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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />Investments, Inc. proceeding (Case No. BC 484770), the Hon. James Chalfant, Judge, <br />presiding. Appearing on behalf of VDB and Ogulnick was Barry 11. King, Esq. <br />Robert H. B isno, Esq. appeared on behalf of Ryan Ogulnick. Don Howarth, Esq. and <br />Padraic Glaspy of the law firm of Howarth & Smith, appeared on behalf of Protilus <br />Investors, LLC, Barry L. Levine and Ari Schottenstein. Michael C. Schneidereit, Esq, <br />of Jones Day appeared on behalf of Ridgemount Investments, Inc. and David Ulmer. <br />After discussion between the Court and counsel regarding the status of the <br />proceedings and the proposed independent director for VDC, the Court made the <br />following orders: A <br />1. Appointmentof Receiver. Ja" WJA <br />( "Receiver ") is appointed as receiver for VDC At The Met, LLC, to take possession of <br />all property of said entity pending further order of the Court. <br />2. Receiver's Oath and Bond. The Receiver shall immediately, and <br />before performing any duties: <br />(l) execute and file a receiver's oath; and <br />(2) file the bond required by Code of Civil Procedure §567(b) in <br />the amount of $�. ! I D - A Pot'ryo n ltd �fc <br />3. Receiver's Fees. The Receiver may charge for the Receiver's <br />services no more than $_. _ per hour. G U M t A0Y fy� <br />r6Lvcs� Bl LiSc�S <br />4. Disclosure. The Receiver shall h r nedQQQQitaote disclose to a oarues <br />any financial relationship between the Receiver and any company hired to assist in the <br />management of the receivership property. <br />5. General Duties. After qualifying, the Receiver shall; <br />(a) take possession of and manage the propctty (being vacant <br />real property owned by VDC At The Met, LL,C) and manage the affairs of VDC <br />At The Mel, L. ,C so. as to,maxiinizenxer.®sds Qula.� of the vacant real <br />property his exts in'g loan, -i necessary to he <br />Reccivetr "ni:_r�ereasncta la4y. olatimize�c .uiaxirxiia¢- clx�nafie�th�v�Caat <br />-2- <br />756,10 <br />