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Marcus A. Helt (TX 24052187) FOLEY GARDERE Foley & Lardner LLP 2021 McKinney Avenue Suite 1600 Dallas, TX 75201 Telephone: (214) 999-3000 Facsimile: (214) 999-4667 Email: [email protected]
-and-
Jack G. Haake (pro hac vice) FOLEY & LARDNER LLP Washington Harbour 3000 K Street, N.W., Suite 600 Washington, D.C. 20007-5109 Telephone: (202) 295-4085 Facsimile: (202) 672-5399 Email: [email protected]
Counsel for the Debtors and Debtors in Possession
IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TEXAS
SHERMAN DIVISION
In re: § Chapter 11 § ZENERGY BRANDS, INC., et al.,1 § Case No. 19-42886 § Debtors. § (Jointly Administered)
NOTICE OF PLAN SUPPLEMENT
PLEASE TAKE NOTICE THAT on March 16, 2020, the above-captioned debtors and
debtors-in-possession (collectively, the “Debtors”) filed the Debtors’ Plan of Reorganization (the
“Plan”) (Docket No. 193) and on March 17, 2020 filed the Disclosure Statement Pursuant to
Section 1125 of the Bankruptcy Code with Respect to the Debtors’ Chapter 11 Plan of
Reorganization (the “Disclosure Statement”) (Docket No. 194).
1 The Debtors in the above-captioned chapter 11 cases, along with the last four digits of each Debtor’s federal tax
identification number, are: Zenergy Brands, Inc. (1686); NAUP Brokerage, LLC (7899); Zenergy Labs, LLC (8045); Zenergy Power & Gas, Inc. (1963); Enertrade Electric, LLC (8649); Zenergy & Associates, Inc. (4022); and Zen Technologies, Inc. (7309). The above-captioned Debtors’ mailing address is 5700 Granite Pkwy, #200, Plano, TX 75024.
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PLEASE TAKE FURTHER NOTICE THAT on March 19, 2020, the United States
Bankruptcy Court for the Eastern District of Texas (the “Bankruptcy Court”) entered an order,
Docket No. 197 (the “Disclosure Statement Order”), (a) conditionally approving the Disclosure
Statement; (b) establishing procedures for solicitation and tabulation of votes on Plan; and (c)
scheduling a combined hearing on approval of the Disclosure Statement and Confirmation of Plan
for the.
PLEASE TAKE FURTHER NOTICE THAT in connection with the Plan and the
Disclosure Statement, the Debtors hereby file the following Plan Supplement exhibits with the
Court:
Exhibit B – 90 Day Payment History Exhibit C – Identity of Trustee Exhibit D – Assumed Executory Contracts Exhibit E – Rejected Executory Contracts
PLEASE TAKE FURTHER NOTICE THAT the Debtors contemplate filing the
following documents at a later time:
GUC Promissory Note GUC Trust Agreement Assumed Prepetition Senior Creditor Note Assumed DIP Lender Note Confirmation Credit Facility Documents Identity of Entity providing Confirmation Credit Facility and amount of Confirmation
Credit Facility Identity of Officers and Compensation of Officers
PLEASE TAKE FURTHER NOTICE THAT the hearing at which the Bankruptcy
Court will consider Confirmation of the Plan and final approval of the Disclosure Statement (the
“Confirmation Hearing”) will commence on May 14, 2020, at 1:30 p.m., prevailing Central Time,
before the Honorable Brenda T. Rhoades, in the United States Bankruptcy Court for the Eastern
District of Texas, located at 660 North Central Expressway, Suite 300B, Plano, TX 75074.
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PLEASE TAKE FURTHER NOTICE THAT the deadline for filing objections to the
Plan is May 8, 2020, at 5:00 p.m., prevailing Central Time (the “Plan Objection Deadline”). Any
objection to the Plan must: (a) be in writing; (b) conform to the Bankruptcy Rules, the Local Rules,
and any orders of the Bankruptcy Court; (c) state, with particularity, the basis and nature of any
objection to the Plan and, if practicable, a proposed modification to the Plan that would resolve
such objection; and (d) be filed with the Bankruptcy Court (contemporaneously with a proof of
service) and served upon the following parties so as to be actually received on or before May 8,
2020, at 5:00 p.m., prevailing Central Time: (a) counsel to the Debtors, Foley Gardere, Foley
Lardner LLP, 2021 McKinney Avenue, Suite 1600, Dallas, TX 75201, Attn: Marcus A. Helt, Esq.;
Foley & Lardner LLP, Washington Harbour, 3000 K Street, N.W. , Suite 600, Washington, D.C.
20007-5109, Attn: Jack G. Haake, Esq.; (b) the Office of the United States Trustee for the Eastern
District of Texas, 110 N. College Ave., Suite 300, Tyler, TX 75702, Attn: John M. Vardeman,
Esq.; and (c) counsel to the Official Committee of Unsecured Creditors, Kane Russell Coleman
Logan P.C., 901 Main Street, Suite 5200, Dallas, TX 75202, Attn: Joseph M. Coleman, Esq. and
Kyle Woodard, Esq.
PLEASE TAKE FURTHER NOTICE THAT the Debtors reserve the right, subject to
the terms and conditions set forth in the Plan and Disclosure Statement, to alter, amend, modify,
or supplement any document in the Plan Supplement; provided that if any document in the Plan
Supplement is altered, amended, modified or supplemented in any material respect prior to the
Confirmation Hearing, the Debtors will file a blackline of such document with the Court.
PLEASE TAKE FURTHER NOTICE THAT if you would like to obtain a copy of the
Disclosure Statement, the Plan, the Plan Supplement, or related documents, you should contact
Stretto, the Notice and Claims Agent retained by the Debtors in these Chapter 11 Cases (the
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“Notice and Claims Agent”), by: (a) calling the Debtors’ restructuring hotline at (855) 366-3672;
(b) visiting the Debtors’ restructuring website at: https://cases.stretto.com/ZenergyBrands; and/or
(c) writing to Zenergy Brands, Inc., et al., Ballot Processing, c/o Stretto, 410 Exchange, Suite 100,
Irvine, CA 92602. You may also obtain copies of any pleadings filed in these Chapter 11 Cases
for a fee via PACER at: http://www.txeb.uscourts.gov.
Dated: April 3, 2020 Respectfully Submitted,
/s/ Jack G. Haake
Marcus A. Helt (TX 24052187) FOLEY GARDERE Foley Lardner LLP 2021 McKinney Avenue Suite 1600 Dallas, TX 75201 Telephone: (214) 999-3000 Facsimile: (214) 999-4667 Email: [email protected]
-and-
Jack G. Haake (Pro Hac Vice) FOLEY & LARDNER LLP Washington Harbour 3000 K Street, N.W. , Suite 600 Washington, D.C. 20007-5109 Telephone: (202) 295-4085 Facsimile: (202) 672-5399 Email: [email protected]
Counsel for the Debtors and Debtors in Possession
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5
CERTIFICATE OF SERVICE
I hereby certify that on this the 3rd day of April, 2020, a copy of the foregoing was sent via this Court’s ECF system on all those parties registered to receive said electronic service.
/s/ Jack G. Haake Jack G. Haake
Case 19-42886 Doc 208 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc MainDocument Page 5 of 5
EXHIBIT B
Case 19-42886 Doc 208-1 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitB - 90 Day Payment History Page 1 of 2
“FOR NOTICE PURPOSES, SUBSTANTIALLY IN THE FORM AS BELOW, SUBJECT TO ADDITIONAL CHANGES”
Vendor AmountAjamie LLP 5,000.00 Bank of Texas 1,835.53 Chris Crabtree 4,687.50 Clifton Larson Allen 28,000.00 Clinton B Zimmerman 1,153.85 Dan Ofchen 3,500.00 DJ Belieny 23,500.00 Executive Workspace 10,749.25 First Insurance 9,835.06 Foley Lardner 100,000.00 Gaston Garza 4,979.75 Jeff Bay‐Anderson 6,000.00 John Brooks Kligenbeck 4,567.00 John Klingenbeck 2,000.00 Josh Campbell 43,300.00 Joy Krumwiede 3,200.00 Kate H. 3,000.00 Lane Davis 18,491.77 Legal and Compliance LLC 500.00 Legends Commodities 23,500.00 Malone Bailey 45,000.00 Monika Evans 12,500.00 Oscar Gomez 9,000.00 Pacific Lamp 136,387.65 Pex Card ‐ G&A 38,400.00 Ryan Samuel 30,780.43 SAMCO HOLDINGS 23,400.00 Securitites Transfer Agent 4,200.00 Stretto 10,000.00 Stricly Electrical 9,283.26 TCA 5,000.00 Texas Security Bank 681.58 The Love Law Firm 19,141.24 Thomas Grissom 9,360.00 Viridian 10,516.70 Total 661,450.57
90 Day Payment History
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EXHIBIT C
Case 19-42886 Doc 208-2 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitC - Identity of Trustee Page 1 of 2
4810-8833-0169.1
IDENTITY OF TRUSTEE AND PROPOSED TERMS OF COMPENSATION
GUC Trustee Jason Rae
Lain, Faulkner & Co. 400 North St. Paul Street
Suite 600 Dallas, TX 75201.
Rate is $400/hour.
Case 19-42886 Doc 208-2 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitC - Identity of Trustee Page 2 of 2
EXHIBIT D
Case 19-42886 Doc 208-3 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitD - Assumed Executory Contracts Page 1 of 5
4828-3446-8537.3
Exhibit D
ASSUMPTION LIST
On the Effective Date, except as otherwise provided in the Plan, each executory contract and unexpired lease set forth in this Assumption List will be assumed and assigned to the applicable Reorganized Debtor in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code, all other executory contracts and unexpired lease between the Debtor and any Person shall be deemed rejected by the Debtors as of the Effective Date, except for any executory contract or unexpired lease: (i) which previously has been assumed or rejected pursuant to an order of the Court entered prior to the Effective Date, (ii) as to which a motion for approval of the assumption or rejection of such executory contract or unexpired lease has been filed and served prior to the Effective Date, or (iii) which is listed on this Assumption List; provided, however, that the Debtors or Reorganized Debtor shall have the right, on or prior to the Confirmation Date, to amend the Assumption List to delete any executory contract or unexpired lease therefrom or add any executory contract or unexpired lease thereto, in which event such executory contract(s) or unexpired lease(s) shall be deemed, respectively, assumed or rejected. The Debtors or Reorganized Debtor shall provide notice of any amendments to the Assumption List to the non-debtor parties to the executory contracts and unexpired leases affected thereby. The listing of a document on the Assumption List shall not constitute an admission by the Debtors or the Reorganized Debtor that such document is an executory contract or an unexpired lease, or that the Debtors or the Reorganized Debtor have any liability thereunder.
Entry of the Confirmation Order by the Bankruptcy Court shall constitute a Final Order approving the assumptions of the executory contracts and unexpired leases as set forth in the Plan and this Assumption List, pursuant to sections 365(a) and 1123 of the Bankruptcy Code. Any motions to assume executory contracts or unexpired leases pending on the Effective Date shall be subject to approval by the Bankruptcy Court on or after the Effective Date by a Final Order. Each executory contract and unexpired lease assumed pursuant to Article VII of the Plan or by any order of the Bankruptcy Court, which has not been assigned to a third party prior to the Confirmation Date, shall revest in and be fully enforceable by the Reorganized Debtor in accordance with its terms, except as such terms are modified by the provisions of the Plan or any order of the Bankruptcy Court authorizing and providing for its assumption under applicable federal law. Notwithstanding anything to the contrary in the Plan, the Debtors reserve the right to alter, amend, modify, or supplement the Assumption List at any time through and including 45 days after the Effective Date.
Case 19-42886 Doc 208-3 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitD - Assumed Executory Contracts Page 2 of 5
4828-3446-8537.3
Debtor Description of Assumed Contract
or Lease
Counterparty Address Date of Contract
Cure Cost
Zenergy Brands, Inc.
Managed Energy Services Agreement
DFW Ghani Investments, LLC
6209 Lontana Ct., Colleyville, TX 76034
9/25/2017 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
BitPlus, Ltd. 1351 Trotters Lane, Williamson, MI 458895
6/28/2015 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
BitPlus, Ltd. 1351 Trotters Lane, Williamson, MI 458895
11/15/2018 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
BitPlus, Ltd. 1351 Trotters Lane, Williamson, MI 458895
11/15/2018 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
BitPlus, Ltd. 1351 Trotters Lane, Williamson, MI 458895
9/5/2019 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
Cox's Fiesta of San Antonio
5103 S. Flores St, San Antonio, TX 78214
06/22/2018 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
Burgerworks of Texas, LLC
908 N John Reddit Dr., Lufkin, TX 75904
07/05/2018 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
Floresville Independent School District
1200 5th St., Floresville, TX 78114
07/29/2019 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
First Baptist Church of Coppell
590 S. Denton Tap Rd., Coppell, TX 75019
02/13/2019 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
Okmulgee County Jail 315 W. 8th St., Okmulgee, OK 74447
1/18/2018 $0
Zenergy Brands, Inc.
Managed Energy Services Agreement
Okmulgee County Jail 315 W. 8th St., Okmulgee, OK 74447
8/1/2017 $0
Zenergy Brands, Inc.
Commercial Premium Finance
Agreement
First Insurance Funding Agent/Broker: The Plexus Group, LLC ,21805 Field Pkwy, Ste 300, Deer Park, IL 60010
$0
Zenergy Brands, Inc.
Master Channel Partner Agreement
CASA, Inc. 1315 Cleveland St., Clearwater, FL 33765
01/18/2018 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
Monica Evans 974 S. Medalist Circle, Plano, TX 75023
7/5/2018 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
Oscar Gomez 4800 Printer's Way #3050, Frisco, TX, 75034
6/28/2018 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
Brian Steeg 4925 Rasor Blvd. #438, Plano, Texas 75024
11/29/2019 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
Clinton Zimmerman 6143 Summer Creek Circle, Dallas, TX 75231
10/3/2019 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
John Brooks Klingenbeck 10 Augusta Way, Shoal Crteek, AL 35242
6/25/2017 $0
Case 19-42886 Doc 208-3 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitD - Assumed Executory Contracts Page 3 of 5
4828-3446-8537.3
Debtor Description of Assumed Contract
or Lease
Counterparty Address Date of Contract
Cure Cost
Zenergy Brands, Inc.
Independent Contractor Agreement
Ryan Samuel 1600 Mapleleaf Drive, Wylie, TX 75098
5/31/2017 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
DJ Belieny 2445 Texoma Drive, Little Elm, TX 75068
6/15/2019 $0
Zenergy Brands, Inc.
Independent Contractor Agreement
Joy Krumweide 2804 Oak Cliff Lane Arlington, TX 76012
$0
Zenergy Brands, Inc.
Tax Preperation Services
Gurian PLLC 14881 Quorum Drive, Suite 350, Dallas, TX 75254
2/18/2020 $0
Zenergy Brands, Inc.
Executive Workspace Office License and Service
Agreement
Executiveworkspace.com 5700 Granite Parkway, Suite 200, Plano, TX 75024
12/20/2018 (amended
02/19/2020)
$0
Zenergy Brands, Inc.
Consulting Services Agreement
Samco Holdings, LLC 2121 Lohman Crossing Ste 504‐762, Lakeway, TX 78734
6/1/19 (amended 10/15/19)
$0
Zenergy Brands, Inc.
Legal Services Agreement
The Loev Law Firm, PC 6300 West Loop South, Suite 280, Bellaire, TX 77401
$0
Zenergy Brands, Inc.
Insurance Broker The Plexus Groupe LLC 21805 W. Field, Ste 300, Deer Park, IL 60010
$0
Zenergy Brands, Inc.
General Liability & Umbrella insurance
coverage
Chubb P.O. Box 382001 Pittsburgh, PA 15250‐8001
$6,730
Zenergy Brands, Inc.
Directors & Officers insurance coverage
Lloyd’s of London $0
Zenergy Brands, Inc.
Technical Errors & Omissions insurance
coverage
Ironshore Specialty Insurance Company
175 Berkeley Street Boston, MA 02116
04/01/2019 $0
NAUP Brokerage, LLC
Broker Agreement Aggressive Energy 78 Rapelye St, Brooklyn, NY 11231
$0
NAUP Brokerage, LLC
Supplier Agreement Madison Energy Group $0
NAUP Brokerage, LLC
Supplier Agreement Constellation Energy $0
NAUP Brokerage, LLC
Supplier Agreement Hudson Energy $0
NAUP Brokerage, LLC
Broker Agreement Plymouth Rock Energy $0
Case 19-42886 Doc 208-3 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitD - Assumed Executory Contracts Page 4 of 5
4828-3446-8537.3
Debtor Description of Assumed Contract
or Lease
Counterparty Address Date of Contract
Cure Cost
NAUP Brokerage, LLC
Supplier Agreement SFE Energy $0
NAUP Brokerage, LLC
Rich Olson $0
Zenergy Labs, LLC
Software Development Agreement
BLC Advisory Group, LLC (iBuumerang)
11807 Westheimer Road #550‐427, Houston, TX
77077
9/23/2019 $0
Zenergy Labs, LLC
Independent Contractor Agreement
BitJar Labs, Inc. 1/1/2020 $0
Case 19-42886 Doc 208-3 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitD - Assumed Executory Contracts Page 5 of 5
EXHIBIT E
Case 19-42886 Doc 208-4 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitExhibit E - Rejected Executory Contracts Page 1 of 4
4838-1718-0857.1
Exhibit E
REJECTION LIST
The executory contracts and unexpired leases attached hereto are being rejected. Pursuant to Article VII of the Plan, all executory contracts and unexpired leases that are not on the Assumption List filed with the United States Bankruptcy Court for the Eastern District of Texas will be rejected. Just because an executory contract or unexpired lease is not contained in this rejection list does not mean that it has been assumed. You must review the Assumption List for the executory contracts and unexpired leases that will be assumed by the Reorganized Debtor.
Case 19-42886 Doc 208-4 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitExhibit E - Rejected Executory Contracts Page 2 of 4
4838-1718-0857.1
Debtor Counterparty Description of Rejected Contract or Lease
Date of Contract
Zenergy Brands, Inc. Houston Roofing Solutions, Inc.
Advisory, Consulting & Services Agreement
Zenergy Brands, Inc. M2 Compliance SEC Form Preperation Services
Enertrade Electric, LLC Logix Fiber Networks Service Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Friends of BARC, Inc. Charitable Contribution Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Case 19-42886 Doc 208-4 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitExhibit E - Rejected Executory Contracts Page 3 of 4
4838-1718-0857.1
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
Enertrade Electric, LLC (dba Shyne Energy, Zenergy)
Independent Contractor Agreement
NAUP Brokerage, LLC Viridian International Management, LLC
Channel Partner/Agent Direct Deposit Authorization
Case 19-42886 Doc 208-4 Filed 04/03/20 Entered 04/03/20 19:43:32 Desc ExhibitExhibit E - Rejected Executory Contracts Page 4 of 4