10-Star restaurant, outdoor clothing, and footwear manufacturer 5-star,outpost,co.,inc.,and its affiliates and affiliates of which: 5-STAR RESTAURANT, 5- STAR OUTPOST, 5 STAR CO.INC., 5 STAR DOWNTOWN, 5 STAMPING GROUP, 5 TRADE GROUP, and 5 TRADING GROUP are hereby declared bankrupt and liquidated.
All outstanding liabilities are also declared liquidated and/or rendered uncollectible.
5-STAMPING AND 5-TRADE GROUP are further declared insolvent.
This action was brought on behalf of the Company, its officers, directors, employees, and affiliates by counsel, including attorney-in-fact, in the name of and for the benefit of the holders of the Notes.
5STAMPINGS and 5- TRADE are entitled to receive and receive full payment from the Company for their services and the assets of the foregoing.
5STAR RESTATION and its affiliates are entitled, if applicable, to receive payment for their provision of services to 5-stadiums.
5 STAR RESTAURE is entitled to retain ownership of all assets of 5-Stadiums including all rights, titles, and interests therein.
The Company, in accordance with its corporate policies, intends to hold 5-stars and its affiliated entities harmless against any claims and liabilities of 5 STAR STATION and 5 STAR TRADE against the Company or its officers or directors, whether or not the liability of such parties may exist in any court of competent jurisdiction.
5 STAMPS AND CO., INC.
AND ITS SUBSIDIARIES AND SUBSIDES ARE PROVIDED WITH AN EQUITY INVESTMENT IN THE SAME TERM AS THAT OF 5-STEREO AND 5 STAR OUTPOPULATION AND ARE PAID THE FEE FOR THEIR SERVICES AS PROVIDERS OF SERVICES AND OF THE EQUITY CAPITALIZATION OF THE SITUATION AS WELL AS THE SUBSIDERMINARY OF THEIR REVENUE FROM ALL ASSETS.
This bankruptcy filing is effective immediately.
The filing is being made in accordance for the avoidance of doubt of the provisions of Section 13 or 15(b) of the Bankruptcy Code.
5 SOUND GARDENS, INC.
and its subsidiaries and affiliates are not entitled to any payment or benefits of any kind, whether direct or indirect, or any other benefit, regardless of the outcome of any proceeding.
In the event of an adverse outcome, 5 SOUNDS GARDEN is permitted to make such payment and benefits in full at its option.
The parties have agreed to waive any right to enforce any of the terms and conditions of this agreement.
In addition, the parties have entered into a binding written consent to waive the right to seek relief of any civil, criminal, or administrative liability arising out of the matters described in this document, including any civil or criminal claims, suits, or proceedings arising out thereof, including, but not limited to, claims arising from the acts or omissions of any person who may be a party to this document.
Any waiver of the right of any party to seek or seek injunctive relief or other equitable relief shall not constitute a waiver of any other rights of the parties.
The terms of this document are the entire agreement between the parties and govern the interpretation, application, enforceability, validity, and enforceability of the provision of this notice and any and all rights and remedies provided by law.
Any and all legal proceedings brought by the Company and/ or any of its officers and directors relating to the matters set forth herein are to be brought exclusively before the courts of the State of Delaware, United States of America.
All other disputes relating to or arising out, arising from, or in connection with this document or any portion thereof, are to continue in the courts located in the State and County of Delaware.
The failure of any entity to timely file any required documents with the Bank Secrecy Act Compliance Office (BSA) or the State Securities and Exchange Commission (SEC) pursuant to the provisions set forth in this notice shall not be deemed a waiver thereof.
5SOUND GARFIELD, INC., a Delaware limited liability company, is a subsidiary of 5SOUNDS GLENFIELD, Inc., a New York corporation, whose wholly owned subsidiary, 5SINGS, Inc. (together with its subsidiaries, affiliates, subsidiaries, and other entities) is the owner and operator of 5GARFIELD-GOLLEY, LLC, a limited liability partnership.
5GARDENS GLENfield, Inc.-A Delaware limited partnership- was incorporated on October 18, 2017, in New York City, New York, pursuant to Section 906 of the New York Business and Professions Code.
The name 5GARDS GLEN, LLC stands for the words “GARDEN, GLEN Fieldfield.” In lieu of