Float Alaska - Chapter 11 Plan Terms

Plan Terms

Overview

• The Debtors — collectively FLOAT Alaska LLC, Corvus Alaska Holdings Inc., FLOAT Alaska Holdings LLC, FLOAT Alaska IP LLC, New Pacific Airlines, Inc. (“NPA”), FlyCoin, Inc., and FLOAT Shuttle Inc. — propose a combined Disclosure Statement and Chapter 11 Plan (the “Plan”) providing for the reorganization of Debtor NPA and the liquidation of the Debtors’ assets remaining after the sales of substantially all of their assets, with the proceeds of the remaining assets distributed to Holders of Allowed Claims.
  • The Debtors commenced their chapter 11 cases on January 26, 2026 (the “Petition Date”).
  • The Plan is a joint chapter 11 plan for each of the Debtors, with the Plan for each Debtor being non-severable and mutually dependent on the Plan for each other Debtor, except to the extent the Debtors elect to sever one or more Debtors from the Plan.
• The Plan effectuates two principal transactions:
  • A reorganization of NPA, under which the Plan Sponsor will make the Plan Sponsor Contribution in exchange for 100% of the equity of Reorganized NPA, and the Reorganization Assets will vest in Reorganized NPA free and clear of all Liens, Claims, encumbrances and interests.
  • The establishment of a Liquidating Trust on the Effective Date, into which the Debtors’ assets other than the Reorganization Assets and certain surrendered assets will vest, to be monetized and distributed to Holders of Allowed Claims.
• Through the Debtors’ post-petition sale process, Owners Jet, LLC (the “Plan Sponsor”) was designated as the successful bidder for the equity in NPA, the Debtor that holds the Reorganization Assets. Confirmation of the Plan will effectuate the transfer of the Reorganization Assets to the Plan Sponsor.
  • The Plan Sponsor is not an insider of any Debtor under section 101(31) of the Bankruptcy Code.

Prepetition Capital Structure

• NPA was party to a Secured Promissory Note dated December 27, 2024 in favor of the Prepetition Lender, Jones Holding LLC, and FLOAT was party to a Secured Promissory Note dated September 29, 2025 in favor of the Prepetition Lender, as supplemented by letter agreements dated October 31, 2025, November 19, 2025, December 12, 2025, and January 13, 2026 regarding additional discretionary loans (collectively, the “Jones Loan Documents,” and the loans thereunder, the “Jones Prepetition Loans”).
  • As of the Petition Date, the Debtors were indebted to the Prepetition Lender under the Jones Loan Documents in an aggregate principal amount of no less than $11,327,786.69.
• Debtors NPA and FLOAT Holdings, as borrowers, FLOAT, as guarantor, and NFS Capital, LLC (“NFS”), as lender, were parties to a Term Loan Agreement effective May 16, 2025 and related documents (the “NFS Credit Documents”).
  • Before the chapter 11 cases, NFS irrevocably assigned all of its rights and obligations under the NFS Credit Documents to the Prepetition Lender pursuant to an Assignment and Assuming Agreement dated January 23, 2026.
  • In connection with the assignment, the parties agreed in the NFS Side Letter Agreement that the obligations due under the NFS Credit Documents equaled $18,334,644.26 as of January 21, 2026.
• As of May 1, 2026, the Debtors estimate that unsecured claims against the Estates total between $76 million and $98 million, comprising trade claims and unsecured convertible note holders, including approximately $51 million in Jones Prepetition Unsecured Claims.

Sales of Substantially All Assets

• The Debtors filed the chapter 11 cases to sell substantially all of their assets free and clear of liabilities under section 363 of the Bankruptcy Code. As of the Petition Date, the Debtors’ assets consisted primarily of:
  • Three Boeing 757 aircraft (two aircraft with engines and one airframe);
  • Various aircraft spare parts and equipment;
  • The FAA Certificate and DOT Certificate, both issued to NPA;
  • The Domain Name (np.com); and
  • Ownership interests in Aleutian Airways LLC.
• The Debtors filed the Sale Motion on January 28, 2026; the Bankruptcy Court entered the Bidding Procedures Order on February 25, 2026; and the Debtors held an auction on March 20, 2026. At the conclusion of the auction, the Debtors announced the following successful bidders and purchase prices:
  • Aircraft N627NP and accompanying engines — Elevate Aviation Group, LLC ($4,000,000, subsequently reduced by $25,000 to resolve a dispute over whether certain assets were included in the sale);
  • Aircraft N628NP and accompanying engines — Elevate Aviation Group, LLC ($7,000,000);
  • Aircraft N629NP — AMTRA Aero Component Solutions, LLC ($1,100,000);
  • Aircraft spare parts — Wexford Capital, LP ($1,000,000);
  • Equity interests in NPA — Owners Jet, LLC ($3,100,000); and
  • Equity interests in Aleutian Airways LLC — Jones Holding LLC, via a credit bid of $7,179,866.20, which was reduced by agreement of the Debtors, Jones Holding LLC and the Committee to $5,771,407, inclusive of $3,973,930.92 in secured obligations arising from the Jones Prepetition Loans and $1,797,476.08 in Roll Up Loans.
• In accordance with the Sale Orders, the Debtors will apply the net cash proceeds of the sales as follows:
  • Net cash proceeds from the sale of the aircraft spare parts to Wexford Capital, LP will be applied first to satisfy the outstanding DIP Term Loans and second to the Roll Up Loans;
  • $4,907,500 of the cash proceeds from the sales of the aircraft and accompanying engines and airframe will be applied to reduce the outstanding obligations under the Aircraft Prepetition Loans; and
  • $7,000,000 of the cash proceeds will be held by the Debtors in a segregated account, constituting the Prepetition Lender’s cash collateral, and will not be used by the Debtors or the Estates without further order of the Bankruptcy Court.
• Following the sales of the Debtors’ physical assets, the Debtors’ remaining Assets are the cash proceeds from the sales, Causes of Action, the Domain Name and the FlyCoin token platform, in addition to the Reorganization Assets. The remaining Assets and the Plan Sponsor Contribution will be distributed to Holders of Allowed Claims in accordance with the Plan.

Reorganization Transaction

• The Reorganization Transaction is the transaction between the Debtors and the Plan Sponsor to effectuate the transfer of the New Equity Interests in NPA. The Reorganization Assets consist of:
  • The DOT Certificate;
  • The FAA Certificate (to the maximum extent permitted by applicable law);
  • The Manuals and Materials; and
  • Miscellaneous related assets, to be identified with more particularity in the Plan Supplement.
• On the Effective Date, all Existing Equity Interests, except for FLOAT’s equity interests in FARE, will be cancelled, and the New Equity Interests in NPA will be issued to the Plan Sponsor or to another entity at the Plan Sponsor’s direction.
  • The Reorganization Assets will vest in Reorganized NPA free and clear of all Liens, Claims, encumbrances and other interests, and Reorganized NPA will receive a discharge of all Claims against it on the Effective Date, except as expressly stated otherwise in the Plan, the Plan Documents or the Confirmation Order.
  • NPA will continue to exist after the Effective Date as a separate corporation under Delaware law.

Plan Sponsor Contribution

• The Plan Sponsor Contribution is the total amount of $3,100,000 to be contributed to the Debtors by the Plan Sponsor, on or before the Effective Date, in exchange for the New Equity Interests, which represent 100% of the new equity of Reorganized NPA.
• Other than the payment of the Plan Sponsor Contribution, the Plan Sponsor is not required to make, and will not make, any other payments or contributions to the Debtors or any other party, and will not be responsible to pay any Allowed Claims or Interests in the Debtors.

DIP Financing

• In the weeks leading up to the Petition Date, the Debtors, through Sherwood Partners, Inc., solicited offers for a debtor-in-possession financing facility. With the exception of the Prepetition Lender, none of the potential lenders expressed interest, citing factors including the Debtors’ capital structure, insufficient unencumbered assets to provide as collateral, and perceived challenges in the aviation industry.
• In response to the only formal DIP proposal received, the Debtors engaged in good faith, arms’-length negotiations with the Prepetition Lender; the Special Committee (comprising independent director Thomas Allison, vested with exclusive authority over insider transactions) reviewed and approved the Debtors’ entry into the DIP facility. Under the DIP Credit Agreement, dated as of February 3, 2026, by and among the Debtors and DIP Lender Jones Holding LLC:
  • The Debtors have access to a term loan facility of up to $3,230,000 (the “DIP Term Loan”), with a dollar-for-dollar roll up of the debt under the Prepetition Lender Loan Documents (the “Roll-Up Loans,” and together with the DIP Term Loan, the “DIP Loans”).
  • The DIP Loans were secured by superpriority liens on substantially all of the Debtors’ assets.
• The Committee objected to final approval of the DIP Credit Agreement; as a result of the objection, certain modifications were made to the proposed DIP Order, which was granted by the Bankruptcy Court on February 25, 2026.
• As of the Effective Date, the DIP Claims will be Allowed in the full amount outstanding under the DIP Credit Agreement, and the DIP Lender will receive Cash equal to the unpaid portion of such Allowed DIP Claim on the Effective Date or as soon as reasonably practicable thereafter, except to the extent the DIP Lender agrees to less favorable treatment.
• “Unfunded DIP Term Loans” means the amount of DIP Term Loans added to the Revised DIP Budget that remain unfunded as of the Effective Date, not to exceed $170,000.

Committee DIP Resolution

• In connection with the Committee’s objection, the DIP Lender, the Debtors and the Committee agreed to the following terms (the “Committee DIP Resolution”):
  • The new money portion of the DIP Facility was increased by $100,000 (the “Additional DIP Funding”), available to fund, without duplication, either the professional fees of the Committee or other administrative costs, as determined by the Committee in consultation with the Debtors.
  • The Committee’s professional fees set forth in the budget were increased by $25,000.
  • The Domain Name is excluded from the DIP Collateral, with the net proceeds of any sale allocated: (i) first, to repay the Additional DIP Funding to the DIP Lender; (ii) second, up to $1,100,000 of remaining net proceeds to the estates, provided that the Jones Prepetition Unsecured Claims will not share in any recovery of the first $1,100,000; and (iii) third, any net proceeds in excess of $1,100,000 distributed pro rata among Holders of Allowed Claims, including the Jones Prepetition Unsecured Claims.
  • All Chapter 5 Causes of Action are excluded from DIP Collateral and preserved for the benefit of the estates, though their proceeds constitute DIP Collateral subject to recovery limitations: (i) the first $300,000 in proceeds will be distributed to the estates, with neither the DIP Lender nor holders of Jones Prepetition Unsecured Claims entitled to recover; (ii) any proceeds in excess of $300,000 will satisfy unpaid DIP Claims (including Roll Up Loans), but the DIP Lender must look to such proceeds as the last form of collateral; and (iii) any remaining proceeds will be distributed to the estates, with the holders of the Jones Prepetition Unsecured Claims not sharing in such proceeds absent a successful Challenge (or where the Committee waives its Challenge rights or the Challenge Period expires without a Challenge).
  • If a chapter 11 plan is confirmed and a liquidating trust is established, and the Committee has not commenced a Challenge, the Committee will have sole authority to select the Liquidating Trustee.
  • The Debtors and their estates have no obligation under the DIP Documents to pay any fees or expenses of the DIP Lender’s professionals incurred on or after the Petition Date; such fees and expenses are obligations solely of non-debtor affiliate FLOAT Alaska Real Estate LLC, which guaranteed the Debtors’ obligations under the DIP Credit Agreement.
• The Debtors, the DIP Lender and the Committee have agreed to modify the Committee DIP Resolution under the Plan to, among other things, permit the use of Sale proceeds that constitute the DIP Lender’s cash collateral to fund certain administrative expenses that exceeded the amounts set forth in the Approved Budget by making the Unfunded DIP Term Loans available to the Debtors with such cash collateral.

Exit Note Financing

• Pursuant to an agreement among the DIP Lender, the Committee and the Debtors, certain proceeds from the Sales that constitute the DIP Lender’s or Prepetition Lender’s collateral will be used to pay certain administrative expenses of the Estates that are in excess of the initial DIP Term Loan commitment under the Approved Budget.
• In exchange, Jones Holding LLC will receive an Exit Note to be issued by the Liquidating Trust on the Effective Date, in a principal amount equal to the Exit Note Principal — the sum of (a) the Unfunded DIP Term Loans plus (b) the Plan Claim Reserve amount.
  • The Exit Note will accrue interest at a rate of ten percent (10%) per annum, payable in kind, capitalized and added to the outstanding principal balance on a monthly basis.
  • The Exit Note will be secured by a first priority security interest in the Liquidating Trust Assets and their proceeds (other than the Trust Administration Reserve), fully perfected upon entry of the Confirmation Order.
  • The proceeds of any sale, disposition, or liquidation of the Liquidating Trust Assets (other than the Trust Administration Reserve) will first be applied to satisfy all outstanding obligations under the Exit Note before any payments or distributions to any other party, including the Committee’s Professionals, the Liquidating Trust Beneficiaries, the Liquidating Trustee or any professionals employed by the Liquidating Trustee.
  • The Exit Note and related documentation will be filed with the Court as part of the Plan Supplement, in a form reasonably acceptable to the DIP Lender, the Debtors and the Committee.

Liquidating Trust

• On or substantially contemporaneously with the Effective Date, the Liquidating Trust will be established to hold and monetize the Liquidating Trust Assets, make Distributions to Holders of Allowed Claims, and wind down the Wind-Down Estates. The Liquidating Trust Agreement will be in form and substance reasonably acceptable to the Committee, the Debtors and the DIP Lender. The Liquidating Trust Assets comprise:
  • The Trust Administration Reserve;
  • All Causes of Action, other than those expressly waived or released under the Plan and excluding the Atlantic Aviation Action;
  • The Domain Name;
  • Any intellectual property assets of the Debtors as of the Effective Date;
  • Any tax refunds or other refunds that are not DIP Collateral or Prepetition Collateral; and
  • Any other remaining assets of the Debtors as of the Effective Date.
• The Liquidating Trust Assets will vest in the Liquidating Trust free and clear of all Liens, claims and interests other than those granted under the Exit Note. Upon transfer, the Debtors will have no further duties or responsibilities in connection with implementation of the Plan.
• The Liquidating Trustee will pursue or settle Causes of Action, liquidate remaining assets, administer and object to or settle claims, and make distributions to Holders of Allowed Claims.
  • The initial Liquidating Trustee will be selected by the Committee, subject to the consent of the DIP Lender (not to be unreasonably withheld), approved in the Confirmation Order, and effective as of the Effective Date. The identity of the initial Liquidating Trustee will be disclosed in the Plan Supplement.
  • The Liquidating Trust will have an initial term of three years, with authority for the Liquidating Trustee to grant additional one-year extensions if warranted.
• The Trust Administration Reserve, for payment of the costs and expenses of the Liquidating Trust and expenses to wind down the Debtors’ estates, will be funded on the Effective Date in the amount of $100,000. The Plan Claim Reserve (for Disputed Administrative, Priority Tax and Other Priority Claims) will be funded in the amount of $25,000 from remaining Sales proceeds, with any remaining balance remitted to Jones Holding LLC to repay the Exit Note.
• With respect to the Domain Name: if the Exit Note remains outstanding when a sale of the Domain Name closes, the $1.1 million threshold for distribution to the estates will be reduced dollar-for-dollar by the total outstanding obligations under the Exit Note; if no Exit Note obligations remain outstanding at closing, the threshold remains at $1.1 million. In any event, the Liquidating Trustee may not consummate any sale of the Domain Name resulting in net sale proceeds of less than $300,000 without the prior written approval of the DIP Lender.

FLOAT Alaska Real Estate LLC

• Non-debtor FLOAT Alaska Real Estate LLC (“FARE”) is the wholly-owned subsidiary of Debtor FLOAT and a guarantor under the DIP Credit Agreement. FARE owns a hangar and adjacent building in Anchorage, Alaska, and is in the process of negotiating the sale of its real property; there is currently no anticipated closing date.
  • The net proceeds from any sale will be used first to pay FARE’s creditors, including Jones Holding LLC, FARE’s secured lender.
• FLOAT’s equity in FARE is Prepetition Collateral pursuant to a Pledge Agreement between FLOAT and Jones Holding LLC dated September 29, 2025. On the Effective Date, FLOAT’s equity interests in FARE will be surrendered to the DIP Lender in partial satisfaction of the Prepetition Lender’s Allowed Jones Holding Secured Claim, any adequate protection claim arising under the DIP Order, and any claim arising under section 507(b) of the Bankruptcy Code, up to an amount equal to the net sale proceeds of any sale of FARE’s underlying real property.
• The DIP Lender will provide the Committee (and, after the Effective Date, the Liquidating Trustee) with copies of any bona fide offers, material updates, other reasonably requested information related to the marketing or sale, and an accounting of the sale proceeds.

Executory Contracts and Unexpired Leases

• Except as set forth below, on the Effective Date all of the Debtors’ executory contracts and unexpired leases will be deemed rejected, other than any contract or lease that the Debtors previously assumed, assumed and assigned, or rejected, or for which a motion to assume/assign or reject was filed before the Effective Date and remains pending. Entry of the Confirmation Order constitutes approval of such rejections.
• Claims arising from rejection will be classified as Class 6 General Unsecured Claims and may be forever barred unless a proof of claim is filed and served on the Liquidating Trustee within 30 days after notice of the rejection order (which may include the Confirmation Order).
• Executory contracts relating to the Reorganization Assets will instead be deemed assumed on the Effective Date (subject to payment of applicable Cure Amounts) and will vest in, and be enforceable by, Reorganized NPA.

Treatment of Claims and Interests

• Class 1 — Other Priority Claims (estimated $0.00; 100% recovery): Unimpaired and deemed to accept the Plan.
• Class 2 — Other Secured Claims (estimated $700.00; 100% recovery): Unimpaired and deemed to accept the Plan.
• Class 3 — Jones Holding Secured Claims (estimated $29,300,681.00; 76% recovery): Deemed Allowed up to the Prepetition Lender Secured Obligations, to the extent of the value of the Prepetition Collateral. In full and final satisfaction, the Prepetition Lender will receive payment of the Prepetition Lender Claim Recovery. Impaired and entitled to vote.
  • The Jones Deficiency Claim will receive the same treatment as Allowed General Unsecured Claims in Class 6, subject to the Committee DIP Resolution; provided that $1,408,459.20 of the Jones Deficiency Claim will be excluded when determining pro rata distributions and will not be repaid until payment in full of all Allowed General Unsecured Claims in Class 6.
  • The Prepetition Lender Claim Recovery comprises (a) Cash in the amount of the remaining Sales proceeds held by the Debtors as of the Effective Date and the Plan Sponsor Contribution, after payment of the DIP Claims and Convenience Claims and funding of the Plan Claim Reserve and the Professional Fee Escrow Amount; (b) all other Cash proceeds from the disposition of any other Prepetition Collateral; and (c) the surrender of FLOAT’s equity interests in FARE to the DIP Lender on the Effective Date.
• Class 4 — Mechanics Lienholder Claims (estimated $2.8 million; 1.1%–11.2% recovery): Each Holder will receive Cash equal to the Allowed secured amount of its Claim plus its Pro Rata Share of 100% of the General Unsecured Claim Trust Interests on account of the Allowed unsecured amount. Impaired and entitled to vote.
• Class 5 — Convenience Claims (estimated $130,000.00; 15% recovery): Each Holder will receive Cash equal to 15% of its Allowed Convenience Claim. Class 5 initially consists of all General Unsecured Claims totaling $5,000 or less; treatment is in lieu of any treatment as a Holder of a Class 6 Claim, and any creditor with a General Unsecured Claim above $5,000 electing Convenience Claim treatment must affirmatively do so on its Class 6 Ballot. Impaired and entitled to vote.
• Class 6 — General Unsecured Claims (estimated $76–98 million; 1.1%–11.2% recovery, excluding the Jones Prepetition Unsecured Claims, which the Debtors project will recover between 0%–3%): Each Holder will receive, subject to the Committee DIP Resolution, its Pro Rata Share of 100% of the General Unsecured Claim Trust Interests. Impaired and entitled to vote.
• Class 7 — Subordinated Claims (estimated $0.00; 0% recovery): Holders will receive no Distribution and are deemed to reject the Plan.
• Class 8 — Equity Interests (estimated $0.00; 0% recovery): All Existing Equity Interests will be deemed canceled, extinguished and discharged, and Holders will receive no Distribution. Deemed to reject the Plan.
• Classes 9A and 9B — Intercompany Claims (estimated $70 million; 0%) and Intercompany Interests (estimated $0.00; 0%): On or after the Effective Date, all Allowed Intercompany Claims and Interests will be adjusted, continued, settled, reinstated, discharged, or eliminated, as determined appropriate by the Debtors or the Liquidating Trustee. Deemed to reject the Plan.

Releases

• The Plan provides for releases by the Debtors and their Estates, and by the Releasing Parties, of the Released Parties from all Claims and Causes of Action based on any act, omission, transaction, event or circumstance occurring on or prior to the Effective Date in connection with or related to the Debtors, including the chapter 11 cases, the combined Plan and Disclosure Statement, the Sales and related transaction documents, and the confirmation or consummation of the Plan.
  • The releases will not extend to acts constituting willful misconduct, bad faith, or gross negligence.
• The “Released Parties” include, in each case in their capacity as such: (a) the Debtors and Reorganized NPA; (b) the current managers, directors, officers, authorized persons, and members of management of the Debtors for conduct occurring on and after the Petition Date; (c) the Plan Sponsor; (d) the DIP Lender; (e) the Prepetition Lender; (f) the Committee and its members; and (g) the Related Parties of the foregoing.
• The “Releasing Parties” include: (a) the Released Parties; (b) all Holders of Claims and Interests deemed to accept or reject the Plan who return a form affirmatively opting in to the releases; (c) all Holders of Claims entitled to vote who return a ballot and do not opt out by checking the opt-out box on their Ballots; and (d) any Related Persons of the foregoing with capacity or authority to grant the release.

Exculpation

• The Exculpated Parties will not have or incur any liability for any act taken or omitted from the Petition Date through the Effective Date in connection with the formulation, negotiation, preparation, implementation, or administration of the Plan, the Solicitation Materials, the Disclosure Statement, any related documents, or any Distributions made pursuant to the Plan, except for acts constituting willful misconduct, bad faith, or gross negligence.
• The “Exculpated Parties” are: (a) the Debtors; (b) each of the Debtors’ current officers and directors, and former officers and directors who served during any portion of the chapter 11 cases following the Petition Date; (c) the Committee and each of its current members; (d) the Professionals; and (e) the Related Persons for each of the foregoing, solely to the extent acting as agents for Estate fiduciaries between the Petition Date and the Effective Date.

Discharge and Injunction

• On and after the Effective Date, the treatment of all Claims and Interests will be in complete satisfaction, discharge, and release of all Claims and Interests against Debtor NPA, Reorganized NPA or their assets, and all Entities will be precluded from asserting against NPA, Reorganized NPA, their Estates, the Liquidating Trust, the Liquidating Trustee, and their successors any Claims or Interests arising prior to the Effective Date.
  • The discharge will not apply to the ability of Holders of Allowed Claims to recover from the Liquidating Trust on account of such Allowed Claims, in accordance with the Plan and the Liquidating Trust Agreement.
• No Entity holding a Claim against or Equity Interest in the Debtors may receive any payment from, or seek recourse against, any assets to be distributed under the Plan other than those required to be distributed to that Entity under the Plan, and all parties are precluded from asserting against any property to be distributed any Claims, rights, Causes of Action, liabilities, or Interests based upon any act, omission, transaction, or other activity occurring before the Effective Date, except as expressly provided in the Plan or the Confirmation Order.

Adversary Proceeding

• On April 13, 2026, Bischoff Aerospace, Inc. (“Bischoff”) and Associated Energy Group, LLC (“AEG”) commenced an adversary proceeding against Jones Holding LLC and Josh Jones (Adv. Proc. No. 26-50235 (CTG)).
  • The adversary complaint asserts a single count for equitable subordination of Jones Holding LLC’s Claims against the Estates to those of Bischoff and AEG.
  • The deadline to answer or otherwise respond to the adversary complaint is May 28, 2026.

Official Committee of Unsecured Creditors

• On February 11, 2026, the United States Trustee appointed the Committee. Its members are Intelsat Inflight LLC and Regent Aerospace Corp.
  • Pursuant to orders dated March 20, 2026, the Bankruptcy Court authorized the Committee to retain Lowenstein Sandler LLP as counsel and Morris James LLP as Delaware counsel.
  • On the Effective Date, except as otherwise provided, the Committee will be dissolved and its members released and discharged of all further authority and duties.

Voting and Confirmation

• On May 14, 2026, the Bankruptcy Court entered the Interim Approval and Procedures Order conditionally approving the combined Disclosure Statement and Plan for solicitation purposes only and authorizing the Debtors to solicit votes. The Bankruptcy Court fixed May 11, 2026 as the Voting Record Date.
• The Voting Deadline and the deadline for objections to confirmation are both June 8, 2026 at 4:00 p.m. (prevailing Eastern Time). The Confirmation Hearing is scheduled to commence on June 18, 2026 at 10:00 a.m. (prevailing Eastern Time).
• Voting status by Class:
  • Holders of Claims in Classes 3, 4, 5 and 6 are Impaired and entitled to vote on the Plan.
  • Holders of Claims or Interests in Classes 7, 8, 9A and 9B are Impaired, will not receive or retain any property, and are deemed to reject the Plan.
  • Holders of Claims in Classes 1 and 2 are Unimpaired and are deemed to accept the Plan.
• For the Plan to be accepted by an Impaired Class of Claims, a majority in number and two-thirds in dollar amount of the Claims voting in such Class must vote to accept. At least one Voting Class, excluding the votes of Insiders, must vote to accept the Plan.