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from providing any ruling relating to Note II in the arbitration case at the time of his award.
−Removed: August 24 , 2022, the Company filed a motion to stay the VREH Bankruptcy filing to allow the Arbitrator to rule on the claims
−Removed: against VREH.
+Added: August 24, 2022, the Company filed a motion to stay the VREH Bankruptcy filing to allow the Arbitrator to rule on the claims against
The motion to lift the stay was granted by the court on September 16, 2022 after the initial award by the Arbitrator.
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on the rights of the shareholders of the Company imposed by the Award shall be lifted.
−Removed: parties to the Arbitration filed their requests related to the Supplemental Award and the assignment of a Receiver to the Arbitrator
−Removed: on November 23, 2022.
−Removed: The Company does not have a definitive date by which it will receive the supplemental award identified in the Arbitration
−Removed: Award dated August 31, 2022, but hopes it will be received before the end of the second quarter 2023.
−Removed: following legal proceedings where Vivos Group borrowings impacting MMG:
−Removed: August 2, 2022, VREH filed for Chapter 11 Bankruptcy in the U.S.
−Removed: Bankruptcy Court for the District of Maryland.
−Removed: The Automatic stay imposed
−Removed: by bankruptcy law prevented the Arbitrator from providing any ruling relating to Note II in the arbitration case at the time of his award.
−Removed: August 24 , 2022, the Company filed a motion to modify the automatic stay in the VREH Bankruptcy case filing to allow the Arbitrator
−Removed: to rule on the Company’s claims against VREH.
−Removed: The Court granted the motion to modify the stay on September 16, 2022, after the
−Removed: initial award by the Arbitrator.
−Removed: The parties submitted material for clarification of the Award on March 7, 2023, and March 20, 2023,
−Removed: which included proposed language for an award to be entered against VREH, in light of the bankruptcy court order lifting the stay.
+Added: May 17, 2023, the Arbitrator issued an Amended and Supplemental Arbitration Award (the “Amended Award”) in which included
+Added: the following:
+Added: arbitrator will appoint a rehabilitative receiver under Maryland law in a Supplemental Award Appointing Rehabilitative Receiver;
+Added: award in favor of MMG and against VREH under Note II in the amount of $835,156 as of June 30, 2022, with interest thereafter at the rate
+Added: of 5.5% per year;
+Added: the loss sustained by Reliability, Inc.
+Added: in fraud damages (Award 6) is the same as the loss sustained by Reliability, Inc.’s
+Added: wholly-owned subsidiary, Maslow Media Group, Inc., in the nonpayment of Notes I, II, and the Personal Guaranty (Awards 1, 2, and
+Added: 4), there can be only one recovery.
+Added: May 31, 2023, the arbitrator appointed a Rehabilitative Receiver in the above case, an assignment which the appointee accepted.
+Added: await the Supplemental Order Appointing the Rehabilitative Receiver.
+Added: June 16, 2023, we learned that the principal amount due on 22 Baltimore Road had been satisfied via sale and thus the Fairfax, Virginia
+Added: court released the VREH confessed judgement;
+Added: meaning MMG no longer was no longer listed as a guarantor.
+Added: July 21, 2023, MMG filed a petition for attorney’s fees, as requested by the arbitrator.
+Added: The arbitrator set the following remaining
+Added: schedule for submitting petitions for attorney’s fees:
+Added: Vivos Holdings LLC response on August 21, 2023 and our reply on September
+Added: following legal proceedings where Vivos Group borrowings impact MMG:
September 2022, MMG learned that Vivos IT, LLC lawsuit against Second Wind Consultants (“SWC”) in May 2019 included MMG as
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and US IT Solutions,
−Removed: Inc., SWC countersued all plaintiffs on September 30th, 2019 seeking to collect the balance of $403 not paid by the Vivos Group.
+Added: Inc., SWC countersued all plaintiffs on September 30, 2019 seeking to collect the balance of $403 not paid by the Vivos Group.
was not disclosed to Maslow Management or to Reliability before the Merger closed on October 29, 2019.
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The motion is currently being considered by the court.
+Added: has spent $59 on legal fees related to this matter.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.