2021-01-14_GENERAL DOCUMENTS - C1980004

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Case 120-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 113801 Desc Exhibit 1 - Proposed Confirmation Order Page 23 of 69 Case 1:20-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 1138:01 Desc Exhibit 1 - Proposed Confirmation Order Page 24 of 69 IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF OHIO IN RE: Chapter 11 HOPEDALE MINING LLC, et I. Case No. 20-12043 (GRID Debtors. I (Jointly Administered) FIRST AMENDED JOINT PLAN OF ORDERLY LIQUIDATION OF HOPEDALE MINING LLC AND ITS AFFILIATED DEBTORS UNDER CHAPTER 11 OF THE BANKRUPTCY CODE Douglas L. Lutz A.J. Webb FROST BROWN TODD LLC 3300 Great American Tower 301 East Fourth Street Cincinnati, Ohio 45202 Telephone: (513) 651-6800 Facsimile: (513) 651-6981 Email: dlutz@fbtlaw.com awebb@fbtlaw.com Counsel to the Debtors and Debtors -in -Possession Geoffrey S. Goodman T. Kent Barber (admitted pro hac vice) (admitted pro hac vice) Matthew D. Lee BARBER LAW PLLC (admitted pro hac vice) 2200 Burros Drive FOLEY & LARDNER LLP Lexington, KY 40513 321 North Clark Street Telephone: (859) 296-4372 Suite 2800 kbarbef@barbeflawky.com Chicago, Illinois 60654 Telephone: (312) 832-4500 Facsimile: (312) 832-4700 ggoodmm@foley.com mdlee@foley.com Counsel for the Official Committee of Unsecured Creditors of Hopedale Mining LLC, et at. The Debtors in these Chapter l l cases are (with the last four digits of L,i, federal tax identification numbers in p-thew ): Rhino GP LLC (8619), Rhino Resource Parineis LP (7517), Rhino Energy LLC (6320), Rhino Trucking LLC (8773), Rhino Exploration LLC (8863), Triad Roof Support Systems LLC (1183), Springdale Land LLC (9816), McClave Canyon Mining LLC (3783), Rhino Northern Holdings LLC (1858), CAM -Ohio Real Estate LLC (1859), CAM -Colorado LLC (4269), Taylorville Mining LLC (5106), CAM Coal Trading LLC (4143), Caste Valley Mining LLC (9495), Jewell Valley Mining LLC (0270), Rhino Services LLC (3356), Rhino Oilfield Services LLC (8938), Rhino Technologies LLC (0994), CAM Mining LLC (2498), Rluno Coalfield Services LLC (3924), Hopedale Mining LLC (9060), CAM -Kentucky Real Estate LLC (9089), CAM -BB LLC (9097), Leesville Land LLC (7794), CAM Ai..ft LLC (5467), Pennyile Energy LLC (6095), Rhino Eastern LLC (1457), Rockhouse Land LLC (7702), Case 120-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 113801 Desc Exhibit 1 - Proposed Confirmation Order Page 25 of 69 Section 6.04 Preservation of Rights of Action................................................................23 Section 6.05 Closing of Debtors' Cases.........................................................................24 Section 6.06 Operations of the Debtors Between the Confirmation Date and the EffectiveDate............................................................................................24 Section 6.07 Dissolution of the Creditors' Committee...................................................24 Section 6.08 Destruction of Books and Records............................................................24 ARTICLE VII: TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES.................................................................................................................25 Section 7.01 Executory Contracts and Unexpired Leases..............................................25 Section 7.02 Claims Based on the Rejection of Executory Contracts and Unexpired Leases.......................................................................................25 ARTICLE VIII: PROVISIONS GOVERNING DISTRIBUTIONS.............................................25 Section 8.01 Calculation of Amounts to be Distributed.................................................25 Section 8.02 Delivery of Distributions and Undeliverable or Unclaimed Distributions...............................................................................................26 Section 8.03 Compliance with Tax Requirements/Allocations......................................27 Section 8.04 Claims Paid or Payable to Third Parties....................................................28 ARTICLE IX: PROCEDURES FOR RESOLVING CONTINGENT, UNLIQUIDATED, AND DISPUTED CLAIMS AND EQUITY INTERESTS...................................29 Section 9.01 Resolution ofDisputed Claims..................................................................29 Section 9.02 Distribution Reserve Account....................................................................30 Section 9.03 Distributions After Allowance...................................................................31 Section9.04 Disallowance of Claims.............................................................................31 Section 9.05 Amendments..............................................................................................31 Section9.06 No Interest..................................................................................................31 ARTICLE X: RETENTION OF JURISDICTION........................................................................32 Section 10.01 Retention of Jurisdiction............................................................................32 Section 10.02 Failure ofthe Bankruptcy Court to Exercise Jurisdiction ..........................33 ARTICLE XI: SETTLEMENT, RELEASES, INJUNCTIONS AND EXCULPATIONS........... 34 Section 11.01 Debtors Will Not Receive Discharge.........................................................34 Section 11.02 No Releases by Debtors.............................................................................34 Section 11.03 Exculpation and Limitation of Liability....................................................34 Section 11.04 Lender Release by Holders of Claims Voting in Favor of Plan ................35 Section 11.05 Lender Release by Debtors and Estates.....................................................36 Section 11.06 Injunction...................................................................................................36 Section11.07 Setoffs........................................................................................................37 Section 11.08 Term of Injunctions or Stays......................................................................38 ARTICLE XII: CONDITIONS PRECEDENT TO CONFIRMATION AND CONSUMMATION OF THE PLAN....................................................................38 Section 12.01 Conditions to Effective Date......................................................................38 Section 12.02 Notice of Occurrence of the Effective Date...............................................39 TABLE OF CONTENTS Pave ARTICLE I: DEFINED TERMS AND RULES OF INTERPRETATION....................................2 ARTICLE II: CLASSIFICATION OF CLAIMS AND EQUITY INTERESTS ........................... 12 Section 2.01 Classification.............................................................................................. 12 Section 2.02 Substantive Consolidation of Debtors for Purposes of Voting, Confirmation and Distribution................................................................... 12 ARTICLE III: TREATMENT OF CLAIMS AND EQUITY INTERESTS ................................. 13 Section3.01 General....................................................................................................... 13 Section 3.02 Unclassified Claims................................................................................... 13 Section 3.03 Impaired/Voting Classes of Claims against and Equity Interests in theDebtors................................................................................................. 14 Section 3.04 Impaired/Non-Voting Classes of Claims against and Equity Interests in the Debtors.............................................................................. 16 Section 3.05 Lender Settlement Contribution Amount ................................................... 16 ARTICLE IV: ACCEPTANCE OR REJECTION OF THE PLAN .............................................. 17 Section 4.01 Impaired Classes of Claims and Equity Interests Entitled to Vote............ 17 Section 4.02 Acceptance by an Impaired Class.............................................................. 17 Section 4.03 Presumed Acceptance by Unimpaired Class ............................................. 17 Section 4.04 Presumed Rejection by Impaired Classes .................................................. 17 Section 4.05 Confirmation Pursuant to Section 1129(b) ofthe Bankr¢ptcy Code......... 17 Section 4.06 Elimination of Vacant Classes................................................................... 17 ARTICLE V: THE LIQUIDATING TRUST................................................................................ 18 Section 5.01 Sources of Consideration for Plan Distributions ....................................... 18 Section 5.02 The Liquidating Trust................................................................................ 18 Section 5.03 Liquidating Trust Board............................................................................. 18 Section 5.04 Appointment and Termination of the Liquidating Trustee ........................ 18 Section 5.05 Treatment of Liquidating Trust for Federal Income Tax Purposes; No Successor-in-Interest............................................................................ 19 Section 5.06 Responsibilities of Liquidating Trustee.....................................................20 Section 5.07 Costs and Expenses of the Liquidating Trust............................................21 Section 5.08 Bonding of Liquidating Trustee.................................................................21 Section 5.09 Fiduciary Duties of the Liquidating Trustee..............................................21 Section 5.10 Liability, Indemnification ofthe Liquidating Trust Protected Parties.........................................................................................................21 Section 5.11 Full and Final Satisfaction Against Liquidating Trust...............................22 ARTICLE VI: MEANS FOR IMPLEMENTATION OF THE PLAN.........................................22 Section6.01 Corporate Action........................................................................................22 Section 6.02 Dissolution and Boards ofthe Debtors and Officers.................................22 Section 6.03 Effectuating Documents; Further Transactions.........................................23 Case 1:20-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 1138:01 Desc Exhibit 1 - Proposed Confirmation Order Page 26 of 69 Section 12.03 Consequences of Non -Occurrence of Effective Date................................39 Section 12.04 Substantial Consummation........................................................................39 ARTICLE XIII: MISCELLANEOUS PROVISIONS...................................................................39 Section 13.01 Liquidating Trustee Professionals..............................................................39 Section 13.02 Modifications and Amendments................................................................39 Section 13.03 Continuing Exclusivity and Solicitation Period.........................................40 Section 13.04 Severabutty of Plan Provisions..................................................................40 Section 13.05 Successors and Assigns and Binding Effect..............................................40 Section 13.06 Revocation, Withdrawal or Non-Consummation......................................40 Section13.07 Notices.......................................................................................................41 Section 13.08 Computation of Time .................................................................................41 Section 13.09 Governing Law..........................................................................................41 Section 13.10 Exhibits......................................................................................................42 Section13.11 Conflicts.....................................................................................................42 Section13.12 Exemption..................................................................................................42 Section 13.13 Substitution of the Liquidating Trust for the Debtors................................42