2020, at 5:00 p.m. (prevailing
Eastern Time)

Auction

July 8, 2020, at 10:00 a.m. (prevailing
Eastern Time), or as may be adjourned to
such later date by the Debtors

Sale Hearing

July 15, 2020, at a time to be determined, or
such other date and time that the Court may
later direct and as agreed upon by the
Debtors

Basis for Relief
I.

Business Justifications Exist for the Wind-Down.
38.

Section 363(b) of the Bankruptcy Code provides that a debtors “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). Although section 363(b) does not specify a standard for determining
when it is appropriate for a court to authorize the use, sale, or lease of property of the estate, courts
have required that such use, sale, or lease be based upon the sound business judgment of the debtor.
See, e.g., In re On-Site Sourcing, Inc., 412 B.R. 817, 824 (Bankr. E.D. Va. 2009) (noting that the
movant must establish “a business justification for the transaction and the bankruptcy court must
conclude, from the evidence, that the movant satisfied its fiduciary obligations and established a
valid business justification.”) (citing In re Gulf Coast Oil Corp., 404 B.R. 407, 415
(Bankr. S.D. Tex. 2009)); In re U.S. Airways Grp., Inc., 2002 WL 31829093, at *1
(Bankr. E.D. Va. Dec. 16, 2002) (holding that the debtors’ sound business judgment was a
sufficient basis to allow the debtors to terminate applicable mortgages).
39.

“The business judgment rule ‘is a presumption that in making a business decision

the directors of a corporation acted on an informed basis, in good faith and in the honest belief that

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the action taken was in the best interest of the company.’” In re Integrated Res., Inc., 147 B.R.
650, 656 (S.D.N.Y. 1992) (quoting Smith v. Van Gorkom, 488 A.2d 858, 872 (Del. 1985)).
Specifically, to determine whether the business judgment standard is met, a court need only
“examine whether a reasonable business person would make a similar decision under similar
circumstances.” In re Exide Techs., 340 B.R. 222, 239 (Bankr. D. Del. 2006), vacated on other
grounds 607 F.3d 957 (3d Cir. 2010); see also In re Curlew Valley Assocs., 14 B.R. 506, 513–14
(Bankr. D. Utah 1981) (noting that courts should not second guess a debtor’s business decision
when that decision involves “a business judgment made in good faith, upon a reasonable basis,
and within the scope of [the debtor’s] authority under the [Bankruptcy] Code”).
40.

The Wind-Down is supported by sound business justifications and should be

approved by the Court. Despite months of pursuing options that would allow the Debtors to
continue operating as a going concern, they have been unable to find support from stakeholders or
third-party investors. They also have been unable to obtain additional waivers, new investment,
or added financial support that would allow store operations to meet their monthly financial needs
and continue in the near-term. While the Debtors remain committed to pursuing the last available
option that includes a sale of the Debtors’ assets, including intellectual property and the Debtors’
e-commerce business, the lack of financial support from third-parties coupled with the decision by
the Debtors’ creditors that liquidation will enhance their recoveries, the Wind-Down is now the
only value-maximizing alternative available to the Debtors. Under these circumstances, executing
the Wind-Down is a sound exercise of the Debtors’ business judgment.
II.

Business Justification Exists Under Section 363(b) of the Bankruptcy Code for the
Debtors to Enter into the Statement of Work.
41.

The Store Closing Order contemplated closing approximately 400 stores. In order

for the Debtors to appropriately expand the scope of the relief retained to effectuate the

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Wind-Down of Debtors’ remaining stores, they needed to negotiate a new statement of work with
the Consultant to account for the full liquidation. Accordingly, the Debtors seek to enter into the
Statement of Work pursuant to section 363(b)(1) of the Bankruptcy Code. As described above,
363(b)(1) of the Bankruptcy Code authorizes transactions outside of the ordinary course so long
as the debtor has a sound business purpose.
42.

Here, the Debtors have exercised their sound business judgment in determining to

enter into the Statement of Work. Based on the existing relationship with the Consultant and the
efficiencies associated with continuity between phases of store closings, the Debtors determined
that entering into the Statement of Work would provide the greatest and most expeditious return
for their inventory. The Consultant has already been conducting sales at the Debtors’ stores
pursuant to the Store Closing Order. By continuing to use the Consultant, the Debtors can
capitalize on their knowledge and familiarity with the Debtors’ business.
43.

The terms set forth in the Statement of Work are fair and reasonable and present

the best path for the Consultant. Moreover, the Consultant has extensive expertise in conducting
liquidation sales and will be able effectively to oversee and implement the Store Closings
contemplated herein in an efficient and cost-effective manner.
44.

Courts hearing chapter 11 cases filed by retailers have recently approved the

assumption and/or approval of similar consulting agreements. See, e.g., In re Pier 1 Imports, Inc.,
No. 20-30805 (KRH) (Bankr. E.D. Va. Mar. 17, 2020) (authorizing assumption of a consulting
agreement on a final basis); In re Gemstone Solutions Group, Inc., No. 19-30258 (KLP)
(Bankr. E.D. Va. Jan. 17, 2019) (authorizing entry into a consulting agreement); In re Toys “R”
Us, Inc., No. 17-34665 (KLP) (Bankr. E.D. Va. Mar. 20, 2018) (authorizing entry into a liquidation
sale

consulting

agreement);

In

re

Toys

20

“R”

Us,

Inc.,

No.

17-34665

(KLP)

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(Bankr. E.D. Va. Feb. 6, 2018) (authorizing entry into the Consulting Agreements); In re The
Gymboree Corporation, No. 17 32986 (KLP) (Bankr. E.D. Va. July 11, 2017) (authorizing the
assumption of consulting agreement on a final basis).
III.

To the Extent the Court Determines it is Necessary, the Court Should Approve the
Sale Guidelines, as modified, for the Reasons Set Forth in the Store Closing Motion.
45.

As set forth in the Store Closing Motion, the Court may authorize the Debtors to

consummate the Store Closings pursuant to sections 105(a) and 363(b) of the Bankruptcy Code
and may grant all other relief requested herein, which relief this Court granted in the Store Closing
Order. The Debtors hereby incorporate by reference the Basis for Relief section of the Store
Closing Motion and assert that all relief requested in the Sale Guidelines should be approved for
the same reasons set forth in the Store Closing Motion.
46.

The relief requested by this Motion represents a sound exercise of the Debtors’

business judgment, is necessary to avoid immediate and irreparable harm to the Debtors’ estates,
and is justified under sections 105(a) and 363(b) of the Bankruptcy Code. The Debtors and their
advisors believe that the modified Sale Guidelines represent the most efficient and appropriate
means of maximizing the value of the Debtors’ remaining inventory, while balancing the
potentially competing concerns of landlords and other parties in interest. Furthermore, ample
business justification exists to conduct the Store Closings. The Debtors’ financial and operating
performance and the complications of the COVID-19 pandemic on their operations has made
Wind-Down of the Debtors’ business their only option.
IV.

The Requested Administrative Relief is Necessary and Appropriate.
47.

This Court entered an order pursuant to the Emergency Budget Motion which set

forth administrative procedures designed to structure an orderly process for managing claims
against the Debtors’ estates in these unusual times. The Debtors seek to extend the procedures set

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forth therein for the management of claims arising pursuant to the Wind-Down. Accordingly, the
Basis for Relief section as set forth in the Emergency Budget Motion is incorporated by reference
herein.
48.

Independent of the relief granted by this Court pursuant to the Emergency Relief

Motion, courts have granted injunctive relief to prevent administrative claimants from attempting
to trump the Bankruptcy Code’s priority status in certain cases by demanding payment of their
existing claims, which, if permitted, would result in substantial detriment to the debtors’ estates
during a wind-down process.
(Bankr. S.D.N.Y. Mar.

17,

See e.g. In re Blockbuster Inc., No. 10-14997

2011);

In

re

Caldor’s,

Inc.,

No.

95

B

44080

(Bankr. S.D.N.Y. Jan. 22, 1999) (affirmed 266 B.R. 575 (S.D.N.Y. 2001)); In re The Lionel
Corp., et al., Nos. 91 B 12704 and 91 B 12705 (Bankr. D. N.J. June 28, 1993).
49.

In light of the Debtors’ current circumstances and the limited financial resources

available to them, the proposed Wind-Down is the Debtors’ only viable path forward. But,
creditors with postpetition claims may not recover in full on account of such claims. In order to
avoid undue disruption of the Wind-Down processes and a rush to the courthouse by creditors
holding administrative claims, the Debtors submit that it is necessary and appropriate for the Court
to enforce the Administrative Claims Process against any effort to collect on or otherwise enforce
any claim that is not authorized by the Wind-Down Budget. This will assure that the Asset Sale
and Store Closings can proceed without any creditors seeking to obtain an advantage over others.
To the extent creditors receive recovery on account of their claims, it will be pursuant to an orderly
distribution at a later point in these cases.
50.

Given the Debtors’ financial uncertainty, the Debtors believe that their critical

operational support vendors may cease providing services absent assurance that they will be paid

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during this critical period. Without such assurances, there is a substantial risk that the flow of
goods and services required for the Wind-Down will stop, and significant value that could
otherwise be preserved may be destroyed. Accordingly, while the Debtors will seek approval of
the Wind-Down Budget pursuant to a separate motion, by this Motion the Debtors seek to institute
a process to easily notify vendors whose services are covered by the Wind-Down Budget of such
fact so they will provide services. Additionally, the Debtors’ foresee circumstances, particularly
in the first couple of days of the Wind-Down, where they may need to be able to provide immediate
approval of Wind-Down costs, such as with regard to critical transportation, warehouse, or security
services. Accordingly, the Debtors believe that allowing the Authorized Approvers to provide
confirmation of an expense through e-mail is appropriate under these circumstances.
V.

The Wind-Down Incentive Program Satisfies the Applicable Standards.
51.

The Debtors’ implementation of the Wind-Down Incentive Program is proper under

section 503 of the Bankruptcy Code. See 11 U.S.C. § 503(c)(3). Section 503(c)(3) prohibits certain
transfers made to officers, managers, consultants, and others that are both outside the ordinary
course of business and not justified by the facts and circumstances of the case. Id. Payments
characterized as “incentive plans” have received approval under section 503(c)(3) from courts
even where the key employees are officers. In re Alpha Nat. Res., Inc., 546 B.R. 348, 359
(Bankr. E.D. Va. 2016) (approving an incentive-based plan and noting that “every dollar earned
under the KEIP is earned based on the financial and operational performance of the Debtors”); In
re Fieldstone Mortg. Co., 427 B.R. 357, 363 (Bankr. D. Md. 2010) (distinguishing incentive and
retention plans). Because the Wind-Down Incentive Program is designed to incentivize the
Remaining Employees to maximize the Debtors’ value while managing the Wind-Down, not to
induce insiders to stay, this Motion does not implicate section 503(c)(1) of the Bankruptcy Code.

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See id. (holding that incentive pay to senior managers is not governed by the provisions in
section 503(c)(1) prohibiting retentive pay to insiders).
52.

Section 503(c)(3) of the Bankruptcy Code provides, in relevant part, that “there

shall be neither allowed nor paid . . . other transfers or obligations that are outside the ordinary
course of business and not justified by the facts and circumstances of the case…” 11 U.S.C.
§ 503(c)(3).
53.

A majority of courts agree that the requirement of section 503(c)(3) of the

Bankruptcy Code that a transaction be “justified by the facts and circumstances of the case” is the
same as the business judgment standard under section 363(b) of the Bankruptcy Code. See, e.g.,
Alpha Nat., 546 B.R. at 356 (collecting cases applying the business judgment standard to approve
an insider compensation program); In re Dana Corp., 358 B.R. 567, 576 (Bankr. S.D.N.Y. 2006)
(“[S]ection 503(c)(3) gives the court discretion as to bonus and incentive plans, which are not
primarily motivated by retention or in the nature of severance.”); In re Glob. Home Prods., LLC,
369 B.R. 778, 783 (Bankr. D. Del. 2007) (“If [the proposed plans are] intended to incentivize
management, the analysis utilizes the more liberal business judgment review under § 363.”).
54.

Courts have found that a debtor’s use of reasonable employee incentives is a valid

exercise of a debtor’s business judgment. See, e.g., Alpha Nat., 546 B.R. at 363 (approving the
KEIP as a valid exercise of business judgment); In re Am. W. Airlines, Inc., 171 B.R. 674, 678
(Bankr. D. Ariz. 1994) (noting that it is the proper use of a debtor’s business judgment to propose
payments for employees who helped propel the debtor successfully through the bankruptcy
process); In re Interco Inc., 128 B.R. 229, 234 (Bankr. E.D. Mo. 1991) (stating that a debtor’s
business judgment was controlling in the approval of a “performance/retention program”). Many
courts have approved employee payment programs as valid exercises of business judgment. See,

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e.g., In re Velo Holdings, Inc., 472 B.R. 201, 209 (Bankr. S.D.N.Y. 2012) (noting that Bankruptcy
Code section 503(c) does not “foreclose a chapter 11 debtor from reasonably compensating
employees, including ‘insiders,’ for their contribution to the debtors’ reorganization”); Glob.
Home Prods. LLC, 369 B.R. at 778 (approving management incentive program for benefit of nine
employees of the debtors provided that such employees fulfilled their obligations to the debtors
through the closing of a sale of substantially all of the Debtors’ assets). While predominantly or
purely retentive payments to insiders are expressly prohibited by the terms of section 503(c)(1),
incentive payments that may have some retentive effect are permissible so long as they motivate
senior management “to produce and increase the value of the estate.” Dana Corp., 358 B.R. at
571.
55.

The Wind-Down Incentive Program amply satisfies these standards. Given the

uncertain and demanding circumstances, it is absolutely critical that the Debtors incentivize the
Remaining Employees to implement the Wind-Down on the contemplated timeline. Without the
tireless efforts of the Remaining Employees to execute the Wind-Down, the Debtors may fail to
realize significant value that would otherwise be distributable to their estates.
VI.

Payments Under the Non-Insider Employee Severance Program Should be Approved
as Contemplated by the Wind-Down Budget.
56.

The Debtors incorporate herein by reference the basis for relief set forth in the

Wages Motion. For the reasons set forth therein, the Debtors should be able to make payments
under the Non-Insider Employee Severance Program, subject to the Wind-Down Budget.
VII.

To the Extent the Court Determines it is Necessary, the New Dates for the Asset Sale
Should Be Approved.
57.

The Court entered the Bidding Procedures Order on February 18, 2020, approving

the Bidding Procedures. The Bidding Procedures Order provides that the Debtors may modify the
dates set forth therein upon proper notice, but without further order of the Court.
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By this Motion, the Debtors seek only to afford the notice required to modify the

Bid Deadline and associated dates. To the extent the Court determines it necessary to approve the
new dates for the Asset Sale, the Court should on the same grounds set forth in the Bidding
Procedures Motion. The Debtors hereby incorporate by reference the Basis for Relief section of
the Bidding Procedures Motion and assert that all relief requested therein should be approved for
the same reasons set forth in the Bidding Procedures Motion, to the extent the Court deems it
necessary to do so.
VIII. The Proposed Modifications to the Debtors’ Customer Programs are Appropriate.
59.

Courts may authorize payment of prepetition claims, such as gift card obligations,

in appropriate circumstances based on section 105(a) of the Bankruptcy Code. Section 105(a)
codifies the Court’s inherent equitable powers to “issue any order, process, or judgment that is
necessary or appropriate to carry out the provisions of this title.” This “doctrine of necessity”
functions in a chapter 11 case as a mechanism by which the bankruptcy court can exercise its
equitable power to allow for modifications of customer programs not explicitly authorized by the
Bankruptcy Code and further supports the relief requested herein. See In re United Am., Inc., 327
B.R. 776, 781 (Bankr. E.D. Va. 2005) (acknowledging that the doctrine of necessity “is a necessary
deviation because otherwise there will be no reorganization and no creditor will have an
opportunity to recoup any part of its pre-petition claim”); In re NVR L.P., 147 B.R. 126, 127
(Bankr. E.D. Va. 1992) (“Under [section 105(a)] the court can permit pre-plan payment of a pre
petition obligation when essential to the continued operation of the debtor.”); see also In re Lehigh
& New Eng. Ry., 657 F.2d 570, 581 (3d Cir. 1981) (holding that a court may authorize payment of
prepetition claims if such payment is essential to debtor’s continued operation); In re Just for Feet,
Inc., 242 B.R. 821, 824–25 (D. Del. 1999) (holding that section 105(a) of the Bankruptcy Code
“provides a statutory basis for payment of prepetition claims” under the doctrine of necessity).
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Accordingly, the Court has authority to authorize the Debtors to continue and

modify customer programs in the ordinary course of business, and pay prepetition claims arising
thereunder, pursuant to sections 363(b) and 105(a) of the Bankruptcy Code. Continuing to
administer the Debtors’ gift card program is critical to preserving customer goodwill. The
Wind-Down necessitates that such programs must conclude to provide finality in accordance with
the Store Closings at the Additional Closing Stores. The grace period between entry of the Order
and the date after which the Debtors will no longer accept gift cards affords customers ample
opportunity to spend any remaining balances.
IX.

Abandonment of the Burdensome Property is Authorized by Section 554(a) of the
Bankruptcy Code.
61.

Section 554(a) of the Bankruptcy Code provides that, “[a]fter notice and a hearing,

the [debtor] may abandon any property of the estate that is burdensome to the estate or that is of
inconsequential value and benefit to the estate.” 11 U.S.C. § 554(a); see also In re Wilson, 94 B.R.
886, 888 (Bankr. E.D. Va. 1989) (“It is well settled, however, that a trustee is not obligated to
accept onerous or unprofitable property surrendered as part of the estate, and may abandon
property that is ‘burdensome’ or ‘of inconsequential value and benefit’ under § 554 of the Code.”)
(internal citations omitted).

The right to abandon property is virtually unfettered, unless:

(a) abandonment of the property will contravene laws designed to protect public health and safety;
or (b) the property poses an imminent threat to the public’s welfare. See In re Midlantic Nat’l
Bank, 474 U.S. 494, 501 (1986). Neither of these limitations is relevant under the instant facts.
62.

The Debtors submit that any personal property, Merchandise, or FF&E determined

in the Debtors’ business judgment to be Burdensome Property is of inconsequential value to the
Debtors’ estates, or the costs to the Debtors of retrieving, shipping, marketing, and selling the
Burdensome Property will exceed the recoveries, if any, that the Debtors and their estates could

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reasonably obtain in exchange for such property. Accordingly, the Debtors have determined, in
the exercise of their sound business judgment that abandonment of any Burdensome Property (with
the consent of the DIP Agents) will be in the best interest of the Debtors and their estates.
X.

Relief Under Bankruptcy Rules 6004(h) and 6006(d) Is Appropriate.
63.

Bankruptcy Rule 6004(h) provides that an “order authorizing the use, sale, or lease

of property . . . is stayed until the expiration of fourteen days after the entry of the order, unless
the court orders otherwise.” Fed. R. Bankr. P. 6004(h). Additionally, Bankruptcy Rule 6006(d)
provides that an “order authorizing the trustee to assign an executory contract or unexpired
lease . . . is stayed until the expiration of fourteen days after the entry of the order, unless the court
orders otherwise.” Fed. R. Bankr. P. 6006(d). The Debtors request that the Order be effective
immediately upon its entry by providing that the fourteen-day stays under Bankruptcy Rules
6004(h) and 6006(d) are waived.
64.

The purpose of Bankruptcy Rules 6004(h) and 6006(d) is to provide sufficient time

for an objecting party to appeal before an order can be implemented. See Advisory Committee
Notes to Fed. R. Bankr. P. 6004(h) and 6006(d). Although Bankruptcy Rules 6004(h) and 6006(d)
and the Advisory Committee Notes are silent as to when a court should “order otherwise” and
eliminate or reduce the fourteen-day stay period, the leading treatise on bankruptcy suggests that
the fourteen-day stay should be eliminated to allow a sale or other transaction to close immediately
“where there has been no objection to procedure.” 10 COLLIER ON BANKR. ¶ 6004.10 (15th rev.
ed. 2006). Furthermore, if an objection is filed and overruled, and the objecting party informs the
court of its intent to appeal, the stay may be reduced to the amount of time actually necessary to
file such appeal. Id.
65.

To maximize the value received for the intellectual property and e-commerce

business under this very tight timeline, the Debtors seek to close the Asset Sale as soon as possible
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after the Sale Hearing. Accordingly, the Debtors hereby request that the Court waive the 14-day
stay period under Bankruptcy Rules 6004(h) and 6006(d).
Waiver of Memorandum of Law
66.

The Debtors respectfully request that this Court treat this Motion as a written

memorandum of law or waive any requirement that this Motion be accompanied by a written
memorandum of law as described in Local Bankruptcy Rule 9013-1(b).
Reservation of Rights
67.

Nothing contained herein is intended or shall be construed as: (a) an admission as

to the amount of, basis for, or validity of any claim against the Debtors under the Bankruptcy Code,
any foreign bankruptcy or insolvency law, or other applicable non-bankruptcy law; (b) a waiver
of the Debtors’ or any other party in interest’s right to dispute any claim, (c) a promise or
requirement to pay any particular claim; (d) an implication or admission that any particular claim
is of a type specified or defined in this Motion; (e) a request or authorization to assume, adopt, or
reject any agreement, contract, or lease pursuant to section 365 of the Bankruptcy Code; (f) an
admission as to the validity, priority, enforceability, or perfection of any lien on, security interest
in, or other encumbrance on property of the Debtors’ estates; or (g) a waiver of any claims or
causes of action which may exist against any entity under the Bankruptcy Code, or any other
applicable law.
Notice
68.

The Debtors will provide notice of this Motion via first class mail, facsimile or

email (where available) to: (a) the United States Trustee for the Eastern District of Virginia,
Attn: Kenneth N. Whitehurst III and Shannon F. Pecoraro; (b) the holders of the 30 largest
unsecured claims against the Debtors (on a consolidated basis); (c) the agents under the Debtors’
prepetition secured facilities and counsel thereto; (d) the DIP Agents and their respective counsel

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thereto; (e) the indenture trustee to the Debtors’ industrial revenue bonds; (f) counsel to the ad hoc
group of term loan lenders; (g) the lenders under certain Company-owned life insurance policies;
(h) the Debtors’ Canadian counsel; (i) the United States Attorney’s Office for the Eastern District
of Virginia; (j) the Internal Revenue Service; (k) the office of the attorneys general for the states
in which the Debtors operate; (l) the Securities and Exchange Commission; (m) the landlords for
the Additional Closing Stores; (n) Gordon Brothers Retail Partners LLC, and; (o) other parties that
have requested notice pursuant to Bankruptcy Rule 2002 (collectively, the “Notice Parties”). The
Debtors submit that, in light of the nature of the relief requested, no other or further notice need
be given.
No Prior Request
69.

No prior request for the relief sought in this Motion has been made to this or any

other court.

[Remainder of page intentionally left blank]

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WHEREFORE, the Debtors respectfully request that the Court enter the Order granting the
relief requested herein and such other relief as the Court deems appropriate under the
circumstances.
Richmond, Virginia
Dated: May 18, 2020
/s/ Jeremy S. Williams
KUTAK ROCK LLP
Michael A. Condyles (VA 27807)
Peter J. Barrett (VA 46179)
Jeremy S. Williams (VA 77469)
Brian H. Richardson (VA 92477)
901 East Byrd Street, Suite 1000
Richmond, Virginia 23219-4071
Telephone:
(804) 644-1700
Facsimile:
(804) 783-6192
Email:
Michael.Condyles@KutakRock.com
Peter.Barrett@KutakRock.com
Jeremy.Williams@KutakRock.com
Brian.Richardson@KutakRock.com

KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
Joshua A. Sussberg, P.C. (admitted pro hac vice)
Emily E. Geier (admitted pro hac vice)
AnnElyse Scarlett Gains (admitted pro hac vice)
601 Lexington Avenue
New York, New York 10022
Telephone:
(212) 446-4800
Facsimile:
(212) 446-4900
Email:
joshua.sussberg@kirkland.com
emily.geier@kirkland.com
annelyse.gains@kirkland.com
-and-

Co-Counsel to the Debtors
and Debtors in Possession

Joshua M. Altman (admitted pro hac vice)
300 North LaSalle Street
Chicago, Illinois 60654
Telephone:
(312) 862-2000
Facsimile:
(312) 862-2200
Email:
josh.altman@kirkland.com
Co-Counsel to the Debtors and Debtors in Possession

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Exhibit A
Proposed Order

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Joshua A. Sussberg, P.C. (admitted pro hac vice)
Emily E. Geier (admitted pro hac vice)
AnnElyse Scarlett Gains (admitted pro hac vice)
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Telephone:
(212) 446-4800
Facsimile:
(212) 446-4900

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Michael A. Condyles (VA 27807)
Peter J. Barrett (VA 46179)
Jeremy S. Williams (VA 77469)
Brian H. Richardson (VA 92477)
KUTAK ROCK LLP
901 East Byrd Street, Suite 1000
Richmond, Virginia 23219-4071
Telephone:
(804) 644-1700
Facsimile:
(804) 783-6192

-andJoshua M. Altman (admitted pro hac vice)
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
300 North LaSalle Street
Chicago, Illinois 60654
Telephone:
(312) 862-2000
Facsimile:
(312) 862-2200
Co-Counsel to the Debtors and Debtors in Possession

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
RICHMOND DIVISION
)
)
)

In re:

PIER 1 IMPORTS, INC., et al.,1
Debtors.

)
)
)
)

Chapter 11

Case No. 20-30805 (KRH)
(Jointly Administered)

ORDER (I) AUTHORIZING THE DEBTORS
TO WIND-DOWN OPERATIONS, (II) AUTHORIZING THE DEBTORS
TO CONDUCT STORE CLOSINGS, AND (III) GRANTING RELATED RELIEF

1

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, are set forth in the Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting
Related Relief [Docket No. 76]. The location of the Debtors’ service address is PO BOX 961020, Fort Worth,
TX 76161-0020. Or, for delivery by Airborne, Federal Express & other Courier Services: 685 John B. Sias
Memorial Parkway Suite 255, Fort Worth, TX 76134.

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Upon the motion (the “Motion”)2 of the above-captioned debtors and debtors in possession
(collectively, the “Debtors”) for the entry of an order (this “Order”):


authorizing the Debtors to enter into the Statement of Work by and between Pier 1
Imports, Inc. and the Consultant, attached hereto as Exhibit 1;



approving the Sale Guidelines approved in the Store Closing Order (as modified,
attached hereto as Exhibit 2) for the closing of all Additional Closing Stores set forth
on Exhibit 3;



approving relief related to the Wind-Down Budget attached hereto as Exhibit 4, and
approval of payments thereunder, including payments under the Non-Insider Severance
Program as described in the Wages Motion;



approving non-insider incentive programs for certain of the Debtors’ remaining store
and distribution center employees as necessary to manage an orderly and efficient
Wind-Down, included in the Wind-Down Budget, and as set forth in the Motion
(the “Wind-Down Incentive Program”);



approving modifications to certain customer programs, including the return policy and
acceptance of gift-cards and loyalty certificates, resulting from the Wind-Down;



adjourning any motions, applications, hearings, or demands for payment of postpetition
claims (including any administrative claim allowable under 11 U.S.C. § 503(b) and
entitled to priority pursuant to 11 U.S.C. § 507) until the end of the Debtors’ proposed
administrative claims process;



approving the abandonment of certain burdensome Merchandise, FF&E, and personal
property;



setting a new Bid Deadline, Auction, and Sale Hearing related to the Bid Procedures,
and;



granting related relief;

all as more fully set forth in the Motion; and upon the First Day Declaration; and this Court
having jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the Standing Order
of Reference from the United States District Court for the Eastern District of Virginia, dated
August 15, 1984; and this Court having found that it may enter a final order consistent with

2

Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Motion.

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Article III of the United States Constitution; and this Court having found that venue of this
proceeding and the Motion in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and
this Court having found that the relief requested in the Motion is in the best interests of the Debtors’
estates, their creditors, and other parties in interest; and this Court having found that the Debtors’
notice of the Motion and opportunity for a hearing on the Motion were appropriate under the
circumstances and that no other notice need be provided; and this Court having reviewed the
Motion and having heard the statements in support of the relief requested therein at a hearing
before this Court (the “Hearing”); and this Court having determined that the legal and factual bases
set forth in the Motion and at the Hearing establish just cause for the relief granted herein; and
upon all of the proceedings had before this Court; and after due deliberation and sufficient cause
appearing therefor, it is HEREBY ORDERED THAT:
FOUND AND DETERMINED THAT:
A. The Debtors have advanced sound business reasons for entering into the Statement
of Work, as set forth in the Motion and at the Hearing, and such entry is a reasonable exercise
of the Debtors’ business judgment and in the best interest of the Debtors and their estates.
B. The Statement of Work was entered into by the Consultant and the Debtors without
collusion, in good faith, and from an arm’s length bargaining position.
C. The conduct of the Store Closings at the Additional Closing Stores in accordance
with the Sale Guidelines and the Store Closing Order will provide an efficient means for the
Debtors to dispose of the Debtors’ remaining inventory and wind down store operations.
D. Notice of the Motion constituted sufficient Notice of the Additional Closing Stores
on the Additional Closing Store List pursuant to the Store Closing Order.

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E. The relief set forth herein is necessary to avoid immediate and irreparable harm to
the Debtors and their estates and the Debtors have demonstrated good, sufficient, and sound
business purposes and justifications for the relief approved herein.
F. The entry of this Order is in the best interests of the Debtors and their estates,
creditors, and interest holders and all other parties in interest herein; and now therefore it is
hereby ORDERED THAT:
1.

The Motion is granted as set forth herein.

2.

The Debtors’ implementation and effectuation of the Wind-Down is approved as

set forth herein, pursuant to section 105(a) and 363(b) of the Bankruptcy Code.
3.

The Debtors are authorized, pursuant to sections 105(a) and 363(b) of the

Bankruptcy Code and without further notice or relief from the Court except as provided herein, to
take any and all actions consistent with this Order and the Final Order (I) Authorizing the Debtors
to Obtain Postpetition Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III)
Granting Liens and Providing Superpriority Administrative Expense Status, (IV) Granting
Adequate Protection to the Prepetition Secured Parties, (V) Modifying the Automatic Stay, and
(VI) Granting Related Relief [Docket No. 342] (the “Final DIP Order”) that are necessary or
appropriate in the exercise of their reasonable business judgment to implement the Wind-Down.
4.

In the event of a conflict between any of the terms and provisions of this Order, on

the one hand, and any of the terms and provisions of the Store Closing Order, the Statement of
Work, or the Sale Guidelines on the other hand, the terms and provisions of this Order shall control.
The Debtors may conduct the Wind-Down in accordance with the Wind-Down Budget, as may be
modified consistent with the Final DIP Order to efficiently and effectively implement the
Wind-Down.

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A.

The Store Closings.

5.

The Debtors are authorized (but not required) pursuant to sections 105(a)

and 363(b)(1) of the Bankruptcy Code, to immediately conduct the Store Closings at the
Additional Closing Stores in accordance with this Order, the Store Closing Order (as incorporated
herein and as amended by this Order), the Sale Guidelines, and the Statement of Work.
6.

Paragraph 5 of the Sale Guidelines approved in the Store Closing Order shall be

modified with respect to the Additional Closing Stores to allow Consultant to advertise the Sales
as “going out of business” or similarly themed sales. The approved Sale Guidelines, as amended,
are attached hereto as Exhibit 2.
7.

The Debtors may cease a Store Closing at any Additional Closing Store at any time

if the Debtors determine in the exercise of their reasonable business judgment that doing so may
result in a more value-maximizing going-concern transaction. The commencement of store
closings, including as “going out of business” or similarly-themed sales, at any store shall not
preclude, hinder, or otherwise limit the Debtors’ ability to cease the Store Closings and include
such stores as part of a going-concern sale transaction.
8.

The Debtors are authorized to discontinue operations at the Additional Closing

Stores in accordance with this Order, the Store Closing Order, and the Sale Guidelines.
9.

Neither the Debtors nor the Consultant nor any of their officers, employees, or

agents shall be required to obtain the approval of any third party, including (without limitation)
any Governmental Unit (as defined under section 101(27) of the Bankruptcy Code) or landlord, to
conduct the Store Closings at the Additional Closing Stores and to take the related actions
authorized herein.

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B.

Approval of the Statement of Work.

10.

The Debtors are authorized, pursuant to section 363(b)(l) of the Bankruptcy Code,

to enter into the Statement of Work, and the Statement of Work substantially in the form attached
hereto as Exhibit 1 is hereby approved in all respects. The Debtors are authorized, subject to the
provisions of the Final DIP Order, to take any and all actions that are necessary or appropriate in
the exercise of their reasonable business judgment to perform in accordance with the terms of the
Statement of Work and this Order, including making payments required by the Statement of Work
and the Consulting Agreement approved under the Store Closing Order, including fees and
reimbursement of expenses to the Consultant without the need for any application of the
Consultant or a further order of this Court; provided, however, that the Debtors shall provide
information reasonably requested by the DIP Lenders, Ad Hoc Group, and Creditors’ Committee,
from time to time, concerning any and all such payments. All such payments of fees and
reimbursement of expenses shall be free and clear of any and all encumbrances.
11.

Subject to the restrictions set forth in this Order, the Store Closing Order as

amended by this Order, the Final DIP Order, and the Sale Guidelines, the Debtors and the
Consultant are hereby authorized to take any and all actions as may be necessary or desirable to
implement the Statement of Work, and the Store Closings at the Additional Closing Stores, and
each of the transactions contemplated by the Statement of Work. Any actions taken by the Debtors
and the Consultant necessary or desirable to implement any Statement of Work and/or the Store
Closings at the Additional Closing Stores prior to the date of this Order, are hereby approved and
ratified to the extent consistent with this Order and the Final DIP Order.
12.

Except as expressly provided for herein or in the Sale Guidelines, no person or

entity (whether or not such person or entity is a counterparty to the Debtors under any lease,
sublease, ground lease, underlying lease, or main lease), including, but not limited to, any landlord,
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ground landlord, overlandlord, underlying landlord, main landlord or any lenders thereto, licensor,
service providers, utilities, or creditors, shall take any action to directly or indirectly prevent,
interfere with, or otherwise hinder consummation of the Store Closings at the Additional Closing
Stores; provided that the Store Closings at the Additional Closing Stores are conducted in
accordance with the terms of this Order, the Sale Guidelines (as may be modified by a validly
executed Side Letter), and the Final DIP Order. Any restrictions in any lease agreement, sublease,
ground lease, overlease, underlying lease, main lease, restrictive covenant, or similar documents
purporting to limit, condition, or impair the Debtors’ or the Consultant’s ability to conduct the
Store Closings at the Additional Closing Stores shall not be enforceable, nor shall any breach of
such provisions in these chapter 11 cases constitute a default under a lease (or any other agreement
above to the extent applicable) or provide a basis to terminate the lease (or any other agreement
referenced above to the extent applicable).
C.

Abandonment of Property.

13.

The Debtors are authorized, with consent of the DIP Agents (as defined in the Final

DIP Order) and after consultation with the Creditors’ Committee, to abandon any Merchandise,
personal property, and FF&E at the Additional Closing Stores, the Corporate Offices, and/or the
Distribution Centers as well as any Burdensome Property, including, but not limited to, property
held by shippers or agents of the Debtors; provided that, to the extent prohibited by applicable law,
the Consultant and Debtors are not authorized to abandon, and the Debtors are directed to remove
and properly dispose of, any hazardous materials defined under applicable law of the jurisdiction
in which the materials are located from any leased premises as and to the extent required by
applicable law of the jurisdiction in which the lease premises lies.

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D.

The Wind-Down Incentive Program.

14.

The Wind-Down Incentive Program is hereby approved in its entirety, pursuant to

sections 105(a), 363(b) and 503(c)(3) of the Bankruptcy Code. The Debtors are authorized to pay
awards under the Wind-Down Incentive Program in compliance with the Wind-Down Budget. For
the avoidance of doubt, and notwithstanding anything herein or in the Motion to the contrary, no
insiders shall participate in the Wind-Down Incentive Program.
15.

The Wind-Down (and the Debtors’ sending WARN notices to employees) shall be

deemed a non-voluntary termination of all existing employees.
E.

Non-Insider Employee Severance Program.

16.

The Debtors may make payments under the Non-Insider Employee Severance

Program to the extent provided for in the Wind-Down Budget.
F.

Consumer Provisions.

17.

For the first thirty (30) days from the date of this Order, the Debtors shall accept

returns of merchandise sold by the Debtors in the ordinary course prior to any Sale Commencement
Date; provided, that such return is otherwise in compliance with the Debtors’ return policies in
effect as of the date such item was purchased and the customer is not repurchasing the same item
so as to take advantage of the sale price being offered in the Store Closings; provided, further, that
(i) returns of items sold on a “final” basis, including items sold in the Initial Closing Stores on a
“final” basis pursuant to the Store Closing Order, shall not be accepted, and (ii) gift cards may not
be returned for cash.
18.

All in-store sales in Additional Store Closings shall be “as is” and final. Returns

related to the purchases made in Additional Store Closings shall not be accepted, except as set
forth herein.

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Notwithstanding anything herein, all state and federal laws relating to implied

warranties for latent defects shall be complied with and are not superseded by the sale of said
goods or the use of the terms “as is” or “final sales.” The Debtors shall accept return of any goods
purchased during the Store Closings that contain a defect which the lay consumer could not
reasonably determine was defective by visual inspection prior to purchase for a full refund;
provided, that the consumer must return the merchandise within twenty-one (21) days of their
purchase, the consumer must provide a receipt for the purchase to the Debtors, and the asserted
defect must in fact be a “latent” defect, which goods shall not be resold by the Debtors
20.

For the first twenty-one (21) days from the date of entry of this Order, the Debtors

shall continue to accept the Debtors’ validly-issued gift certificates, gift cards, and loyalty
certificates issued prior to the Sale Commencement Date in their e-commerce business in the
ordinary course of business. For the first twenty-one days from the date of the reopening of any
store, such store will continue to accept the Debtors’ validly-issued gift certificates, gift cards, and
loyalty certificates issued prior to the Sale Commencement Date for in-person (and only in person)
purchases in the ordinary course of business. After the expiration of the twenty-one days to utilize
gift certificates, gift cards, and loyalty certificates on the e-commerce platform or in-store, all such
validly-issued gift certificates, gift cards, and loyalty certificates will no longer be accepted by the
Debtors and deemed to have no remaining value. Notwithstanding any policy or state law to the
contrary, the gift cards, gift certificates, and loyalty certificates are not redeemable for cash at any
time.
21.

The Debtors and the Consultant shall post conspicuous signs in their stores,

including at their cash registers, explaining the above “consumer provisions” to customers,

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including the return policies and gift card policy, which shall remain posted throughout the
duration of the Store Closings.
G.

Administrative Claims Process.

22.

Except as otherwise provided for herein, all entities who hold or assert any

postpetition claim(s) (including any administrative claim allowable under 11 U.S.C. § 503(b) and
entitled to priority pursuant to 11 U.S.C. § 507) that is not provided for in the Wind-Down Budget
shall follow the Administrative Claims Process established by this Court.
23.

Any motion, application, action, or pleading filed in these cases seeking payment

for any amounts not included in the Wind-Down Budget shall be automatically adjourned until
such motion, application, action, or pleading is resolved or adjudicated in the Administrative
Claims Process.
H.

Authorized Approvers.

24.

The Authorized Approvers on the list attached hereto as Exhibit 5 (the “Authorized

Approver List”) are authorized to issue Critical Third-Party Notices to vendors and any service
providers whose services are covered by the Wind-Down Budget, and the Debtors are authorized,
but not directed, to make payments to parties so notified consistent with the Wind-Down Budget.
Any vendor or service provider may rely upon: (i) the written representation of one of the Debtors’
advisors or Remaining Employees (when accompanied by a copy of this Order) that such party is
an Authorized Approver if the vendor or service provider reasonably believes that the
representation is true and (ii) a written instruction of an Authorized Approver (or such person as
the vendor or service provider reasonably believes is an Authorized Approver) in making
determinations regarding whether to provide a good or service to the Debtors.
25.

An Authorized Approver may approve expenses (i) for goods and services provided

to the Debtors on or after May 29 that are necessary for the Wind Down; (ii) with respect to stores
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opening prior to May 29 and the Debtors e-commerce business, all amounts incurred in connection
with such activities; (iii) for goods and services provided prior to May 29 for vendors and suppliers
whose services are necessary for the Wind-Down, and for which payment is required in order for
the Debtors to receive goods or services during the Wind-Down period, and the payment is
included in the Wind-Down Budget; (iv) otherwise agreed to by the Debtors’ lenders, including
the Ad Hoc Group of Term Lenders, or (v) incurred during the Limited Operation Period.
Furthermore, no payments of administrative claims under section 503(b)(9) will be made pursuant
to the Wind Down Budget.
26.

Following consultation with the Creditors’ Committee, the Debtors are authorized

to supplement the Authorized Approvers List as necessary to add or remove Authorized Approvers
from time to time in their sole discretion without the need for any further hearing. In such event,
the Debtors shall file the amended or supplemental Authorized Approver List with this Court and
serve such list on the Notice Parties. Vendors and other service providers shall be entitled to rely
upon the written statements of an Authorized Approver so long as such written statement was
made when the Authorized Approver was on the Authorized Approver List at the time such
statement was made.
27.

The Debtors shall post the Authorized Approvers List on their case website and

shall promptly post any and all updates to such list made from time to time.
I.

Notice of Auction and Asset Sale.

28.

The dates of the Bid Deadline, Auction, and Sale Hearing as set forth in the Bidding

Procedures Order are amended as follows:

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Event

Date

Bid Deadline

July 1, 2020, at 5:00 p.m. (prevailing
Eastern Time)

Auction

July 8, 2020, at 10:00 a.m. (prevailing
Eastern Time), or as may be adjourned to
such later date by the Debtors

Sale Hearing

July 15, 2020, at a time to be determined,
or such other date and time that the Court
may later direct and as agreed upon by the
Debtors

The Bidding Procedures Order applies to the Asset Sales contemplated by the

Motion. For the avoidance of doubt, any order approving the Asset Sale shall not impair the
Wind-Down.
J.

Other Provisions.

30.

For the avoidance of doubt, the Consultant and landlords are authorized but not

required to enter into Side Letters (as defined and described in the Store Closing Order) modifying
the Sale Guidelines with regard to any Additional Closing Stores. In the event of a conflict
between the Sale Guidelines, this Order (but solely with respect to conduct of the sales) and any
Side Letter, the terms of such Side Letter shall control.
31.

The Statement of Work and related documents may be modified, amended or

supplemented by the parties thereto in accordance with the terms thereof and with the consent of
the DIP Agents and following consultation with the Creditors’ Committee, without further order
of this Court so long as the interests of counterparties to leases of non-residential real property are
not adversely affected or as otherwise ordered by the Court.

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Notwithstanding anything contrary in the Statement of Work, the Debtors and their

estates shall not indemnify the Consultant for any damages arising primarily out of the
Consultant’s fraud, willful misconduct, or gross negligence.
33.

Notwithstanding Bankruptcy Rule 6004(h), this Order shall take effect immediately

upon its entry.
34.

Notice of the Motion as provided therein is deemed good and sufficient notice of

such Motion and the requirements of Bankruptcy Rule 6004(a) and the Local Bankruptcy Rules of
this Court are satisfied by such notice.
35.

Notwithstanding Bankruptcy Rules 6003(b) and 6004(h), the terms and conditions

of this Order are immediately effective and enforceable upon its entry.
36.

Cause exists to shorten the notice period set forth in Bankruptcy Rule 2002, to the

extent applicable.
37.

The requirement under Local Bankruptcy Rule 9013-1(G) to file a memorandum

of law in connection with the Motion is hereby waived to the extent necessary.
38.

This Court shall retain jurisdiction with regard to all issues or disputes relating to

this Order or the Statement of Work, including, but not limited to, (a) any claim or issue relating
to any efforts by any party or person to prohibit, restrict or in any way limit banner and sign-walker
advertising, including with respect to any allegations that such advertising is not being conducted
in a safe, professional, and non-deceptive manner, (b) any claim of the Debtors, the landlords
and/or the Consultant for protection from interference with the Store Closings, (c) any other
disputes related to the Store Closings, and (d) protect the Debtors and/or the Consultant against
any assertions of any liens, claims, encumbrances, and other interests. No such parties or person
shall take any action against the Debtors, the Consultant, the landlords, or the Store Closings until

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this Court has resolved such dispute. This Court shall hear the request of such parties or persons
with respect to any such disputes on an expedited basis, as may be appropriate under the
circumstances.
Dated: ____________
Richmond, Virginia

United States Bankruptcy Judge

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WE ASK FOR THIS:
/s/ Jeremy S. Williams
Michael A. Condyles (VA 27807)
Peter J. Barrett (VA 46179)
Jeremy S. Williams (VA 77469)
Brian H. Richardson (VA 92477)
KUTAK ROCK LLP
901 East Byrd Street, Suite 1000
Richmond, Virginia 23219-4071
Telephone:
(804) 644-1700
Facsimile:
(804) 783-6192
- and Joshua A. Sussberg, P.C. (admitted pro hac vice)
Emily E. Geier (admitted pro hac vice)
AnnElyse Scarlett Gains (admitted pro hac vice)
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
601 Lexington Avenue
New York, New York 10022
Telephone:
(212) 446-4800
Facsimile:
(212) 446-4900
- and Joshua M. Altman (admitted pro hac vice)
300 North LaSalle Street
KIRKLAND & ELLIS LLP
KIRKLAND & ELLIS INTERNATIONAL LLP
Chicago, Illinois 60654
Telephone:
(312) 862-2000
Facsimile:
(312) 862-2200
Co-Counsel to the Debtors and Debtors in Possession

CERTIFICATION OF ENDORSEMENT
UNDER LOCAL BANKRUPTCY RULE 9022-1(C)
Pursuant to Local Bankruptcy Rule 9022-1(C), I hereby certify that the foregoing proposed order has been endorsed by
or served upon all necessary parties.
/s/ Jeremy S. Williams

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Exhibit 1
Statement of Work
[To come]

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Exhibit 2
Sale Guidelines

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Sale Guidelines16
1.
The Sales shall be conducted so that the Closing Stores in which sales are
to occur will remain open no longer than during the normal hours of operation or such
hours as otherwise provided for in the respective leases for the Closing Stores.
2.
The Sales shall be conducted in accordance with applicable state and local
“Blue Laws”, where applicable, so that no Sale shall be conducted on Sunday unless the
Merchant had been operating such Closing Store on a Sunday prior to the commencement
of the Sales.
3.
On “shopping center” property, the Consultant shall not distribute handbills,
leaflets or other written materials to customers outside of any Closing Stores’ premises,
unless permitted by the lease or, if distribution is customary in the “shopping center” in
which such Closing Store is located; provided that the Consultant may solicit customers in
the Closing Stores themselves. On “shopping center” property, the Consultant shall not
use any flashing lights or amplified sound to advertise the Sales or solicit customers, except
as permitted under the applicable lease or agreed to by the landlord.
4.
At the conclusion of the Sale, the Consultant shall vacate the Closing Stores
in broom clean condition; provided that Consultant may abandon any furniture, fixtures
and equipment (including, but not limited to, machinery, rolling stock, office equipment
and personal property, and conveyor systems and racking) (“FF&E”) not sold in the Sales
at the conclusion of the Sales (the “Termination Date”), without cost or liability of any
kind to the Consultant. The Consultant shall notify the Merchant of its intention to abandon
any FF&E at least two (2) days prior to the Termination Date. The Merchant will have the
option to remove the FF&E, at its own cost prior to the Termination Date. Any abandoned
FF&E left in a Closing Store after a lease is rejected shall be deemed abandoned to the
landlord having a right to dispose of the same as the landlord chooses without any liability
whatsoever on the part of the landlord to any party and without waiver of any damage
claims against the Merchant. For the avoidance of doubt, as of the Termination Date, the
Consultant may abandon, in place and without further responsibility or liability of any kind,
any FF&E.
5.
The Consultant may advertise the Sales as “going out of business”, “store
closing”, “sale on everything”, “everything must go”, “everything on sale” or similarthemed sales. The Consultant may also have a “countdown to closing” sign prominently
displayed in a manner consistent with these Sale Guidelines. All signs, banners, ads and
other advertising material, promotions, and campaigns will be approved by the Merchant,
prior to purchase, in accordance with these Sale Guidelines.
6.
The Consultant shall be permitted to utilize sign walkers, display, hanging
signs, and interior banners in connection with the Sales; provided that such sign walkers,
display, hanging signs, and interior banners shall be professionally produced and hung in
16

Capitalized terms used but not defined in these Sale Guidelines have the meanings given to them in the Motion.

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a professional manner. The Merchant and Consultant shall not use neon or day-glo on its
sign walkers, display, hanging signs, or interior banners. Furthermore, with respect to
enclosed mall locations, no exterior signs or signs in common areas of a mall shall be used
unless otherwise expressly permitted in these Sale Guidelines. In addition, the Merchant
and Consultant shall be permitted to utilize exterior banners at (i) non-enclosed mall
Closing Stores and (ii) enclosed mall Closing Stores to the extent the entrance to the
applicable Closing Store does not require entry into the enclosed mall common area;
provided, however, that such banners shall be located or hung so as to make clear that the
Sales are being conducted only at the affected Closing Store, and shall not be wider than
the storefront of the Closing Store. In addition, the Merchant and Consultant shall be
permitted to utilize sign walkers in a safe and professional manner and in accordance with
the terms of the Order. Nothing contained in these Sale Guidelines shall be construed to
create or impose upon the Consultant any additional restrictions not contained in the
applicable lease agreement.
7.
Conspicuous signs shall be posted in the cash register areas of each of the
affected Closing Stores to effect that “all sales are final.”
8.
Except with respect to the hanging of exterior banners, the Consultant shall
not make any alterations to the storefront or exterior walls of any Closing Stores, except as
authorized by the applicable lease.
9.
The Consultant shall not make any alterations to interior or exterior Closing
Store lighting, except as authorized by the applicable lease. No property of the landlord of
a Closing Store shall be removed or sold during the Sales. The hanging of exterior banners
or in-Closing Store signage and banners shall not constitute an alteration to a Closing Store.
10.
The Consultant shall keep Closing Store premises and surrounding areas
clear and orderly consistent with present practices.
11.
The Consultant, at the direction of the Debtors, and the landlord of any Store
are authorized to enter into Side Letters without further order of the Court; provided that
such agreements do not have a material adverse effect on the Debtors or their estates.
12.
Subject to the provisions of the Consulting Agreement, the Consultant shall
have the right to use and sell all FF&E owned by the Merchant (the “Owned FF&E”),
approved by the Merchant. The Consultant may advertise the sale of the Owned FF&E in
a manner consistent with these guidelines. The purchasers of any Owned FF&E sold
during the sale shall be permitted to remove the Owned FF&E either through the back or
alternative shipping areas at any time, or through other areas after applicable business
hours; provided, however, that the foregoing shall not apply to de minimis FF&E sales
made whereby the item can be carried out of the Closing Store in a shopping bag. For the
avoidance of doubt, as of the Sale Termination Date, the Consultant may abandon, in place
and without further responsibility, any FF&E.
13.
At the conclusion of the Sales at each Closing Store, pending assumption or
rejection of applicable leases, the landlords of the Closing Stores shall have reasonable
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access to the Closing Stores’ premises as set forth in the applicable leases. The Merchant,
Consultant and their agents and representatives shall continue to have access to the Closing
Stores as provided for in the Consulting Agreement.
14.
The rights of landlords against Merchant for any damages to a Closing Store
shall be reserved in accordance with the provisions of the applicable lease.
15.
If and to the extent that the landlord of any Closing Store affected hereby
contends that the Merchant or Consultant is in breach of or default under these Sale
Guidelines, such landlord shall email or deliver written notice by overnight delivery on the
Merchant and Consultant as follows:
If to Gordon Brothers:
Gordon Brothers Retail Partners, LLC
Prudential Tower
800 Boylston Street
27th Floor
Boston, MA 02199
Attn: Mackenzie Shea
Email: mshea@gordonbrothers.com
- and Riemer Braunstein LLP
7 Times Square
Suite 2506
New York, New York 10036
Attn: Steven Fox
Email: SFox@riemerlaw.com
If to Merchant:
Pier 1 Imports, Inc.
P.O. Box 961020
Fort Worth, Texas 76161-0020
Attention: Legal Department
- and Pier 1 Imports
685 John B Sias Memorial Parkway, Suite 255
Fort Worth, Texas 76134
Attention: Legal Department

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with copies (which shall not constitute notice) to:
Kutak Rock LLP
901 East Byrd Street, Suite 1000
Richmond, Virginia 23219-4071
Attention: Michael A. Condyles, Peter J. Barrett, and Jeremy S. Williams
Email: Michael.Condyles@KutakRock.com
Peter.Barrett@KutakRock.com
Jeremy.Williams@KutakRock.com
Brian.Richardson@KutakRock.com

- and Kirkland & Ellis LLP
601 Lexington Avenue
New York, New York 10022
Attention: Joshua A. Sussberg, P.C., Emily E. Geier, and AnnElyse Scarlett Gains
Email: joshua.sussberg@kirkland.com
emily.geier@kirkland.com
annelyse.gains@kirkland.com
- and Kirkland & Ellis LLP
300 North LaSalle Street
Chicago, Illinois 60654
Attention: Joshua M. Altman
E-mail: josh.altman@kirkland.com

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Exhibit 3
Additional Closing Stores List

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Exhibit 3
Additional Store Closing List
Store #
1
2
11
13
15
21
26
28
29
34
41
44
48
49
50
55
58
64
65
68
75
77
82
88
90
91
95
105
108
111
113
114
116
120
124
129
132
135
143
147
148
153
158
160
164
169
177
178
181
188
197
203
206
210
211
213
219
220
222
224
225
227
240
244
250
251
253
255

Store Name
MERRITT ISLAND FL
MEMPHIS/WALNUT GROVE TN
GREENSBURG PA
VERO BEACH FL
MEDFORD OR
PHOENIX/SCOTTSDALE AZ
CHARLESTON/MT PLEASANT SC
N ORLEANS/METAIRIE LA
NORMAN OK
BALTIMORE/GLENBUR MD
FORT COLLINS CO
HOUSTON/RIVER OAKS TX
WEST LEBANON NH
BURLINGTON WA
RAPID CITY SD
MIDLAND TX
HOUSTON/FM 1960 TX
LA/ANAHEIM HILLS CA
RALEIGH/CARY CROSSROADS NC
KC/OVERLAND PARK KS
DALLAS/ROCKWALL TX
NJ/PARAMUS ROUTE 17 NJ
DELAWARE/CHRISTIANA DE
SOLON OH
AUSTIN/ARBORETUM TX
SANDUSKY OH
ROANOKE VA
LAREDO TX
NASHVILLE/COOL SPRINGS TN
WINCHESTER VA
DALLAS/MEDALLION TX
WARREN/NILES OH
ALBANY NY
WASH DC/BOWIE MD
TULSA/SHERIDAN OK
MIAMI/CORAL GABLES FL
LOUISVILLE KY
LA/COSTA MESA CA
PARKERSBURG WV
N DARTMOUTH MA
READING PA
CULVER CITY CA
LANCASTER PA
PITTSBURGH/MONROE PA
DESTIN FL
ALBANY/CLIFTON PARK NY
HAMPTON/MERCURY BLVD VA
IDAHO FALLS ID
AUSTIN/LAKELINE TX
MORGANTOWN WV
FAYETTEVILLE/CROSS CREEK MALL NC
TOPEKA/WANAMAKER KS
ALBUQUERQUE/INDIAN SCHOOL NM
LANCASTER OH
ATLANTA/FAYETTEVILLE GA
KENNEWICK WA
BILLINGS MT
SEATTLE/LYNWOOD WA
SAN ANTONIO/HILL COUNTRY TX
NEW BERN NC
PALM BEACH/BOYNTON FL
CINC/MONTGOMERY RD OH
PLANO/PRESTON ROAD TX
LAS CRUCES NM
BAY AREA/BLOSSOM HILL RD CA
SYRACUSE NY
BUFFALO/TONAWANDA NY
GREEN BAY WI

Address
780 EAST MERRITT ISLAND CSWY UNIT 5
3115 WALNUT GROVE RD
5129 ROUTE 30
5980 20TH ST
3425 CRATER LAKE HWY
8606 EAST SHEA BLVD
1128 MARKET CENTER BLVD
800 METAIRIE RD SUITE B
200 NORMAN CENTER CT
8140 RITCHIE HWY
4336 SOUTH COLLEGE AVE
1927 WEST GRAY
254 PLAINFIELD RD
1220 S BURLINGTON BLVD
2220 HAINES AVE
3001 WEST LOOP 250N SUITE F101
5650 FM 1960
8156 EAST SANTA ANA CANYON RD
1819 WALNUT ST
7076 WEST 105TH ST
2707 MARKET CENTER DR
723 RTE 17 S
400 CENTRE BLVD
6025 KRUSE DR SUITE 156
9828 GREAT HILLS TRAIL #700
5020 MILAN RD
4952 VALLEY VIEW BLVD NW
7509 SAN DARIO AVENUE
1761 GALLERIA BLVD
2290 LEGGE BLVD
138 MEDALLION CENTER
5580 YOUNGSTOWN‐WARREN RD SUITE 11
146 WOLF RD
4410 MITCHELLVILLE RD
5255 SOUTH SHERIDAN
1224 SOUTH DIXIE HWY
4165 SHELBYVILLE RD
2710 HARBOR BLVD
607 GRAND CENTRAL AVE
36 FAUNCE CORNER ROAD
1040 BERKSHIRE BLVD
11140 JEFFERSON BLVD
806 PLAZA BLVD
4201 WM PENN HWY
4424 COMMONS DR. EAST STE 1‐A
304 CLIFTON PARK CENTER RD
1045 WEST MERCURY BLVD
2275 EAST 17TH ST
14010 US HWY 183N SUITE 200
750 VENTURE DR
575 CROSS CREEK MALL
1930 SW WANAMAKER RD
6670 INDIAN SCHOOL RD NE
2015 SCHORRWAY DR
130 PAVILLION PKWY
1232 NORTH COLUMBIA CTR BLVD
2395 ROSEBUD
2617 196TH ST SW SUITE A
18120 SAN PEDRO AVE
2033 S GLENBURNIE RD
320 NORTH CONGRESS AVE
8063 MONTGOMERY RD
1805 PRESTON RD STE. A
3020 EAST LOHMAN AVE
1009 BLOSSOM HILL RD
5788 BRIDGE ST
1650 NIAGARA FALLS BLVD
2281 SOUTH ONEIDA ST

Page 1 of 8

City 
MERRITT ISLAND
MEMPHIS
GREENSBURG
VERO BEACH
MEDFORD
SCOTTSDALE
MOUNT PLEASANT
METAIRIE
NORMAN
PASADENA
FORT COLLINS
HOUSTON
WEST LEBANON
BURLINGTON
RAPID CITY
MIDLAND
HOUSTON
ANAHEIM
CARY
OVERLAND PARK
ROCKWALL
PARAMUS
NEWARK
SOLON
AUSTIN
SANDUSKY
ROANOKE
LAREDO
FRANKLIN
WINCHESTER
DALLAS
NILES
ALBANY
BOWIE
TULSA
CORAL GABLES
LOUISVILLE
COSTA MESA
VIENNA
NORTH DARTMOUTH
READING
CULVER CITY
LANCASTER
MONROEVILLE
DESTIN
CLIFTON PARK
HAMPTON
IDAHO FALLS
AUSTIN
MORGANTOWN
FAYETTEVILLE
TOPEKA
ALBUQUERQUE
LANCASTER
FAYETTEVILLE
KENNEWICK
BILLINGS
LYNNWOOD
SAN ANTONIO
NEW BERN
BOYNTON BEACH
CINCINNATI
PLANO
LAS CRUCES
SAN JOSE
EAST SYRACUSE
TONAWANDA
GREEN BAY

State
FL
TN
PA
FL
OR
AZ
SC
LA
OK
MD
CO
TX
NH
WA
SD
TX
TX
CA
NC
KS
TX
NJ
DE
OH
TX
OH
VA
TX
TN
VA
TX
OH
NY
MD
OK
FL
KY
CA
WV
MA
PA
CA
PA
PA
FL
NY
VA
ID
TX
WV
NC
KS
NM
OH
GA
WA
MT
WA
TX
NC
FL
OH
TX
NM
CA
NY
NY
WI

Zip
32952
38111
15601
32966
97504
85260
29464
70005
73072
21122
80525
77019
3784
98233
57701
79705
77069
92808
27518
66212
75032
7652
19702
44139
78759
44870
24012
78045
37067
22601
75214
44446
12205
20716
74145
33146
40207
92626
26105
2747
19610
90230
17601
15146
32541
12065
23666
83404
78717
26508
28303
66604
87110
43130
30214
99336
59102
98036
78232
28562
33426
45236
75093
88011
95123
13057
14150
54304

 Case 20-30805-KRH

Store #
259
261
264
265
267
269
272
273
279
281
282
283
289
290
291
292
307
312
313
318
326
331
334
337
338
340
346
350
352
354
359
363
365
366
369
370
375
380
383
386
391
397
403
407
410
412
418
420
422
424
429
433
436
438
439
445
449
450
454
455
464
466
469
470
472
477
483
486
487
494
495

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Store Name
BOSTON/WOBURN MA
SEATTLE/SILVERDALE WA
GRESHAM OR
MADISON/WEST END WI
TRAVERSE CITY MI
BOZEMAN MT
WASH DC/POTOMAC VA
SPOKANE WA
MIDDLETOWN NY
GRAND JUNCTION CO
GREENFIELD WI
DAYTONA BEACH FL
ATLANTA/SNELLVILLE GA
BEL AIR MD
DETROIT/HARPER WOODS MI
TUCSON/ORACLE AZ
CHEYENNE WY
SAVANNAH GA
FAIRLAWN OH
STROUDSBURG PA
SAN ANGELO TX
LEXINGTON/HAMBURG KY
ALBUQUERQUE/COTTONWOOD NM
SANTA FE NM
DETROIT/LAKESIDE MI
SOUTHBURY CT
CHARLESTON/VILSQC SC
KEY WEST FL
CHARLOTTE/SOUTH BLVD NC
ALTOONA PA
ROCH/VICTOR NY
FLINT/GENESEE VALLEY MI
CONN/BRANFORD CT
TALLAHASSEE/GOVERNOR'S SQ FL
FREDERICKSBURG VA
SACRAMENTO/LAGUNA CA
COVINGTON LA
DETROIT/TROY MI
AUBURN AL
HUNTSVILLE/MARRIOT AL
MIAMI/S MIAMI FL
FT LAUD/CORAL SPRINGS FL
KC/BARRY RD MO
GULFPORT MS
MPLS/RIDGEDALE MN
JOHNSON CITY TN
MILWAUKEE/BROOKFIELD WI
SAN DIEGO/CARMEL MOUNTAIN CA
PORTLAND/CLACKAMAS OR
HAGERSTOWN MD
WILMINGTON NC
SALT LAKE/COTTONWOOD UT
SAN DIEGO/OCEANSIDE CA
HOUSTON/BAYTOWN TX
FRESNO/RIVERPARK CA
RHODE IS/WARWICK RI
FREEHOLD NJ
BAY AREA/DUBLIN CA
WASH DC/FAIRFAX VA
SPRINGFIELD MO
AUSTIN/ROUND ROCK TX
BRIDGEWATER NJ
STUART/TREASURE COAST FL
RICHMOND/SHORT PUMP VA
MADISON/EASTEND WI
ENFIELD CT
STL/ELLISVILLE MO
BOSTON/HANOVER MA
PALM HARBOR FL
JOPLIN MO
NEW YORK/SPRING VALLEY NY

Address
425 WASHINGTON ST
3235 NW PLAZA ST
470 NW EASTMAN PKWY
7475 MINERAL POINT RD
3180 SOUTH AIRPORT RD W
1640 NORTH 19TH AVE
14348 GIDEON DR
101 W. NORTH RIVER DR.
400 NORTH GALLERIA DR
2454 HWY 6 AND 50 SUITE 111
5170 SOUTH 76TH ST
2451 WEST INTERNATIONAL SPDWY SUITE 1101
1708 SCENIC HWY N SUITE E‐G
615 BEL AIR ROAD SUITE U
19233 VERNIER RD
4415 NORTH ORACLE RD
1345 DELL RANGE BLVD
5500 ABERCORN SUITE 1
3737 WEST MARKET ST UNIT B
101 POCONO COMMONS DRIVE
4141 SUNSET DR
1900 PAVILLION WAY
10010 COORS BLVD NW
4056 CERRILLOS SUITE A
44501 SCHOENHERR
775 MAIN STREET SOUTH
1909 SAM RITTENBURG
2716 NORTH ROOSEVELT BLVD
4729 SOUTH BLVD
2800 OLD RTE 220 PLANK RD COMMONS OUT PARCEL #4
140 COBBLESTONE COURT DR
4310 MILLER RD
1078 WEST MAIN ST
1407 EAST LAFAYETTE
3071 PLANK RD
7440 LAGUNA BLVD SUITE 102
66 PARK PLACE
388 JOHN R RD
1716 OPELIKA RD
4806 UNIVERSITY DR
8725 SW 136TH ST
751 UNIVERSITY DR
6001 NW BARRY RD
15154 CROSSROADS PKWAY
12970 WAYZATA BLVD
2116 NORTH ROAN ST SUITE 1B
17000 NW BLUEMOUND RD
12004 CARMEL MOUNTAIN RD
11211 SE 82ND AVE
17730 GARLAND GROH BLVD
3741 OLEANDER DR
4850 HIGHLAND DR
2555 VISTA WAY
6616 GARTH RD
7457 N BLACKSTONE AVE
1276 BALD HILL RD
4331 ROUTE 9 UNIT 1
4976 DUBLIN BLVD
11210 JAMES SWART CIRCLE
3110 S GLENSTONE AVE
2701‐B PARKER ROAD
385 U S HWY 202‐206
3520 NORTHWEST FEDERAL HWY
11120 W BROAD STREET
4260 EAST TOWNE BLVD
34 HAZARD AVE UNIT #8
15382 MANCHESTER RD
1282 WASHINGTON ST
31650 U S HWY 19 N
410 RANGE LINE RD
150 SPRING VALLEY MARKET PLACE

Page 2 of 8

City 
WOBURN
SILVERDALE
GRESHAM
MADISON
TRAVERSE CITY
BOZEMAN
WOODBRIDGE
SPOKANE
MIDDLETOWN
GRAND JUNCTION
GREENDALE
DAYTONA BEACH
SNELLVILLE
BEL AIR
HARPER WOODS
TUCSON
CHEYENNE
SAVANNAH
FAIRLAWN
STROUDSBURG
SAN ANGELO
LEXINGTON
ALBUQUERQUE
SANTA FE
STERLING HEIGHTS
SOUTHBURY
CHARLESTON
KEY WEST
CHARLOTTE
ALTOONA
VICTOR
FLINT
BRANFORD
TALLAHASSEE
FREDERICKSBURG
ELK GROVE
COVINGTON
TROY
AUBURN
HUNTSVILLE
MIAMI
CORAL SPRINGS
KANSAS CITY
GULFPORT
MINNETONKA
JOHNSON CITY
BROOKFIELD
SAN DIEGO
HAPPY VALLEY
HAGERSTOWN
WILMINGTON
SALT LAKE CITY
OCEANSIDE
BAYTOWN
FRESNO
WARWICK
FREEHOLD
DUBLIN
FAIRFAX
SPRINGFIELD
ROUND ROCK
BRIDGEWATER
JENSEN BEACH
GLEN ALLEN
MADISON
ENFIELD
BALLWIN
HANOVER
PALM HARBOR
JOPLIN
SPRING VALLEY

Desc Main

State
MA
WA
OR
WI
MI
MT
VA
WA
NY
CO
WI
FL
GA
MD
MI
AZ
WY
GA
OH
PA
TX
KY
NM
NM
MI
CT
SC
FL
NC
PA
NY
MI
CT
FL
VA
CA
LA
MI
AL
AL
FL
FL
MO
MS
MN
TN
WI
CA
OR
MD
NC
UT
CA
TX
CA
RI
NJ
CA
VA
MO
TX
NJ
FL
VA
WI
CT
MO
MA
FL
MO
NY

Zip
1801
98383
97030
53717
49684
59718
22192
99201
10941
81505
53129
32114
30078
21014
48225
85705
82009
31405
44333
18360
76904
40509
87114
87507
48313
6488
29407
33040
28217
16601
14564
48507
6405
32301
22401
95758
70433
48083
36830
35816
33176
33071
64154
39503
55305
37601
53005
92128
97086
21740
28403
84117
92054
77521
93720
2886
7728
94568
22030
65804
78681
8807
34957
23060
53704
6082
63011
2339
34684
64801
10977

 Case 20-30805-KRH

Store #
504
513
514
518
519
521
531
532
534
536
540
541
542
544
545
552
553
555
557
561
562
565
566
569
570
574
575
577
580
581
583
584
585
586
587
588
592
593
595
598
599
600
604
610
612
617
618
622
629
633
635
636
640
643
647
648
649
650
652
655
658
663
670
674
677
682
683
688
697
698
704

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 57 of 65

Store Name
MIAMI/AVENTURA FL
ST JOSEPH/BENTON HARBOR MI
ORLANDO/WINTER PARK FL
OLD SAYBROOK CT
FT MYERS/CLEVELAND AVE FL
PEORIA/CHARTER OAK PLAZA IL
BATON ROUGE/BLUEBONNET LA
COLUMBIA MD
WATCHUNG NJ
PORT CHARLOTTE FL
DETROIT/AUBURN HILLS MI
ATLANTA/MALL OF GEORGIA
WILKES‐BARRE PA
PLAINFIELD IN
LA/BREA UNION CA
SIOUX FALLS SD
FORT SMITH AR
CHAMPAIGN IL
TEMPLE TX
PADUCAH KY
BLOOMINGTON IL
TYLER TX
AUSTIN/SUNSET VALLEY TX
VIRGINIA BEACH VA
COLUMBIA MO
MAPLE GROVE MN
SCRANTON PA
OK CITY/QUAIL SPRINGS OK
PHIL/WILLOW GROVE PA
PORTLAND/JANTZEN BEACH OR
GAINESVILLE FL
DULUTH MN
MEMPHIS/WOLFCHASE COMMONS TN
FW/HULEN TX
MPLS/WOODBURY MN
HUMBLE TX
HOUSTON/SUGAR LAND TX
CHIC/NILES IL
DENVER/PARK MEADOWS CO
SAN DIEGO/LA MESA CA
ENCINITAS CA
BINGHAMTON/VESTAL PKWY NY
ORLANDO/SANFORD FL
LA/MARINA PACIFICA CA
MYRTLE BEACH SC
EAU CLAIRE WI
SEATTLE/OLYMPIA WA
STL/MID RIVERS MO
PHOENIX/SUPERSTITION AZ
SAN ANTONIO/SAN PEDRO TX
SPOKANE/NORTHPOINT WA
PITTS/CRANBERRY TOWNSHIP PA
FT LAUD/FEDERAL HWY FL
LA/LACANADA CA
BRADENTON FL
MANCHESTER NH
HOT SPRINGS AR
WASH DC/LAUREL MD
TWIN FALLS ID
MIDLAND MI
LAKELAND FL
FT LAUD/PEMBROKE PINES FL
WINSTON‐SALEM NC
CHICO CA
OCALA/PADDOCK FL
DETROIT/TAYLOR MI
LA/PALMDALE CA
SOUTHERN PINES NC
FLORENCE/MALL RD KY
NEWINGTON CT
LI/LAKE GROVE NY

Address
18681 BISCAYNE BLVD
1000 E NAPIER AVE SUITE A
480 N ORLANDO AVE SUITE 100
665 BOSTON POST RD
4945 S CLEVELAND AVE
5115 W HOLIDAY DRIVE
6757 BLUEBONNET BLVD
6131 COLUMBIA CROSSING CIRCLE SUITE T‐4
1515 ROUTE 22 WEST #16
18500 VETERANS BLVD UNIT 1
3918 BALDWIN ROAD
1695 MALL OF GEORGIA BLVD
407 ARENA HUB PLAZA
2683 EAST MAIN STREET SUITE 103
2395 EAST IMPERIAL HWY SUITE B
3801 WEST 49TH ST
6604 ROGERS AVE
2001 NORTH PROSPECT AVE
3040 SOUTH 31ST ST
3021 NEW HOLT ROAD KENTUCKY OAKS MALL
1 AUTO ROW DR
4516 SOUTH BROADWAY
4965 WEST HWY 290
3405 VIRGINIA BEACH BLVD
1901 BERNADETTE DR BLDG 3‐B
7900 WEDGEWOOD LN
700 COMMERCE BLVD
13801 NORTH PENNSYLVANIA #D
1134 EASTON RD
1800 N. TOMAHAWK ISLAND DR.
3638 SW ARCHER RD
901 WEST CENTRAL ENTRANCE
2725 NORTH GERMANTOWN PKWY
4901 OVERTON RIDGE BLVD
8452 TAMARACK VILLAGE
20524 U S HWY 59 N
2521 TOWN CENTER BLVD N
5637 WEST TOUHY AVE
8360 SOUTH WILLOW ST
5500 GROSSMONT CENTER DR SUITE 123
1022 NORTH EL CAMINO REAL
2540 VESTAL PKWY EAST SUITE 1
401 TOWN CENTER BLVD
6378 PACIFIC COAST HWY SUITE A
1101 SEABOARD ST
4008 COMMONWEALTH AVE
1309 COOPER POINT RD
180 MID‐RIVERS MALL CIRCLE
1155 SOUTH POWER RD SUITE 110
7080 SAN PEDRO AVE
9940 NORTH NEWPORT HWY
20267 RTE 19 N
1860 NORTH FEDERAL HWY
2200 FOOTHILL BLVD
4430 14TH ST W
1111 SOUTH WILLOW ST
200 CORNERSTONE BLVD
3401 FORT MEADE ROAD
1676 LOCUST ST N
1409 JOE MANN BLVD
3880 U S HWY 98 N
11575 PINES BLVD
1026 HANES MALL BLVD
1931 EAST 20TH ST
2516 SW COLLEGE RD
14440 PARDEE ROAD
1105 WEST AVE P
9 PINECREST PLAZA
7606 MALL RD
2661 BERLIN TURNPIKE
2021 SMITH HAVEN PLAZA

Page 3 of 8

City 
AVENTURA
BENTON HARBOR
WINTER PARK
OLD SAYBROOK
FORT MYERS
PEORIA
BATON ROUGE
COLUMBIA
WATCHUNG
PORT CHARLOTTE
AUBURN HILLS
BUFORD
WILKES‐BARRE TOWNSHIP
PLAINFIELD
BREA
SIOUX FALLS
FORT SMITH
CHAMPAIGN
TEMPLE
PADUCAH
BLOOMINGTON
TYLER
SUNSET VALLEY
VIRGINIA BEACH
COLUMBIA
MAPLE GROVE
DICKSON CITY
OKLAHOMA CITY
WILLOW GROVE
PORTLAND
GAINESVILLE
DULUTH
MEMPHIS
FORT WORTH
WOODBURY
HUMBLE
SUGAR LAND
NILES
LONE TREE
LA MESA
ENCINITAS
VESTAL
SANFORD
LONG BEACH
MYRTLE BEACH
EAU CLAIRE
OLYMPIA
SAINT PETERS
MESA
SAN ANTONIO
SPOKANE
CRANBERRY TOWNSHIP
FORT LAUDERDALE
LA CANADA FLINTRIDGE
BRADENTON
MANCHESTER
HOT SPRINGS
LAUREL
TWIN FALLS
MIDLAND
LAKELAND
PEMBROKE PINES
WINSTON‐SALEM
CHICO
OCALA
TAYLOR
PALMDALE
SOUTHERN PINES
FLORENCE
NEWINGTON
LAKE GROVE

Desc Main

State
FL
MI
FL
CT
FL
IL
LA
MD
NJ
FL
MI
GA
PA
IN
CA
SD
AR
IL
TX
KY
IL
TX
TX
VA
MO
MN
PA
OK
PA
OR
FL
MN
TN
TX
MN
TX
TX
IL
CO
CA
CA
NY
FL
CA
SC
WI
WA
MO
AZ
TX
WA
PA
FL
CA
FL
NH
AR
MD
ID
MI
FL
FL
NC
CA
FL
MI
CA
NC
KY
CT
NY

Zip
33180
49022
32789
6475
33907
61615
70836
21045
7069
33954
48326
30519
18702
46168
92821
57106
72903
61822
76502
42001
61704
75703
78735
23452
65203
55369
18519
73134
19090
97217
32608
55811
38133
76132
55125
77338
77479
60714
80124
91942
92024
13850
32771
90803
29577
54701
98502
63376
85206
78216
99218
16066
33305
91011
34207
3103
71913
20724
83301
48642
33809
33026
27103
95928
34471
48180
93551
28387
41042
6111
11755

 Case 20-30805-KRH

Store #
705
708
709
713
715
722
723
724
725
726
729
730
732
733
736
742
744
745
746
751
752
757
762
764
766
774
775
782
784
786
787
790
791
792
794
795
797
806
809
810
813
816
821
829
836
842
843
844
848
852
854
867
871
881
886
887
888
889
892
1000
1002
1006
1007
1010
1015
1016
1017
1018
1019
1022
1026

Store Name
BAKERSFIELD CA
CLEVELAND/MENTOR OH
SANTA ROSA CA
SALEM NH
SALT LAKE/SANDY UT
BOISE/TOWN SQUARE ID
ST PETE/4TH ST FL
PHOENIX/77TH BELL AZ
EL PASO/SUNLAND MALL TX
MELBOURNE/MELBOURNE SQ FL
FAYETTEVILLE AR
CORPUS CHRISTI/MOORE PLAZA TX
LA CROSSE WI
PUYALLUP WA
CANTON/BELDEN VLG OH
DAYTON/MAD RIVER OH
BELLINGHAM WA
CHIC/JOLIET IL
WASH DC/LEESBURG VA
DELAWARE/WILMINGTON DE
LI/FREEPORT NY
PALM BEACH/W BOCA FL
SYRACUSE/GREAT NORTHERN NY
BOSTON/NORWOOD MA
SEBRING FL
BOWLING GREEN KY
ABILENE TX
STL/SOUTH COUNTY MO
SAN ANTONIO/HUEBNER OAKS TX
FORT WAYNE IN
MIAMI/CORAL WAY FL
TOMS RIVER NJ
HUNTINGTON WV
HAMPTON/CHESAPEAKE SQ VA
PHIL/MONTGOMERYVILLE PA
BUFFALO/MCKINLEY NY
NAPLES FL
MURFREESBORO TN
TEMECULA CA
LITTLE ROCK/MCCAIN AR
FRESNO/CLOVIS CA
PORTLAND/HILLSBORO OR
PITTSBURGH/WATERWORKS
BRANDON/OLD TIMES SQUARE FL
MERRIMACK NH
DETROIT/CHESTERFIELD MI
FARGO ND
MPLS/BURNSVILLE MN
HYANNIS MA
LAFAYETTE/AMBASSADOR LA
CHIC/CHICAGO RIDGE
CHATTANOOGA/HAMILTON TN
ERIE PA
PHIL/DEPTFORD NJ
SPOKANE/VALLEY WA
ROCKFORD IL
ROCHESTER MN
SPRINGFIELD/WHITE OAKS IL
DES MOINES/VALLEY W IA
ORLANDO/WATERFORD LAKES FL
CAMARILLO CA
KERRVILLE TX
FAIRVIEW HEIGHTS IL
WICHITA/BRADLEY FAIR KS
FINDLAY OH
MUSKEGON MI
FRISCO TX
S CHARLESTON WV
EUGENE OR
ROSEVILLE CA
SACRAMENTO/FOLSOM CA

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 58 of 65
Address
3800 MALL VIEW RD SUITE 300
7777 MENTOR AVE UNIT 1
2716 SANTA ROSA AVE
125A SOUTH BROADWAY
102 WEST 10600 SOUTH ST
140 NORTH MILWAUKEE
4949 4TH ST N
7739 WEST BELL RD
730 SUNLAND PARK DR MESA HILLS @ SUNLAND PARK DR
2045 WEST NEW HAVEN AVE
4100 NORTH COLLEGE AVE
5317 SOUTH PADRE ISLAND DR MOORE PLAZA
3616 HWY 157
4621 SOUTH MERIDIAN SUITE A‐915
4643 EVERHARD RD
2777 MIAMISBURG‐CENTERVILLE RD
4061 MERIDIAN ST
3064 PLAINFIELD RD
502 D EAST MARKET ST
3660 CONCORD PIKE
210 EAST SUNRISE HWY MEADOWBROOK COMMONS
20655 LYONS RD
4100 RTE 31
1583 PROVIDENCE HWY
760 U S 27 N
2608 SCOTTSVILLE RD
3950 SOUTH CLACK ST
7320 SOUTH LINDBERGH BLVD
11745 IH 10 W #410 BLDG 4
4224 COLDWATER RD
8415 SW 24TH ST
621 BAY AVE
150 MALL RD
4140 PORTSMOUTH BLVD
801 HORSHAM RD P O BOX 428
3701 MCKINLEY PKWY BOX 1070 MCKINLEY MALL
5062 AIRPORT PULLING RD N
1971 OLD FORT PKWY
26415 YNEZ RD
2601 MCCAIN BLVD
1055 SHAW AVE
2483 NW 185TH AVE
843 FREEPORT RD
2111 WEST BRANDON BLVD
2 NORTHWEST BLVD
51405 GRATIOT AVE
4330 13TH AVE SW
1501 COUNTY RD 42 W
1070 RTE 132 FESTIVAL AT HYANNIS
5530 JOHNSTON ST
9820 RIDGELAND
2130 HAMILTON PLACE BLVD
5666 PEACH ST
1500 N. ALMONESSON RD. STE. 5
14748 EAST INDIANA
6325 EAST STATE ST
1201 SOUTH BROADWAY #16
2691 VETERANS PKWY
8801 UNIVERSITY AVE BLDG F
525 N ALAFAYA TRL WATERFORD LAKES TOWN CENTER
135 W VENTURA BLVD SUITE B
1304 JUNCTION HWY #100
6101 N ILLINOIS ST
1800 N ROCK ROAD SUITE 100
1949 TIFFIN AVE SUITE 4
5325 HARVEY ST
3321 PRESTON RD
36 RHL BLVD
298 COBURG RD
1101 GALLERIA BLVD
2775 E BIDWELL ST SUITE 100

Page 4 of 8

City 
BAKERSFIELD
MENTOR
SANTA ROSA
SALEM
SANDY
BOISE
SAINT PETERSBURG
PEORIA
EL PASO
WEST MELBOURNE
FAYETTEVILLE
CORPUS CHRISTI
LA CROSSE
PUYALLUP
CANTON
DAYTON
BELLINGHAM
JOLIET
LEESBURG
WILMINGTON
FREEPORT
BOCA RATON
CLAY
NORWOOD
SEBRING
BOWLING GREEN
ABILENE
SAINT LOUIS
SAN ANTONIO
FORT WAYNE
MIAMI
TOMS RIVER
BARBOURSVILLE
CHESAPEAKE
MONTGOMERYVILLE
BLASDELL
NAPLES
MURFREESBORO
TEMECULA
NORTH LITTLE ROCK
CLOVIS
HILLSBORO
PITTSBURGH
BRANDON
NASHUA
CHESTERFIELD
FARGO
BURNSVILLE
HYANNIS
LAFAYETTE
CHICAGO RIDGE
CHATTANOOGA
ERIE
DEPTFORD
SPOKANE
ROCKFORD
ROCHESTER
SPRINGFIELD
CLIVE
ORLANDO
CAMARILLO
KERRVILLE
FAIRVIEW HEIGHTS
WICHITA
FINDLAY
MUSKEGON
FRISCO
SOUTH CHARLESTON
EUGENE
ROSEVILLE
FOLSOM

Desc Main

State
CA
OH
CA
NH
UT
ID
FL
AZ
TX
FL
AR
TX
WI
WA
OH
OH
WA
IL
VA
DE
NY
FL
NY
MA
FL
KY
TX
MO
TX
IN
FL
NJ
WV
VA
PA
NY
FL
TN
CA
AR
CA
OR
PA
FL
NH
MI
ND
MN
MA
LA
IL
TN
PA
NJ
WA
IL
MN
IL
IA
FL
CA
TX
IL
KS
OH
MI
TX
WV
OR
CA
CA

Zip
93306
44060
95407
3079
84070
83704
33703
85382
79912
32904
72703
78411
54601
98373
44718
45459
98226
60435
20176
19803
11520
33434
13041
2062
33870
42104
79606
63125
78230
46805
33155
8753
25504
23321
18936
14219
34105
37129
92591
72116
93612
97124
15238
33511
3063
48051
58103
55306
2601
70503
60415
37421
16509
8096
99216
61108
55904
62704
50325
32828
93010
78028
62208
67206
45840
49444
75034
25309
97401
95678
95630

 Case 20-30805-KRH

Store #
1028
1030
1031
1033
1035
1036
1037
1038
1042
1045
1047
1048
1053
1062
1067
1071
1072
1074
1080
1082
1083
1084
1088
1092
1093
1096
1098
1101
1104
1106
1107
1109
1110
1112
1114
1116
1117
1123
1124
1126
1128
1129
1130
1132
1134
1135
1136
1139
1140
1142
1144
1145
1150
1153
1155
1156
1158
1159
1160
1161
1163
1165
1166
1167
1170
1173
1174
1176
1177
1179
1181

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 59 of 65

Store Name
HOLMDEL NJ
MOREHEAD CITY NC
BUFFALO/TRANSIT NY
RICHMOND/VIRGINIA COMMONS VA
MIAMI/KENDALL FL
LOUISVILLE/SUMMIT KY
KENT/COVINGTON WA
WAUSAU WI
NAPLES/GRANADA FL
ROCHESTER/WEBSTER NY
PASO ROBLES CA
EXTON PA
DALLAS/GALLERIA TX
GREENWOOD IN
LI/ROCKY POINT NY
LAS VEGAS/SILVERADO RANCH NV
TUCSON/ORO VALLEY AZ
LA/CHINO HILLS CA
SAN ANTONIO/FORUM
DALLAS/CEDAR HILL TX
OSAGE BEACH MO
TAMPA/WESTSHORE FL
ROGERS AR
BRIELLE NJ
WELLINGTON FL
REHOBOTH BEACH DE
CHICAGO/DEER PARK IL
PETOSKEY MI
PHOENIX/SURPRISE AZ
ST GEORGE UT
LYNCHBURG VA
CLARKSBURG WV
CHARLOTTE/MATTHEWS NC
SHREWSBURY MA
RICHMOND/HULL STREET VA
DENVER/UNIVERSITY HILLS CO
INDY/COLLEGE PARK IN
MILFORD CT
LA/VENTURA CA
LAKE CHARLES LA
HICKORY NC
TUKWILA WA
GLASTONBURY CT
VACAVILLE CA
DAPHNE AL
PHOENIX/FOUNTAIN HILLS AZ
NEWBURGH NY
HAMILTON TOWNSHIP NJ
ASHEVILLE/TUNNEL ROAD NC
LANSING/EASTWOOD TOWN CENTER MI
EASTON MD
RICHMOND/MIDLOTHIAN VA
GIG HARBOR WA
TURLOCK CA
CHICAGO/MCHENRY IL
WARNER ROBINS GA
PRESCOTT AZ
SALEM OR
GRAND RAPIDS/GRANDVILLE MI
WILMINGTON/MAYFAIRE NC
SANTEE CA
CHARLOTTE/LAKE NORMAN NC
JACKSON/DOGWOOD MS
BAKERSFIELD/NORTHWEST CA
ANKENY IA
CAPITOLA CA
DANA POINT CA
KELSO WA
WENATCHEE WA
REDDING CA
HOUSTON/KATY TX

Address
2130 STATE ROUTE 35
5218 A HWY 70 W
8420 TRANSIT RD
9840 BROOK RD
8615 SW 124TH AVE
4330 SUMMIT PLAZA DR
16901 SE 272ND ST. STE. 45
3500 RIB MOUNTAIN DR
1000 IMMOKALEE RD #90
1855 EMPIRE BLVD
2169 THEATER DR
287 MAIN ST
13710 DALLAS PKWY SUITE A
6810 S EMERSON AVE SUITE A
291 ROUTE 25A
9887 SOUTH EASTERN AVE
10571 N. ORACLE RD SUITE 102
3881 GRAND AVE
8344 AGORA PARKWAY SUITE 100
304 N HIGHWAY 67
3975 JR PREWITT PARKWAY
128 SOUTH WESTSHORE BLVD
475 N 46TH ST
2410 HIGHWAY 35
10510 W FOREST HILL BLVD
18742 COASTAL HWY
20530 N RAND RD SUITE 136
1309 SPRING STREET SUITE 130
13710 W BELL ROAD
329 SOUTH RIVER ROAD
4024‐B WARDS ROAD
499 EMILY DRIVE
2315 MATTHEWS TOWNSHIP PARKWAY
571 BOSTON TURNPIKE SUITE B
4572 COMMONWEALTH CENTER PKWY
2780 S COLORADO BLVD SUITE 306‐A
2902 WEST 86TH STREET SUITE 100
98 TURNPIKE SQUARE
4900 TELEPHONE ROAD
302 W PRIEN LAKE ROAD
1844 CATAWBA VALLEY BLVD SE
17388 SOUTHCENTER PARKWAY
2838 MAIN STREET
2070 HARBISON DRIVE
6850 HIGHWAY 90 SUITE A‐8
16815 EAST SHEA BLVD SUITE 125
1255 ROUTE 300
150 MARKETPLACE BLVD
100 RIVER HILLS RD
2917 PREYDE BLVD
219 MARLBORO AVE
11401 MIDLOTHIAN TURNPIKE
5160 BORGEN BLVD
2901 COUNTRYSIDE DRIVE
2328 N RICHMOND RD
2622 WATSON BLVD SUITE A
3250 GATEWAY BLVD SUITE 440
803 LANCASTER DR NE
4950 WILSON AVE SW SUITE 30
6885 MAIN STREET
9820 MISSION GORGE ROAD
8805 TOWNLEY ROAD
279 DOGWOOD BLVD
9030 ROSEDALE HWY
1965 SE DELAWARE AVE
3825 CLARES STREET
32411 GOLDEN LANTERN SUITE J‐P
421 THREE RIVERS DRIVE
1304 NORTH MILLER STREET
1120 HILLTOP DRIVE
1172 FRY ROAD

Page 5 of 8

City 
HOLMDEL
MOREHEAD CITY
WILLIAMSVILLE
GLEN ALLEN
MIAMI
LOUISVILLE
COVINGTON
WAUSAU
NAPLES
WEBSTER
PASO ROBLES
EXTON
DALLAS
INDIANAPOLIS
ROCKY POINT
LAS VEGAS
ORO VALLEY
CHINO
SELMA
CEDAR HILL
OSAGE BEACH
TAMPA
ROGERS
MANASQUAN
WELLINGTON
REHOBOTH BEACH
DEER PARK
PETOSKEY
SURPRISE
SAINT GEORGE
LYNCHBURG
CLARKSBURG
MATTHEWS
SHREWSBURY
MIDLOTHIAN
DENVER
INDIANAPOLIS
MILFORD
VENTURA
LAKE CHARLES
HICKORY
TUKWILA
GLASTONBURY
VACAVILLE
DAPHNE
FOUNTAIN HILLS
NEWBURGH
HAMILTON
ASHEVILLE
LANSING
EASTON
RICHMOND
GIG HARBOR
TURLOCK
MCHENRY
WARNER ROBINS
PRESCOTT
SALEM
WYOMING
WILMINGTON
SANTEE
HUNTERSVILLE
FLOWOOD
BAKERSFIELD
ANKENY
CAPITOLA
LAGUNA NIGUEL
KELSO
WENATCHEE
REDDING
HOUSTON

Desc Main

State
NJ
NC
NY
VA
FL
KY
WA
WI
FL
NY
CA
PA
TX
IN
NY
NV
AZ
CA
TX
TX
MO
FL
AR
NJ
FL
DE
IL
MI
AZ
UT
VA
WV
NC
MA
VA
CO
IN
CT
CA
LA
NC
WA
CT
CA
AL
AZ
NY
NJ
NC
MI
MD
VA
WA
CA
IL
GA
AZ
OR
MI
NC
CA
NC
MS
CA
IA
CA
CA
WA
WA
CA
TX

Zip
7733
28557
14221
23059
33183
40241
98042
54401
34110
14580
93446
19341
75240
46237
11778
89123
85737
91710
78154
75104
65065
33609
72756
8736
33414
19971
60010
49770
85374
84790
24502
26301
28105
1545
23112
80222
46268
6460
93003
70601
28602
98188
6033
95687
36526
85268
12550
8691
28805
48912
21601
23235
98332
95380
60050
31093
86303
97301
49418
28405
92071
28078
39232
93312
50021
95010
92677
98626
98801
96003
77084

 Case 20-30805-KRH

Store #
1185
1187
1193
1195
1199
1202
1205
1207
1209
1212
1213
1215
1219
1220
1224
1225
1226
1228
1234
1238
1239
1241
1243
1244
1245
1247
1253
1254
1256
1258
1259
1264
1266
1267
1270
1273
1274
1276
1277
1281
1293
1295
1298
1300
1304
1305
1307
1309
1310
1312
1314
1319
1321
1322
1332
1335
1336
1341
1353
1358
1361
1365
1371
1373
1374
1379
1387
1389
1390
1399
1401

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 60 of 65

Store Name
COLUMBUS GA
MANAHAWKIN NJ
CHARLOTTE/PROMENADE NC
MODESTO CA
GREENVILLE NC
SD/MISSION VALLEY CA
YOUNGSTOWN OH
ATLANTA CUMMING GA
PHOENIX/DESERT RIDGE AZ
LAS VEGAS/HENDERSON NV
HUNTSVILLE/JONES VALLEY AL
ATLANTA/MCDONOUGH GA
GREENSBORO NC/FRIENDLY CENTER NC
RIVERDALE UT
SARATOGA SPRINGS NY
ST AUGUSTINE FL
OKLAHOMA CITY/EDMOND OK
CLEVELAND/AVON OH
PENSACOLA FL
INDY/NOBLESVILLE IN
FT LAUDERDALE/SAWGRASS FL
KNOXVILLE/TURKEY CREEK TN
PHOENIX/GOODYEAR AZ
FLOWER MOUND TX
STOCKTON CA
MOORESVILLE NC
LAS VEGAS/SUMMERLIN NV
SOUTH BEND/MISHAWAKA IN
MIAMI/INTERNATIONAL MALL FL
COLUMBUS/POLARIS OH
FENTON MI
ORLANDO/MILLENIA FL
WINTER HAVEN FL
PALM DESERT CA
RALEIGH/GARNER NC
CINCINNATI/TYLERSVILLE OH
LI/MASSAPEQUA NY
JERSEY CITY NJ
VIERA FL
COEUR D'ALENE ID
HAMPTON/GREENBRIER VA
SPARTANBURG SC
FAIRFIELD CT
FW/WATAUGA TX
BRENTWOOD CA
CLEARWATER/CLEARWATER MALL FL
DETROIT/NORTHVILLE MI
PHOENIX/SCOTTSDALE PROMENADE AZ
AUGUSTA GA
GILROY CA
EVANSVILLE IN
CHARLESTON/SUMMERVILLE SC
HOUSTON/CONROE TX
CARSON CITY NV
POUGHKEEPSIE NY
BETHLEHEM PA
ST LOUIS/CHESTERFIELD MO
GLENDALE CA
JACKSONVILLE/PONTE VEDRA FL
BOSTON/DANVERS MA
NEW PORT RICHEY/MITCHELL RANCH FL
WACO TX
MANTECA CA
PHOENIX/GILBERT GATEWAY TOWN CENTER AZ
PHOENIX/CROSSROADS AZ
ST PETERSBURG/TYRONE FL
DENVER/GOLDEN CO
RALEIGH/CAPITAL BLVD NORTH NC
CATONSVILLE MD
REDLANDS CA
WALDORF MD

Address
5555 WHITTLESEY BLVD SUITE 1600
601 WASHINGTON AVE SUITE I
5335 BALLANTYNE COMMONS PKWY SUITE F
3801 PELANDALE AVE #F‐1
714 SE GREENVILLE BLVD SUITE 55
5171 MISSION CENTER ROAD SUITE B‐3
550 BOARDMAN POLAND ROAD
1505 MARKET PLACE BLVD
21001 N TATUM BLVD SUITE 52
535 N STEPHANIE ST
2750 CARL T JONES DRIVE SUITE 900
1784 JONESBORO RD
3116 NORTHLINE AVE
1087 W RIVERDALE ROAD
3078 STATE ROUTE 50
330 CBL DRIVE
1350 E 2ND STREET
35948 DETROIT ROAD
4970 BAYOU BLVD
17070 MERCANTILE BLVD
12160 WEST SUNRISE BLVD
11130 PARKSIDE DR
1442 N LITCHFIELD ROAD
6101 LONG PRAIRIE ROAD SUITE 450
760 W HAMMER LANE
598 RIVER HIGHWAY SUITE E
8945 W CHARLESTON BLVD
405 UNIVERSITY DRIVE E
10600 NW 19TH STREET
1320 POLARIS PARKWAY
15250 SILVER PARKWAY
4600 MILLENIA PLAZA WAY
440 CITI CENTRE STREET
72359 HIGHWAY 111
230 SHENSTONE BLVD
7676 VOICE OF AMERICA DRIVE
5220 SUNRISE HIGHWAY
125 18TH STREET
7201 SHOPPES DRIVE SUITE 117
410 W WILBUR AVE
1232 GREENBRIER PARKWAY
120 DORMAN CENTRE DRIVE SUITE 120‐B
2264 BLACK ROCK TURNPIKE
7608 DENTON HWY SUITE 316
5739 LONE TREE WAY
2713 GULF TO BAY BLVD
17955 HAGGERTY ROAD
16219 N SCOTTSDALE ROAD
267 ROBERT C DANIEL JR PKWY
6835 CAMINO ARROYO
6501 E LLOYD EXPRESSWAY SUITE 19
424 AZALEA SQUARE BLVD
505 I‐45 NORTH
971 TOPSY LANE SUITE 334
2519 SOUTH ROAD SUITE A
4443 SOUTHMONT WAY
22 THF BLVD
545 N GLENDALE AVENUE
950 MARSH LANDING PARKWAY
50 INDEPENDENCE WAY UNIT 1
3006 LITTLE ROAD
2504 WEST LOOP 340
285 COMMERCE AVENUE
4946 SOUTH POWER ROAD
3763 SOUTH GILBERT ROAD
2030 TYRONE BLVD
14105 WEST COLFAX DRIVE
5900 POYNER ANCHOR LANE SUITE 101
6600 BALTIMORE NATIONAL PIKE
27532 W LUGONIA AVE
3237 PLAZA WAY

Page 6 of 8

City 
COLUMBUS
MANAHAWKIN
CHARLOTTE
MODESTO
GREENVILLE
SAN DIEGO
YOUNGSTOWN
CUMMING
PHOENIX
HENDERSON
HUNTSVILLE
MCDONOUGH
GREENSBORO
RIVERDALE
SARATOGA SPRINGS
ST AUGUSTINE
EDMOND
AVON
PENSACOLA
NOBLESVILLE
PLANTATION
KNOXVILLE
GOODYEAR
FLOWER MOUND
STOCKTON
MOORESVILLE
LAS VEGAS
GRANGER
MIAMI
COLUMBUS
FENTON
ORLANDO
WINTER HAVEN
PALM DESERT
GARNER
WEST CHESTER
MASSAPEQUA PARK
JERSEY CITY
MELBOURNE
COEUR D'ALENE
CHESAPEAKE
SPARTANBURG
FAIRFIELD
WATAUGA
ANTIOCH
CLEARWATER
NORTHVILLE
SCOTTSDALE
AUGUSTA
GILROY
EVANSVILLE
SUMMERVILLE
CONROE
CARSON CITY
POUGHKEEPSIE
EASTON
CHESTERFIELD
GLENDALE
JACKSONVILLE BEACH
DANVERS
TRINITY
WACO
MANTECA
MESA
GILBERT
ST PETERSBURG
LAKEWOOD
RALEIGH
CATONSVILLE
REDLANDS
WALDORF

Desc Main

State
GA
NJ
NC
CA
NC
CA
OH
GA
AZ
NV
AL
GA
NC
UT
NY
FL
OK
OH
FL
IN
FL
TN
AZ
TX
CA
NC
NV
IN
FL
OH
MI
FL
FL
CA
NC
OH
NY
NJ
FL
ID
VA
SC
CT
TX
CA
FL
MI
AZ
GA
CA
IN
SC
TX
NV
NY
PA
MO
CA
FL
MA
FL
TX
CA
AZ
AZ
FL
CO
NC
MD
CA
MD

Zip
31909
8050
28277
95356
27858
92108
44512
30041
85050
89014
35802
30253
27408
84405
12866
32086
73034
44011
32503
46060
33323
37934
85395
75028
95210
28117
89117
46530
33172
43240
48430
32839
33880
92260
27529
45069
11762
7310
32940
83815
23320
29301
6825
76148
94531
33759
48168
85254
30909
95020
47715
29483
77304
89705
12601
18045
63005
91206
32250
1923
34655
76711
95336
85212
85296
33710
80401
27616
21228
92374
20603

 Case 20-30805-KRH

Store #
1402
1405
1408
1411
1412
1413
1422
1426
1427
1428
1433
1435
1436
1438
1445
1447
1448
1451
1452
1453
1454
1465
1466
1468
1470
1472
1474
1476
1477
1481
1484
1485
1490
1501
1503
1507
1508
1510
1511
1513
1514
1518
1521
1522
1523
1527
1531
1533
1535
1540
1541
1550
1554
1555
1557
1559
1560
1561
1562
1566
1568
1571
1573
1575
1576
1577
1580
1583
1586
1587
1588

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 61 of 65

Store Name
BEND OR
ATLANTA/NORTH POINT GA
DETROIT/ROCHESTER HILLS MI
HILTON HEAD/BLUFFTON SC
APPLETON WI
MCKINNEY TX
HARRISBURG/CAMP HILL PA
COLUMBIA/WOODHILL SC
GAINESVILLE VA
WILSONVILLE OR
DETROIT/CANTON MI
AUSTIN/BEE CAVE TX
MEMPHIS/COLLIERVILLE TN
HOUSTON/KEMAH TX
CEDAR RAPIDS/LINDALE MALL IA
EL PASO TX
RANCHO CUCAMONGA CA
HOUSTON/BAYBROOK TX
ORLANDO/HUNTERS CREEK FL
JACKSONVILLE/ST JOHNS FL
VENICE FL
ROCKAWAY NJ
BEAUMONT TX
LOVELAND CO
INDIANAPOLIS/NORTH CARMEL IN
EAST BELLEVUE WA
CORONA CA
YUBA CITY CA
MEMPHIS/SOUTHAVEN MS
YAKIMA WA
ATLANTA/SANDY SPRINGS GA
NEWTOWN PA
SAN DIEGO/OTAY CA
LADY LAKE/THE VILLAGES FL
HOUSTON/HEDWIG TX
SOMERS POINT NJ
CLIFTON NJ
FT MYERS/SUMMERLIN FL
SHREVEPORT LA
KALAMAZOO/MAPLE HILL MI
SEATTLE/MILL CREEK WA
RIVERDALE NJ
HOUSTON/290 & SPRING CYPRESS TX
DENVER/LARKRIDGE CO
ASHEVILLE/AIRPORT NC
DURANGO CO
LODI CA
GARLAND TX
PALM BEACH/PGA BLVD FL
CHIC/ORLAND PARK IL
DOWNEY CA
FT. WORTH/7TH ST. TX
CONCORD CA
LEWISTON ID
MEDINA OH
VANCOUVER WA
LAKE FOREST CA
BONITA SPRINGS FL
SOUTHLAKE TX
ST LUCIE WEST FL
RENO NV
BURLINGTON NC
WICHITA/NEW MARKET SQUARE KS
CONCORD NC
VICTORIA TX
BRIGHTON/GREEN OAK VILLAGE MI
ALLEN TX
PITTSBURGH/SOUTH HILLS PA
SARASOTA BRADENTON/UNIVERSITY CENTER FL
BROWNSVILLE TX
STATE COLLEGE PA

Address
2620 NE HWY 20 SUITE 200
6551 NORTH POINT PARKWAY
1336 SOUTH ROCHESTER ROAD
32 MALPHRUS ROAD SUITE 117
4717 MICHAELS DRIVE
2821 CRAIG DRIVE SUITE 100
94 SOUTH 32ND STREET
6090 GARNERS FERRY ROAD SUITE D
13261 GATEWAY CENTER DRIVE
8315 SW JACK BURNS BLVD SUITE A
41872 FORD ROAD
12700 SHOPS PARKWAY SUITE 400
3605 HOUSTON LEVEE ROAD SUITE 101
243 MARINA BAY DR. STES A B C
1406 TWIXT TOWN ROAD
1327 GEORGE DIETER DRIVE SUITE D
10950 FOOTHILL BLVD. STE 100
1255 W BAY AREA BOULEVARD SUITE A
3210 NORTH JOHN YOUNG PARKWAY BUILDING B9
4643 RIVER CITY DRIVE SUITE 101
4210 TAMIAMI TRAIL SOUTH
395 MOUNT HOPE AVENUE
4029 DOWLEN ROAD
1695 ROCKY MOUNTAIN AVENUE
14311 CLAY TERRACE BLVD SUITE 160
15600 NE 8TH STREET SUITE F‐21
3520 GRAND OAKS
1064 HARTER ROAD
6420 TOWN CENTER LOOP
2507 MAIN STREET
6285 ROSWELL ROAD
2807 SOUTH EAGLE ROAD
1830 MAIN COURT
610 NORTH US HIGHWAY 441
9421 KATY FREEWAY
57 BETHEL ROAD
364 ROUTE 3 WEST
17901 SUMMERLIN ROAD
7051 YOUREE DRIVE
5130 WEST MAIN STREET
15324 MAIN STREET
56 STATE ROUTE 23 NORTH
25837 HIGHWAY 290
16535 WASHINGTON STREET
4 MCKENNA ROAD
800 SOUTH CAMINO DEL RIO
1379 S. LOWER SACRAMENTO RD SUITE 503
425 TOWN CENTER BOULEVARD
11275 LEGACY AVENUE
15150 SOUTH LA GRANGE RD
12080 LAKEWOOD BLVD.
433 CARROLL STREET
1975 DIAMOND BOULEVARD SUITE F10
2628 NEZ PERCE DRIVE
4959 GRANDE SHOPS AVENUE
16525 SOUTH EAST MILL PLAIN BOULEVARD
23620 EL TORO ROAD
8052 MEDITERRANEAN DRIVE #31
1275 EAST SOUTHLAKE BLVD SUITE 401
10888 SW VILLAGE PKWY
6137 S VIRGINIA ST
1389 BOONE STATION DRIVE
2441 N MAIZE ROAD SUITE 1701
8080 CONCORD MILLS RD.
7903 N. NAVARRO ST.
9524 VILLAGE PLACE BLVD.
170 E STACY RD SUITE 2314 BLDG. 2300
1775 N HIGHLAND ROAD
8485 COOPER CREEK BLVD.
2770 PABLO KISEL BLVD
221 PATRIOT LANE

Page 7 of 8

City 
BEND
ALPHARETTA
ROCHESTER HILLS
BLUFFTON
APPLETON
MCKINNEY
CAMP HILL
COLUMBIA
GAINESVILLE
WILSONVILLE
CANTON
BEE CAVE
COLLIERVILLE
KEMAH
MARION
EL PASO
RANCHO CUCAMONGA
WEBSTER
KISSIMMEE
JACKSONVILLE
VENICE
ROCKAWAY
BEAUMONT
LOVELAND
CARMEL
BELLEVUE
CORONA
YUBA CITY
SOUTHAVEN
UNION GAP
ATLANTA
NEWTOWN
CHULA VISTA
LADY LAKE
HOUSTON
SOMERS POINT
CLIFTON
FORT MYERS
SHREVEPORT
KALAMAZOO
MILL CREEK
RIVERDALE
CYPRESS
THORNTON
ARDEN
DURANGO
LODI
GARLAND
PALM BEACH GARDENS
ORLAND PARK
DOWNEY
FORT WORTH
CONCORD
LEWISTON
MEDINA
VANCOUVER
LAKE FOREST
ESTERO
SOUTHLAKE
PORT ST. LUCIE
RENO
BURLINGTON
WICHITA
CONCORD
VICTORIA
BRIGHTON
ALLEN
UPPER ST CLAIR
UNIVERSITY PARK
BROWNSVILLE
STATE COLLEGE

Desc Main

State
OR
GA
MI
SC
WI
TX
PA
SC
VA
OR
MI
TX
TN
TX
IA
TX
CA
TX
FL
FL
FL
NJ
TX
CO
IN
WA
CA
CA
MS
WA
GA
PA
CA
FL
TX
NJ
NJ
FL
LA
MI
WA
NJ
TX
CO
NC
CO
CA
TX
FL
IL
CA
TX
CA
ID
OH
WA
CA
FL
TX
FL
NV
NC
KS
NC
TX
MI
TX
PA
FL
TX
PA

Zip
97701
30022
48307
29910
54913
75070
17011
29209
20155
97070
48187
78738
38017
77565
52302
79936
91730
77598
34741
32246
34293
7866
77706
80538
46032
98008
92881
95993
38671
98903
30328
18940
91911
32159
77024
8244
7014
33908
71105
49009
98012
7457
77429
80023
28704
81301
95242
75040
33410
60462
90242
76107
94520
83501
44256
98684
92630
33928
76092
34987
89502
27215
67205
28027
77904
48116
75002
15241
34201
78526
16803

 Case 20-30805-KRH

Store #
1589
1594
1596
1602
1603
1607
1621
1622
1623
1625
1627
1628
1630
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1633
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1689
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1692
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1694

Doc 671 Filed 05/19/20 Entered 05/19/20 01:20:52
Document
Page 62 of 65

Store Name
SPRING HILL FL/NATURE COAST COMMONS
THE SHOPS OF BELLA TERRA TX
YONKERS NY
OAK LEAF TOWN CENTER/ORANGE PARK FL
NEW HILL PLACE/HOLLY SPRINGS NC
HESPERIA CA
ANN ARBOR/CRANBROOK VILLAGE MI
PIER PARK NORTH/PANAMA CITY BEACH FL
PROVIDENCE WEST/MT JULIET TN
EPPS BRIDGE CENTER/ATHENS GA
WASH DC/FREDERICK MD
ARDEN WAY/POINT WEST PLAZA CA
OAK BROOK IL
VERNON HILLS IL
DAVENPORT IA
HUNTINGTON BEACH CA
ALTAMONTE SPRINGS FL
PORTLAND ME
ANNAPOLIS MD
SCHERERVILLE IN
WEST PALM BEACH FL
BALTIMORE/HUNT VALLEY MD
WHEATON IL
OSWEGO IL
WILLIAMSBURG/SETTLERS MARKET
NASHUA NH
TAMPA/HIGHWOODS PRESERVE FL
CHARLOTTE/RIVERGATE II NC
BRISTOL/THE PINNACLE TN
TINLEY PARK IL
KENNESAW/COBB GA
MAGNOLIA PARK/GREENVILLE SC
GRAFTON WI
BOISE/MERIDIAN ID
TOLEDO/AIRPORT HWY OH
HOUSTON/THE WOODLANDS TX
SARASOTA/SIESTA ROW FL
NEW BRAUNFELS TX
DELRAY BEACH/DELRAY PLACE FL
TREXLERTOWN PA
LUBBOCK TX
VALENCIA CA
BEAVERTON/TIGARD
MCALLEN TX
BIRMINGHAM/RIVER RIDGE
BELLINGHAM MA
MOUNT LAUREL NJ

Address
1321 WENDY COURT
5460 WEST GRAND PARKWAY SOUTH
2468 CENTRAL PARK AVE
9625 CROSSHILL BLVD. SUITE 105
152 GRAND HILL PLACE
12783 MAIN STREET
926 W. EISENHOWER PKWY
15500 PANAMA CITY BEACH PKWY #820
600 S MT. JULIET ROAD SUITE #104
1791 OCONEE CONNECTOR STE 160
2470 OSPREY WAY
1874 ARDEN WAY
2155 WEST 22ND ST
701 N MILWAUKEE AVE STE 302
4235 ELMORE AVE
18557 MAIN ST
303 E. ALTAMONTE DR. STE. 1000
368 MAINE MALL RD
2101 SOMERVILLE RD STE 110
141 US HIGHWAY 41
1855 PALM BEACH LAKES BLVD SUITE B05
118 SHAWAN RD SUITE Y
110 DANADA SQ.W.
2520 US HIGHWAY 34
4625 CASEY BLVD #100
266 DANIEL WEBSTER HWY
18047 HIGHWOODS PRESERVE PKWY
13540 HOOVER CREEK BLVD. # 200
446 PINNACLE PKWY
7320 191ST STREET SUITE 39
815 ERNEST W BARRETT PKWY NW #150
1025 WOODRUFF RD F105
984 PORT WASHINGTON ROAD
2170 N EAGLE RD
1440 SPRING MEADOWS DR
2025 HUGHES LANDING BLVD SUITE 100
3800 S TAMIAMI TRAIL SUITE 24
233 CREEKSIDE CROSSING
1851 S. FEDERAL HWY UNIT 504
833 N KROCKS RD SUITE 104
5015 MILWAUKEE AVE SUITE 100
24355 MAGIC MOUNTAIN PKWY
10154 SW WASHINGTON SQUARE RD
406 E EXPRESSWAY 83
4606 US HWY 280 SUITE 114
249 HARTFORD AVE B
1100 NIXON DR

Page 8 of 8

City 
SPRING HILL
RICHMOND
YONKERS
JACKSONVILLE
HOLLY SPRINGS
HESPERIA
ANN ARBOR
PANAMA CITY BEACH
MT. JULIET
ATHENS
FREDERICK
SACRAMENTO
OAK BROOK
VERNON HILLS
DAVENPORT
HUNTINGTON BEACH
ALTAMONTE SPRINGS
SOUTH PORTLAND
ANNAPOLIS
SCHERERVILLE
WEST PALM BEACH
HUNT VALLEY
WHEATON
OSWEGO
WILLIAMSBURG
NASHUA
TAMPA
CHARLOTTE
BRISTOL
TINLEY PARK
KENNESAW
GREENVILLE
GRAFTON
MERIDIAN
HOLLAND
THE WOODLANDS
SARASOTA
NEW BRAUNFELS
DELRAY BEACH
ALLENTOWN
LUBBOCK
VALENCIA
TIGARD
MCALLEN
BIRMINGHAM
BELLINGHAM
MOUNT LAUREL

Desc Main

State
FL
TX
NY
FL
NC
CA
MI
FL
TN
GA
MD
CA
IL
IL
IA
CA
FL
ME
MD
IN
FL
MD
IL
IL
VA
NH
FL
NC
TN
IL
GA
SC
WI
ID
OH
TX
FL
TX
FL
PA
TX
CA
OR
TX
AL
MA
NJ

Zip
34607
77406
10710
32222
27540
92345
48103
32413
37122
30606
21701
95815
60523
60061
52807
92648
32701
4106
21401
46375
33401
21030
60189
60543
23188
3060
33647
28273
37620
60487
30144
29607
53024
83642
43528
77380
34239
78130
33483
18106
79407
91355
97223
78503
35242
2019
8054

 Case 20-30805-KRH

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Document
Page 63 of 65

Exhibit 4
Wind-Down Budget
[To come]

Desc Main

 Case 20-30805-KRH

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Document
Page 64 of 65

Exhibit 5
Authorized Approver List

Desc Main

 Case 20-30805-KRH

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Document
Page 65 of 65

Authorized Approvers of Wind-Down Budget Payments
Name

Affiliation

E-mail Address

Holly Etlin

Consultant

hetlin@alixpartners.com

Brad Hunter

Consultant

bhunter@alixpartners.com

Job Chan

Consultant

jchan@alixpartners.com

Desc Main