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and MMG were awarded the following:
−Removed: award in favor of MMG against Vivos under Note I (as defined in the Award) in the amount of $3,458, with interest thereon from June
+Added: award in favor of MMG against Vivos under Note I (as defined in the Award) in the amount of $3,458, with interest thereon from September
30, 2022, at the rate of 4.5% per year;
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Court as a result of the filing of a petition in bankruptcy by VREH is lifted or the bankruptcy proceeding is terminated;
−Removed: award in favor of MMG against Vivos under Note III (as defined in the Award) in the amount of $800, with interest thereon from June
+Added: award in favor of MMG against Vivos under Note III (as defined in the Award) in the amount of $800, with interest thereon from September
30, 2022, at the rate of 2.5% per year, plus collection costs, including reasonable attorneys’ fees, incurred in the effort
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9.06(d) of the Merger Agreement;
−Removed: award in favor of the Company against Naveen, Valleru, Janumpally, individually and as Trustee of Judos Trust, and Pathuri, as Trustee
−Removed: of Igly Trust, jointly and severally, for fraud damages in the amount of $4,327, plus interest thereon at the rate of 6% per year
−Removed: from the date of the Award, together with any out-of-pocket fees and expenses, including attorneys’ and accountants’
award appointing a Rehabilitative Receiver for the Company under the deadlock situation provisions of Section 11.404(a)(1)(B) of
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relief in favor of the Company and its officers and directors.
−Removed: 11.404(a)(1)(B) of the Texas Business Organizations Code provides for the appointment of a rehabilitative receiver when “the governing
−Removed: persons of the entity are deadlocked in the management of the entity’s affairs, the owners or members of the entity are unable
−Removed: to break the deadlock, and irreparable injury to the entity is being suffered or is threatened because of the deadlock.” With respect
to the receivership, the owners or holders of all of the shares of common stock of the Company received as a result of the conversion
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on the rights of the shareholders of the Company imposed by the Award shall be lifted.
−Removed: May 17, 2023, the Arbitrator issued an Amended and Supplemental Arbitration Award (the “Amended Award”) in which included
−Removed: the following:
−Removed: arbitrator will appoint a rehabilitative receiver under Maryland law in a Supplemental Award Appointing Rehabilitative Receiver;
−Removed: 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
−Removed: of 5.5% per year;
−Removed: the loss sustained by Reliability, Inc.
−Removed: in fraud damages (Award 6) is the same as the loss sustained by Reliability, Inc.’s
−Removed: wholly-owned subsidiary, Maslow Media Group, Inc., in the nonpayment of Notes I, II, and the Personal Guaranty (Awards 1, 2, and
−Removed: 4), there can be only one recovery.
−Removed: May 31, 2023, the arbitrator appointed a Rehabilitative Receiver in the above case, an assignment which the appointee accepted.
−Removed: await the Supplemental Order Appointing the Rehabilitative Receiver.
−Removed: June 16, 2023, we learned that the principal amount due on 22 Baltimore Road had been satisfied via sale and thus the Fairfax, Virginia
−Removed: court released the VREH confessed judgement;
−Removed: meaning MMG no longer was no longer listed as a guarantor.
−Removed: July 21, 2023, MMG filed a petition for attorney’s fees, as requested by the arbitrator.
−Removed: The arbitrator set the following remaining
−Removed: schedule for submitting petitions for attorney’s fees:
−Removed: Vivos Holdings LLC response on August 21, 2023 and our reply on September
+Added: May 17, 2023, the Arbitrator issued an Amended and Supplemental Arbitration Award (the “Amended Award”), which included the
+Added: will appoint a Rehabilitative Receiver in a Supplemental Award under Maryland law;
+Added: award in favor of MMG and against VREH under Note II in the amount of $835 as of September 30, 2022 with interest thereafter at the
+Added: rate of 5.5% per year.
+Added: June 16, 2023, we learned that the principal amount due on 22 Baltimore Road had been satisfied via bankruptcy sale and thus the Fairfax,
+Added: Virginia court released the VREH confessed judgement, meaning MMG was no longer listed as a guarantor.
+Added: Subsequently,
+Added: there were two supplemental awards issued by the Arbitrator on May 17, 2023 and October 10, 2023, the latter appointing a Rehabilitative
+Added: Receiver whose primary purpose is to collect the Award, and who also has been granted specified powers as described in the 8-K released
+Added: on October 19, 2023 as follows:
+Added: Board members at each annual meeting, until such time the receiver’s appointment terminates,
+Added: or approve the auditor,
+Added: reasonable compensation and incentive plans for employees, except officers, of Reliability, and
+Added: any other matter that is in the ordinary course of business.
+Added: Receiver shall vote in accordance with the Board’s recommendations for all actions taken by it in the ordinary course of business.
+Added: Receiver shall not have power to take any action to alter or change:
+Added: Board of Directors of Reliability,
+Added: corporate governance or structure of Reliability or Maslow, and
+Added: authorized or issued stock of Reliability.
+Added: October 27, 2023, the Arbitrator entered a third Supplemental Award of attorneys’ fees and expenses in favor of Reliability,
+Added: Incorporated., individually and as agent for Maslow Media Group, Inc.;
+Added: management and certain other named persons and parties
+Added: against Naveen Doki;
+Added: Silvija Valleru;
+Added: Shirisha Janumpally, individually and as Trustee of Judos Trust;
+Added: and Kaylan Pathuri,
+Added: individually and as Trustee of Igly Trust, jointly and severally, in the amount of $1,209.
following legal proceedings where Vivos Group borrowings impact MMG:
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Inc., SWC countersued all plaintiffs on September 30, 2019 seeking to collect the balance of $403 not paid by the Vivos Group.
−Removed: was not disclosed to Maslow Management or to Reliability before the Merger closed on October 29, 2019.
−Removed: has retained Counsel and has filed a motion to include all original parties to the SWC agreement, as two of the original parties were
−Removed: not in the original filings (HCRN & Media Solutions).
−Removed: Counsel for SWC requested an extension to the deadline to respond to this motion
−Removed: but has failed to respond before the extension deadline received.
−Removed: The motion is currently being considered by the court.
−Removed: has spent $59 on legal fees related to this matter.
+Added: not disclosed to Maslow Management or to Reliability before the Merger closed on October 29, 2019.
+Added: retained Counsel and filed a motion to include all original parties to the SWC agreement, as four of the original parties were not
+Added: in the original filings (HCRN 360 IT, and US IT & Media Solutions).
+Added: On September 11, 2023, we learned our motion was denied, however, on September 27, we filed a motion for reconsideration
+Added: on grounds our counsel felt were compelling.
+Added: The motion is currently being considered by
+Added: To date MMG has spent $65 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.