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cash held by the estate to which the Hennis claim is eliminated under the Plan freeing those <br />funds for distribution to unsecured creditors), but may increase to 15,000 if no <br />administrative claims are asserted. These funds will be divided in half whit half distributed <br />to Class 3a and half to be distributed to Class 3b. <br />vii. Class 3b (General Unsecured Claims Held by insiders of the Debtor). <br />Class 3b consists of general unsecured claim which are held by insiders of the Debtor. <br />Class 3b will be paid pro rata by the Chapter 1 1 Trustee once administrative expenses and <br />Class 1 is paid in full. The amount available to unsecured creditors described in the <br />treatment of Class 3a above will be divided in half and distributed pro rate to both <br />Class 3a and Class 3b. <br />viii. Class 4 (Debtor's Equity Interest). Class 4 consists of the Equity Interest of the <br />Debtor. This class will receive nothing under the Plan. Thus. all of the proceeds from the <br />liquidation of those assets will be used to pay creditors with senior priority. <br />C. Implementation of the Plan. <br />When the Plan becomes effective. all property of the Bankruptcy Estate will be <br />distributed pursuant to the priorities of the Code. in accordance with the Plan, and as <br />provided in the reorganization contained in Paragraph C. of Article I hereinabove. <br />D. Summary of Other Plan Provisions. <br />The following is a summary of certain other Plan provisions. This is only a <br />summary and is not intended to take the place of the Plan. All descriptions herein are <br />expressly subject to and qualified by the Plan. <br />1.2. Joint Venture with Pride of the West, LLC, Todd C. Hennis, San Juan <br />Corp and Salem Minerals, Inc. (collectively "San Juan"). Within fifteen (15) days of <br />the Effective Date. the Reorganized Debtor and San Juan shall enter into a joint venture <br />agreement substantially similar to that attached hereto as Exhibit A, for the purpose of <br />1) conducting the remediation required by regulatory agencies to put the Mill back into <br />compliance , 2) conducting a business feasibility study regarding putting the Mill <br />owned by Pride of the West , LLC back into operation in its current location„ and 3) <br />jointly conducting a gold milling operation if feasible. <br />I.2(a). San Juan shall waive its claim to the interest proceeds from the <br />Debtor' s Financial Warranty held by the Estate. and the Debtor shall retain all of its <br />right, title and interest to the Permit, together with all rights to the Financial Warranty <br />posted in connection therewith. However. San Juan shall retain its liens on the Permit <br />and Financial Warranty but shall be required to forebear from any and all enforcement <br />of such liens for a period of three years from the Effective Date. <br />14 <br />