Case 26-11681Dkt. 51Filed 2026-11-05PDF page 14 of 81
…Interim Borrowing Authority. The FitLab Debtors are authorized to borrow, and the FitLab DIP Lender is authorized to fund, the Interim Draw of $2,150,000 (plus applicable interest, premiums, fees (including professional fees and expenses), costs, expenses, charges and other amounts payable hereunder and under the DIP Term Sheet), subject to the terms and conditions (including any payment priorities and any availability limitations and conditions precedent to such DIP Borrowing) set forth in the DIP Term Sheet and this Interim Order.
... DIP Loans shall bear interest at 12.0% per annum, accrued as simple interest on outstanding principal actually advanced, and payable in cash at maturity; upon the occurrence and during the continuation of an Event of Default, the DIP Loans shall bear additional interest at 3.0% per annum on affected outstanding DIP Loans, payable in cash monthly in arrears.…
Case 26-20515Dkt. 680Filed 2026-11-05PDF page 2 of 6
…That at the sale hearing the highest/best offer received was that of Velocity Boiler Works, LLC, and no objections to the sale were made that would result in cancellation of the sale.
... NOW THEREFORE, it is hereby ORDERED, ADJUDGED, AND DECREED that the private sale of the machinery, equipment, vehicles, and other personal property identified in Schedule 1 to the Bill of Sale attached to the Motion (Doc. No. 591) is hereby APPROVED AND AUTHORIZED to Velocity Boiler Works, LLC, 3633 I Street, Philadelphia, PA 19134 for $255,100.00, free and clear of liens, claims, interests, and encumbrances to the extent authorized under 11 U.S.C. § 363(f) and this Order, and, that the Debtor is authorized to make, execute and deliver to the Purchaser above named the necessary Bill of Sale, certificates of title, and/or other documents required to transfer Assets to the Buyer in accordance with the terms of the Bill of Sale and this Order;…