2020-08-28_GENERAL DOCUMENTS - C1980004 ‎(6)‎

• Permit No: C1980004
• IBM Index Class Name: General Documents
• Doc Date: 8/28/2020
• Doc Name Note: Case No. 20-12043 ‎(GRH)‎ Hopedale Mining LLC
• Doc Name: Objection of Wintrust Commercial Finance to Sale Motion
• From: DRMS Website
• To: DRMS
• Permit Index Doc Type: General Correspondence
• Email Name: JRS
• Email Name: JDM
• Email Name: GRM
• Email Name: CMM
• Email Name: CCW
• Media Type: D
• Archive: No

Case 1:20-bk-12043 Doc 303 Filed 08/28/20 Entered 08/28/20 11:03:45 Desc Main
Document Page 4 of 13
$569,000. (Id. at¶ 15). In addition, one unit of the equipment will require an engine rebuild and
front and rear brakes in the near term at an estimated cost of$204,000. (Id. at¶ 16).
9. On August 12, 2020, the Court entered its Order (A) Approving Bidding and Sale
Procedures with Respect to the Sale of Substantially All Assets, (B) Authorizing the Entry into a
Stalking Horse Agreement and the Provision of Stalking Horse Protections, (C) Scheduling an
Auction and Sale Hearing and Approving the Form and Manner of Notice Thereof, (D)Approving
the Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases,
and (E) Granting Related Relief[Related to Docket No. 26] (Dkt. No. 232) (the "Sale Procedures
Order").
10. Pursuant to the Sale Procedures Order, the Court (i) approved procedures for the
sale of substantially all of the Debtors' assets, (ii) authorized the Debtors to enter into that certain
Asset Purchase Agreement dated as of July 22, 2020 among Pledge Servicing Partners, LLC,
Rhino GP LLC, Rhino Resource Partners LP, and other Debtors signatory thereto (as may be
amended from time to time, the "Stalking Horse Agreement"), (iii) established procedures for
assignment and assumption of executory contracts and unexpired leases in connection with the
asset sale, and (iv) set September 1, 2020 as the deadline for parties-in-interest to object to, among
other things, the sale of the Debtors' assets free and clear of interests pursuant to section 363(f) of
the Bankruptcy Code and to the cure obligations in the Debtors' cure schedule for executory
contracts that may be assigned in connection with the sale.
11. The Debtors filed their Notice of Cure Costs on August 12, 2020, including a
Consolidated Schedule of Executory Contracts and Unexpired Leases that lists a cure cost of$0.00
for the Lease Agreement, as of July 21, 2020.
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