Google Inc. et al v. Egger et al

Filing 65

Declaration of FRANCIS C. HO in Support of 64 MOTION to Strike 42 MOTION to Dismiss , Transfer or Stay filed byYahoo! Inc.. (Attachments: # 1 Exhibit A, # 2 Exhibit B, # 3 Exhibit C, # 4 Exhibit D, # 5 Exhibit E, # 6 Exhibit F, # 7 Exhibit G, # 8 Exhibit H, # 9 Exhibit I, # 10 Exhibit J, # 11 Exhibit K, # 12 Exhibit L, # 13 Exhibit M, # 14 Exhibit N)(Related document(s) 64 ) (Hung, Richard) (Filed on 1/20/2009)

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I 2 3 C R A I G M. PRIM (077820) J A N I C E M . M U R R A Y (099996) S T E P H E N T. O ' N E I L L (115132) M U R R A Y & MURRAY A Professional C o r p o r a t i o n 3 0 3 0 Hansen Way, Suite 2 0 0 ( 6 5 0 ) 852-9000 FiLED A-PR 2 52000 f < E E N A N G. C/\61'\DY, C L E . R K U n i t e d S l a l e s BankruptCy CgYrt 4~ _"P~{LAltQ,.CA.94304~1009 San :In(i~ r~9.liffH'fl:~ U N I T E D STATES B A N K R U P T C Y C O U R T N O R T H E R N DISTRICT O F C A L I F O R N I A SAN JOSE D I V I S I O N Debtor. .~ Case No. 99-'50736-JRG-II Chapter I I ) --------------) l DEBTOR'S FIRST AMENDED PLAN OF REORGANIZATION D a t e d A p r i l 2 5 , 2000 20 21 22 23 24 25 26 27 28 JMM:slb-08 D E B T O R ' S P L A N O F REORGANIZATION I:\DAlL Y\TMM\SITE lan-reorg.pl-I. wpd 1 o t h e r w i s e be canceled and extinguished on the Distribution Date. 6.5 2 3 Class 5 Interests (Options and Warrants). T h e holders, as o f the Effective Date, o f outstanding untenninated o p t i o n s and warrants to acquire the D e b t o r ' s c o m m o n stock shall 4 . r e c e i v e n o t h i n g u n d e r t h e P l a n a n d t h e i r r e s p e e t i v e i n t e r e s t s shall o t h e r w i s e b e c a n c e l e d a n d 5 e x t i n g u i s h e d o n t h e E f f e c t i v e Date. 6 7 7.1 7. M E A N S F O R I M P L E M E N T A T I O N O F T H E P L A N L i q u i d a t i o n P r o c e e d s ; R e m a i n i n g Assets. P r o c e e d s f r o m t h e s a l e o f t h e 8 9 S t a r B a s e stock, t h e auction a n d the Blum compromise will b e t h e primary s o u r c e o f funds for e x e c u t i o n o f t h e Plan. A n y o t h e r a s s e t s o f t h e D e b t o r ( e . g . , A v o i d a n c e C l a i m s ) s h a l l b e liquidated as appropriate, e x c e p t for those assets w h i c h the R e s p o n s i b l e P e r s o n determines to be b u r d e n s o m e o r o f i n c o n s e q u e n t i a l value, w h i c h a s s e t s will b e a b a n d o n e d . 7.2 D i s b u r s e m e n t o f Funds. T h e Debtor shall m a k e t h e payments to all creditors 10 11 w i t h Allowed Claims. T h e D e b t o r shall w i r e transfer the balance o f funds designated for shareholders to t h e Transfer A g e n t with appropriate instructions f r o m the Responsible Person directing the Transfer A g e n t t o make a pro r a t a distribution to shareholders o f record as o f the D i s t r i b u t i o n Date. 7.3 R e s p o n s i b l e Person. A. Jeffrey F. Ait ("Ait"), the Debtor's C h i e f Executive Officer and Chief Financial Officer, shall be designated as the Responsible Person. T h e Responsible Person shall 20 21 b e compensated o n an hourly basis at an· hourly rate n o t to exceed $ 2 0 0 . 0 0 from and after the Effective Date. T h e Responsible Person may, in his discretion, employ such other persons as m a y b e necessary to assist him in this Case. In the event that Ait is unable to serve as the R e s p o n s i b l e Person, the Debtor's Board o f Directors will appoint an individual to serve as the R e s p o n s i b l e Person. B. The Responsible Person, on b e h a l f o f t h e Debtor, is authorized to 22 23 24 25 26 27 28 liquidate t h e remaining assets o f t h e Bankruptcy Estate and/or a b a n d o n such assets as the R e s p o n s i b l e Person determines to b e burdensome o r o f inconsequential v a l u e to the Bankruptcy Estate. T h e Responsible P e r s o n may enforce any claims and prosecute any causes o f action in D E B T O R ' S P L A N O F REORGANIZATION JMMslb-08 I:\DAIL Y \ J M M \ S I T E \ lan-reorg. p I - I . ",pd -12- 1 2 3 favor o f t h e Bankruptcy Estate, including, w i t h o u t limitation, any actions u n d e r Sections 510, 5 4 2 , 5 4 3 , 5 4 4 , 5 4 5 , 5 4 7 , 5 4 8 a n d 549 o f t h e B a n k r u p t c y C o d e . C. T h e Responsible Person may r e v i e w a n d object to C l a i m s and Interests, · 4 · enter into compromises to allow and satisfy D i s p u t e d C l a i m s a n d Disputed Interests and settle 5 6 7 8 9 10 11 ~ N and liquidate any claim or c a u s e o f action that the D e b t o r may h a v e against a third party. D. T h e Responsible Person is authorized to retain, employ and utilize such professionals as may b e necessary without further approval o f t h e Bankruptcy Court. E. T h e R e s p o n s i b l e P e r s o n shall r e v i e w a n d approve the D i s t r i b u t i o n amounts to Creditors and to the Transfer A g e n t (on b e h a l f o f shareholders o f record as o f the Distribution Date) and shall be responsible for making, or causing to be made, Distributions pursuant to the Plan. F. T h e Responsible Person shall b e responsible for m o v i n g for the entry o f ........ 00 12 13 14 ~ '" a final decree in this c a s e and preparing and filing status reports as may be required by the B a n k r u p t c y C o u r t i n c o n n e c t i o n w i t h t h e final d e c r e e . T h e R e s p o n s i b l e P e r s o n s h a l l b e discharged from all duties and responsibilities o f the Plan u p o n the issuance o f the final decree. T h e R e s p o n s i b l e Person shall be entitled to destroy all records in his possession u p o n entry o f the final decree, except such corporate formation documents, m i n u t e s and other records as the R e s p o n s i b l e Person considers to be material and original executed copies o f documents filed with the Securities and E x c h a n g e Commission, all o f w h i c h shall be retained for five (5) years, and tax returns and related records, which shall b e retained for s i x (6) years; provided, however, that i n any event, such records as required by the Internal R e v e n u e Service shall b e retained at least until April 15, 2004. G. ~._ ~.~ ~ ~ ~ N ~ g '" ~ 8 ~s °~ . ~8 :;:.~~;; ;~ gt31 15 16 17 18 19 20 21 22 23 24 I'f ~ ~"~l)g@ .- ~eo~s< ;;:>:;".".""~"';::;: , " : :.0 " " ' " ~, ~ ~ ~~":oot:l § ~ 0-~:·-::: ;.!:: e en ~ 0 z ~~ "~" ~ T h e Responsible Person shall do all things necessary and appropriate to assist t h e D e b t o r in fulfilling the duties and obligations o f t h e D e b t o r under the P l a n and fully 2 5 . administering the Bankruptcy Estate as required by the Plan, t h e Confirmation Order, the 26 27 28 B a n k r u p t c y C o d e a n d t h e B a n k r u p t c y Rules. 7.4 E x p e d i t e d P r o c e d u r e for C o m p r o m i s e o f C o n t r o v e r s y , S a l e o r A b a n d o n m e n t . Subject t o the notice procedures set forth in this Section, t h e Responsible Person is authorized to DEBTOR'S P L A N OF REORGANIZATION JMJvl:slb-08 I : \ D A l l .Y \ l M M \ S I T E \ l a n - r e o r g . p l - l . w p d -13- professional, t h e R e s p o n s i b l e Person s h a l l timely pay the undisputed p o r t i o n o f such fees and 2 3 e x p e n s e s a n d shall r e s e r v e monies in t h e a m o u n t o f the disputed fees and e x p e n s e s pending r e s o l u t i o n o f said o b j e c t i o n by (i) w r i t t e n a g r e e m e n t b e t w e e n the party r e q u e s t i n g such fees and 4 - e x p e n s e s a n d t h e d i s p u t i n g party, o r ( i i ) r e s o l u t - i o n o f t h e d i s p u t e d a m o u n t b y t h e · B a n k r u p t c y 5 C o u r t p u r s u a n t t o a F i n a l O r d e r . P r o f e s s i o n a l s s h a l l n o t o t h e r w i s e b e r e q u i r e d t o file a p p l i c a t i o n s f o r C o u r t a p p r o v a l o f p o s t - C o n f i r m a t i o n f e e s and expenses. 7.7 A m e n d m e n t o f C h a r t e r to Prohibit t h e Issuance o f N o n - V o t i n g Equity 6 7 8 9 10 11 12 Securities. P u r s u a n t to t h e r e q u i r e m e n t s o f S e c t i o n 1 123 (a)(6) o f the B a n k r u p t c y Code, t h e C e r t i f i c a t e o f I n c o r p o r a t i o n o f the D e b t o r shall be, and it hereby is d e e m e d a m e n d e d as o f the E f f e c t i v e D a t e to c o n f o r m to t h e B a n k r u p t c y C o d e p r o v i s i o n w h i c h p r o h i b i t s t h e i s s u a n c e o f n o n v o t i n g e q u i t y s e c u r i t i e s and requires, a m o n g o t h e r things, t h e d i s t r i b u t i o n o f v o t i n g p o w e r e q u i t a b l y a m o n g t h e classes o f voting securities. 7.8 U n c l a i m e d Property. W i t h r e s p e c t to each AJJowed C l a i m and Allowed 13 I n t e r e s t , t h e e x i s t e n c e o f U n c l a i m e d P r o p e r t y o n t h e 9 0 t h day f o l l o w i n g a D i s t r i b u t i o n s h a l l c a u s e t h e r e s p e c t i v e A l l o w e d Claim or A l l o w e d Interest to b e disallowed, a n d t h e a m o u n t o f the U n c l a i m e d P r o p e r t y s h a l l b e c o m e a v a i l a b l e f o r d i s t r i b u t i o n p u r s u a n t to t h e P l a n . 7.9 D i s s o l u t i o n o f C o r p o r a t i o n . P u r s u a n t to authority c o n t a i n e d i n Section 1400 o f t h e C a l i f o r n i a C o r p o r a t i o n s C o d e , t h e D e b t o r s h a l l b e d i s s o l v e d and i t s c o r p o r a t e e x i s t e n c e t e r m i n a t e d w i t h o u t further corporate a c t i o n u p o n the entry o f a final d e c r e e in this case pursuant 20 21 22 23 24 25 to R u l e 3 0 2 2 o f the Bankruptcy Rules. T h e Confirmation O r d e r shall b e d e e m e d an order a u t h o r i z i n g and directing the R e s p o n s i b l e P e r s o n to file a certificate o f d i s s o l u t i o n as required by S e c t i o n 1401 o f t h e C a l i f o r n i a C o r p o r a t i o n s C o d e and the Responsible P e r s o n shall file s u c h c e r t i f i c a t e concurrently w i t h the r e q u e s t for entry o f a final decree. 8. E X E C U T O R Y C O N T R A C T S A N D U N E X P I R E D L E A S E S 8.1 A s s u m p t i o n o f E x e c u t o r y Contracts. E x c e p t as p r e v i o u s l y provided by 26· 27 28 )MM:slb-08 B a n k r u p t c y C o u r t order, no other e x e c u t o r y c o n t r a c t o r unexpired lease w i l l b e assumed by the Debtor. 8.2 R e j e c t i o n o f E x e c u t o r y C o n t r a c t s a n d U n e x p i r e d L e a s e s . W i t h o u t a d m i t t i n g the D E B T O R ' S P L A N O F REORGANIZATION I:\DAIL Y\JMM\SITE\ lan-reorg. p i - I . wpd -15-

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