Court File No. CV-20-00642970-00CL ONTARIO SUPERIOR

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Court File No. CV-20-00642970-00CL

ONTARIO

SUPERIOR COURT OF JUSTICE

(COMMERCIAL LIST)

THE HONOURABLE

JUSTICE GILMORE

)

MONDAY, THE 27th

DAY OF JULY, 2020

IN THE MATTER OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT,

R.S.C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF

GNC HOLDINGS, INC., GENERAL NUTRITION CENTRES COMPANY, GNC PARENT

LLC, GNC CORPORATION, GENERAL NUTRITION CENTERS, INC., GENERAL

NUTRITION CORPORATION, GENERAL NUTRITION INVESTMENT COMPANY,

LUCKY OLDCO CORPORATION, GNC FUNDING INC., GNC INTERNATIONAL

HOLDINGS INC., GNC CHINA HOLDCO, LLC, GNC HEADQUARTERS LLC,

GUSTINE SIXTH AVENUE ASSOCIATES, LTD., GNC CANADA HOLDINGS, INC.,

GNC GOVERNMENT SERVICES, LLC, GNC PUERTO RICO HOLDINGS, INC. and

GNC PUERTO RICO, LLC (the “Debtors”)

APPLICATION OF GNC HOLDINGS, INC.,

UNDER SECTION 46 OF THE

COMPANIES’ CREDITORS ARRANGEMENT ACT

RECOGNITION ORDER

(RECOGNITION OF SECOND DAY ORDERS IN FOREIGN MAIN PROCEEDING)

THIS MOTION, made by GNC Holdings, Inc. (“GNC Holdings”) in its capacity as

the foreign representative (the “Foreign Representative”) of the Debtors, pursuant to the

Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”) for

an order substantially in the form enclosed in the Motion Record was heard by judicial

videoconference via Zoom at Toronto, Ontario due to the COVID-19 pandemic.

ON READING the Notice of Motion, the affidavit of Andrea Das-Wieczorek affirmed

July 22, 2020 (the “Das-Wieczorek Affidavit”), the further affidavit of Andrea Das-

Wieczorek affirmed July 23, 2020 (the “Das-Wieczorek Affidavit”), the First Report of the

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Information Officer and the factum of the Foreign Representative, and upon hearing

submissions of counsel for the Foreign Representative, the Information Officer, and those

other parties present, no one appearing for any other person on the service list, although

properly served as appears from the Affidavits of Service of Leora Jackson affirmed July 22,

2020, the Affidavits of Service of John Giofu sworn July 22, 2020 and July 23, 2020 and the

Affidavit of Service of Cathy Pellegrini sworn July 23, 2020 and upon being advised that no

other persons were served with the aforementioned materials;

SERVICE AND DEFINITIONS

1. THIS COURT ORDERS that the time for service of the Notice of Motion and the

Motion Record is hereby abridged and validated so that this Motion is properly returnable

today and hereby dispenses with further service thereof.

2. THIS COURT ORDERS that capitalized terms used herein and not otherwise defined

have the meaning given to them in the Das-Wieczorek Affidavit affirmed July 22, 2020.

RECOGNITION OF SECOND DAY ORDERS

3. THIS COURT ORDERS that the following orders of the U.S. Court made in the

Chapter 11 Cases are hereby recognized and given full force and effect in all provinces and

territories of Canada pursuant to section 49 of the CCAA:

(a) the final Order (a) authorizing continued use of existing cash management

system, including maintenance of existing bank accounts, checks, and business

forms, (b) authorizing continuation of existing deposit practices, (c)

authorizing continuation of intercompany transactions, and (d) granting

administrative claim status to postpetition intercompany claims (“Final Cash

Management Order”);

(b) the final Order authorizing payment of certain prepetition critical vendor

claims (“Final Critical Vendors Order”);

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prepetition customer programs and (ii) pay prepetition obligations related

thereto (“Final Customer Programs Order”);

(d) the final Order (i) authorizing the Debtors to (a) obtain senior secured

postpetition financing, (b) grant liens and superpriority administrative expense

status, (c) use cash collateral of prepetition secured parties, and (d) grant

adequate protection to prepetition secured parties, (ii) schedule a final hearing

pursuant to Bankruptcy Rules 4001(b) and 4001(c), and (iii) granting related

relief (the “Final DIP Order”);

(e) the final Order establishing certain notice and hearing procedures for transfers

of, or worthlessness deductions with respect to, common stock and convertible

preferred stock of GNC Holdings (“Final Equity Trading NOL Order”);

(f) the final Order authorizing the Debtors to (a) pay prepetition insurance

obligations and prepetition bonding obligations and (b) maintain their

postpetition insurance coverage and bonding program (“Final Insurance

Order”);

(g) the final Order authorizing payment of prepetition lien claims and import

claims and (b) confirming administrative expense priority of outstanding

orders (“Final Lien and Import Claims Order”);

(h) the final Order (a) approving procedures for store closing sales, (b) authorizing

customary bonuses to employees of closing stores (c) authorizing assumption

of the consulting agreements, and (d) granting related relief (“Final Store

Closing Order”);

(i) the final Order authorizing payment of prepetition taxes and fees (“Final Tax

Order”);

(j) the final Order (a) prohibiting utility companies from altering or discontinuing

service on account of prepetition invoices, (b) approving deposit as adequate

assurance of payment, (c) establishing procedures for resolving requests by

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utility companies for additional assurance of payment, and (d) authorizing

payment of any prepetition service fees (“Final Utilities Order”);

(k) the final Order (a) authorizing payment of certain prepetition workforce

obligations, (b) authorizing continuance of workforce programs, (c)

authorizing payment of withholding and payroll-related taxes, and (d)

authorizing payment of prepetition claims owing to workforce program

administrators (“Final Wages Order”);

(l) Orders (a) establishing bar dates and related procedures for filing proofs of

claim (including for claims arising under section 503(b)(9) of the Bankruptcy

Code) and (b) approving the form and manner of notice thereof (“Bar Date

Order”);

(m) Order approving (i) the bidding procedures in connection with the sale of all,

substantially all of the debtors’ assets, (ii) the procedures for the assumption

and assignment of executory contracts and unexpired leases, (iii) the form and

manner of notice of the sale hearing, assumption procedures, and auction

results, (iv) dates for an auction and sale hearing and (v) granting related relief

(“Bidding Procedures Order”);

(n) First (1

) Omnibus Order (a) authorizing rejection of certain unexpired leases

effective as of the Petition Date and (b) granting related relief (“First

Omnibus Order to Reject Certain Unexpired Leases”); and

(o) Third (3

) Omnibus Order (a) authorizing rejection of certain unexpired leases

effective as of the Petition Date and (b) granting related relief (“Third

Omnibus Order to Reject Certain Unexpired Leases”);

attached as Schedules A through O to this Order.

4. THIS COURT ORDERS that the Supplemental Order (Foreign Main Proceeding)

dated June 29, 2020 be and is hereby amended to change all references to the term “DIP

Order” in paragraphs 7, 20, 21 and 24 therein to “Final DIP Order”.

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GENERAL

5. THIS COURT HEREBY REQUESTS the aid and recognition of any court, tribunal,

regulatory or administrative body having jurisdiction in Canada or in the United States of

America to give effect to this Order and to assist the Debtors, the Foreign Representative, the

Information Officer, and their respective counsel and agents in carrying out the terms of this

Order. All courts, tribunals, regulatory and administrative bodies are hereby respectfully

requested to make such orders and to provide such assistance to the Debtors, the Foreign

Representative, and the Information Officer, the latter as an officer of this Court, as may be

necessary or desirable to give effect to this Order, or to assist the Debtors, the Foreign

Representative, and the Information Officer, and their respective counsel and agents in

carrying out the terms of this Order.

6. THIS COURT ORDERS that each of the Debtors, the Foreign Representative, and the

Information Officer be at liberty and is hereby authorized and empowered to apply to any

court, tribunal, regulatory or administrative body, wherever located, for the recognition of this

Order and for assistance in carrying out the terms of this Order.

7. THIS COURT ORDERS that any interested party may apply to this Court to vary or

amend this Order or seek other relief on not less than seven (7) days’ notice to the Debtors,

the Foreign Representative, the Information Officer and its respective counsel, and to any

other party or parties likely to be affected by the order sought, or upon such other notice, if

any, as this Court may order.

8. THIS COURT ORDERS that this Order shall be effective as of 12:01 a.m. Eastern on

the date of this Order.

___________________________________

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re:

GNC HOLDINGS, INC., et al.,

Debtors.

)

Chapter 11

Case No. 20-11662 (KBO)

(Jointly Administered)

Re: Docket Nos. 17 & 132

FINAL ORDER (A) AUTHORIZING CONTINUED USE OF EXISTING CASH

MANAGEMENT SYSTEM, INCLUDING MAINTENANCE OF EXISTING

BANK ACCOUNTS, CHECKS, AND BUSINESS FORMS, (B) AUTHORIZING

CONTINUATION OF EXISTING DEPOSIT PRACTICES, (C) AUTHORIZING

CONTINUATION OF INTERCOMPANY TRANSACTIONS, AND (D) GRANTING

ADMINISTRATIVE CLAIM STATUS TO POSTPETITION INTERCOMPANY CLAIMS

Upon the motion [Docket No. 17] (the “Motion”)

of the Debtors for an order (this “Final

Order”), (a) authorizing, but not directing, the Debtors to continue to maintain and use their

existing cash management system, including maintenance of existing bank accounts, checks, and

business forms; (b) granting the Debtors an extension of time to comply with certain bank account

and related requirements of the U.S. Trustee to the extent that such requirements are inconsistent

with the Debtors’ practices under their Cash Management System or other actions described in the

Motion or herein; (c) authorizing, but not directing, the Debtors to continue to maintain and use

The debtors in these chapter 11 cases, along with the last four digits of each debtor’s United States federal tax

identification number, if applicable, or other applicable identification number, are: GNC Holdings, Inc. (6244);

GNC Parent LLC (7572); GNC Corporation (5170); General Nutrition Centers, Inc. (5168); General Nutrition

Corporation (4574); General Nutrition Investment Company (3878); Lucky Oldco Corporation (7141); GNC

Funding, Inc. (7837); GNC International Holdings, Inc. (9873); GNC China Holdco, LLC (0004); GNC

Headquarters LLC (7550); Gustine Sixth Avenue Associates, Ltd. (0731); GNC Canada Holdings, Inc. (3879);

General Nutrition Centres Company (0939); GNC Government Services, LLC (2295); GNC Puerto Rico

Holdings, Inc. (4559); and GNC Puerto Rico, LLC (7234). The debtors’ mailing address is 300 Sixth Avenue,

Pittsburgh, Pennsylvania 15222.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the

Motion.

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Schedule A

their existing deposit practices; (d) authorizing, but not directing, the Debtors to continue certain

ordinary course intercompany transactions; and (e) according administrative claim status to

postpetition intercompany claims arising from certain of these transactions; and this Court having

reviewed the Motion, the First Day Declaration and the Interim Order [Docket No. 132] entered

on June 25, 2020; and this Court having determined that the relief requested in the Motion is in

the best interests of the Debtors, their estates, their creditors, and other parties in interest; and this

Court having jurisdiction to consider the Motion and the relief requested therein in accordance

with 28 U.S.C. §§ 157 and 1334 and the Amended Standing Order of Reference from the United

States District Court for the District of Delaware dated as of February 29, 2012; and consideration

of the Motion and the relief requested therein being a core proceeding under 28 U.S.C. § 157(b)(2);

and this Court having authority to enter a final order consistent with Article III of the United States

Constitution; and venue being proper before this Court under 28 U.S.C. §§ 1408 and 1409; and it

appearing that proper and adequate notice of the Motion has been given and that no other or further

notice is necessary; and a hearing having been held to consider the relief requested in the Motion

(the “Hearing”); and upon the First Day Declaration and the record of the Hearing and all the

proceedings before this Court; and after due deliberation thereon; and good and sufficient cause

appearing therefor, it is hereby

ORDERED, ADJUDGED AND DECREED THAT:

1. The Motion is GRANTED, on a final basis as set forth herein.

2. The Debtors are authorized, but not directed, to continue to use their current

existing Cash Management System and shall maintain through the use thereof detailed records

reflecting all transfers of funds, all under the terms and conditions provided for by, and in

accordance with, the existing cash management agreements, except as modified by this Final

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Order. In connection with the ongoing utilization of the Cash Management System, the Debtors

shall maintain accurate and detailed records with respect to all transfers, including with respect to

postpetition Intercompany Claims and Intercompany Transactions, so that all transactions can be

readily ascertained, traced, properly recorded, and distinguished between prepetition and

postpetition transactions.

3. The Debtors are authorized, but not directed, to continue to engage in Intercompany

Transactions – including scheduled distributions from GNC Puerto Rico, LLC to GNC Live Well

Ireland (as described in paragraph 13 of the Motion) (the “LWI Distributions”) – on a postpetition

basis and to make payments to, or set off amounts owed from, the applicable Debtor or non-Debtor

affiliate on account of postpetition Intercompany Claims, in a manner consistent with their

practices in effect as of the Petition Date in the ordinary course of business or as necessary to

execute the Cash Management System; provided that to the extent that the Debtors intend to make

cash transfers other than the LWI Distributions from a Debtor to a non-Debtor affiliate that will

exceed $20,000 in any calendar month, the Debtors shall provide advance notice and an

opportunity to object to the U.S. Trustee, counsel to the official committee of unsecured creditors

appointed in these Chapter 11 Cases (the “Committee”), counsel to the Ad Hoc Group of Crossover

Lenders, and counsel to any stalking horse bidder approved by this Court in connection with a sale

of the Debtors’ assets (the “Stalking Horse Bidder”).

4. The Debtors are authorized to (a) continue to use the Bank Accounts at the Banks

in existence as of the Petition Date in the same manner and with the same account numbers, styles,

and document forms as are currently employed and subject to the existing cash management

agreements with the Banks; (b) deposit funds in and withdraw funds from the Bank Accounts in

the ordinary course by all usual means, including checks, wire transfers, drafts, ACH Payments,

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and electronic funds transfers or other items presented, issued, or drawn on the Bank Accounts;

arising prior to the Petition Date; (d) perform their obligations under the documents and

agreements governing the Bank Accounts; and (e) for all purposes, treat the Bank Accounts as

accounts of the Debtors in their capacities as debtors in possession.

5. Those certain existing cash management agreements between the Debtors and the

Banks shall continue to govern the postpetition cash management relationship between the Debtors

and the respective Bank, and all of the provisions of such agreements, including the termination,

chargeback, and fee provisions, offset rights and all other rights and remedies afforded under such

agreements, shall remain in full force and effect, and the Debtors and the Banks may, without

further order of this Court, agree to and implement changes to the Cash Management System and

procedures related thereto in the ordinary course of business, and any other legal rights afforded

to the Banks under applicable law shall be preserved.

6. The Debtors are authorized, but not directed, to continue to operate under the

Payment Processing Program. The Debtors are authorized to pay or reimburse the Payment

Processing Providers for all applicable fees and other applicable charges, whether arising

prepetition or postpetition, and the Payment Processing Providers are authorized to receive or

obtain payment for such fees and charges as provided under, and in the manner set forth in, the

applicable payment processing agreements. Any postpetition claim which a Payment Processing

Processor may have shall be entitled to, in addition to any other lien, collateral or payment priority

rights in support thereof, administrative expense priority status pursuant to Section 503(b) of the

Bankruptcy Code.

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7. The Banks and the Debtors’ financial institutions shall be, and hereby are,

authorized (a) when requested by the Debtors in their sole discretion, to process, honor, pay, and,

if necessary, reissue any and all checks, including prepetition checks that the Debtors reissue

postpetition, and electronic funds transfers drawn on the Debtors’ Bank Accounts relating to

payments permitted by an order of this Court, whether the checks were presented or funds transfer

requests were submitted prior to or subsequent to the Petition Date, provided that sufficient funds

are available in the applicable accounts to make the payments and (b) to debit the Debtors’ Bank

Accounts in the ordinary course of business for all undisputed prepetition Bank Fees outstanding

as of the date hereof, if any, owed to the Banks.

8. In the course of providing cash management services to the Debtors, each of the

Banks and the Payment Processing Providers are authorized, without further order of the Court, to

deduct the applicable fees and expenses associated with the nature of the deposit and cash

management services rendered to the Debtors (including, without limitation, the Payment

Processing Programs), whether arising prepetition or postpetition, from the appropriate accounts

of the Debtors, and further, to charge back to, and take and apply reserves from, the appropriate

accounts of the Debtors any amounts resulting from returned checks or other returned items,

including returned items that result from ACH transactions, wire transfers, merchant services

transactions or other electronic transfers of any kind, regardless of whether such items were

deposited or transferred prepetition or postpetition and regardless of whether the returned items

relate to prepetition or postpetition items or transfers.

9. In each instance in which the Debtors hold Bank Accounts at Banks that are not

party to a Uniform Depository Agreement with the U.S. Trustee, the Debtors shall use their good

faith efforts to cause the Banks to execute a Uniform Depository Agreement in a form prescribed

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by the U.S. Trustee within thirty days of the date of the Final Order, to the extent such Bank is a

domestic bank, without prejudice to the Debtors’ rights to seek a further extension. The U.S.

Trustee’s rights to seek further relief from this Court in the event that the aforementioned banks

are unwilling to execute a Uniform Depository Agreement in a form prescribed by the U.S. Trustee

are fully reserved.

10. Pursuant to Local Rule 2015-2(a), the Debtors are authorized to continue to use

their existing checks, correspondence, and other Business Forms without alteration or change and

without the designation “Debtor-in-Possession” or a bankruptcy case number imprinted upon

them. Notwithstanding the foregoing, once the Debtors’ existing checks have been used, the

Debtors shall, when reordering checks, require the designation “Debtor-in-Possession” and the

main bankruptcy case number on all checks; provided that, with respect to checks that the Debtors

or their agents print themselves, the Debtors, shall print the “Debtor-in-Possession” legend and the

main bankruptcy case number on such items.

11. The Debtors are authorized to continue to utilize all third-party providers necessary

for the administration of their Cash Management System. In addition, the Debtors are authorized,

but not directed, to pay all prepetition or postpetition amounts due to such third-party providers.

12. Effective as of the Petition Date, and subject to the terms of this Final Order, all

Banks at which the Bank Accounts are maintained are authorized to continue to administer,

service, and maintain the Bank Accounts, and the Banks and Payment Processing Providers are

authorized to continue to administer, service, and maintain the Payment Processing Program, in

each case as such accounts were administered, serviced, and maintained prepetition, without

interruption and in the ordinary course (including making deductions and setoffs for any applicable

fees or charges related to such services, including the Bank Fees) and consistent with and subject

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to the applicable cash management agreements or payment processing agreements, to honor any

and all checks, drafts, wires, electronic funds transfers, or other items presented, issued, or drawn

on the Bank Accounts on account of a claim against the Debtors arising on or after the Petition

Date; provided, however, that unless otherwise ordered by the Court and directed by the Debtors,

no checks, drafts, electronic funds transfers (excluding any electronic funds transfer that the Banks

are obligated to settle), or other items presented, issued, or drawn on the Bank Accounts on account

of a claim against the Debtors arising prior to the Petition Date shall be honored. In no event shall

the Banks be required to honor overdrafts or to pay any check, wire, electronic funds transfers, or

other debit against the Bank Accounts that is drawn against uncollected funds or, subject to the

below, that was issued prior to the Petition Date. Notwithstanding the foregoing, the Banks are

authorized to rely on the Debtors’ designation of any particular check or electronic payment

request, funds transfer, or other transaction (including foreign currency exchanges, transactions or

trades) as being approved by order of the Court, and have no duty to inquire as to whether such

payments are authorized by an order of this Court, and shall not have any liability to any party for

relying on such representations.

13. If any Bank honors a prepetition check or item drawn on any account that is the

subject of this Final Order (a) at the direction of the Debtors to honor such prepetition check or

item, (b) in the good faith belief that the Court has authorized such prepetition check or item to be

honored, or (c) as a result of a good faith error, such Bank shall not be deemed to be nor shall be

liable to the Debtors or their estates on account of such prepetition check or item being honored

postpetition or otherwise deemed to be in violation of this Final Order.

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14. The Debtors are authorized to implement such non-material, reasonable changes,

consistent with this Final Order and subject to any existing cash management agreements, to the

Cash Management System as the Debtors may deem necessary or appropriate.

15. The Debtors may close any of the Bank Accounts (subject to the terms of their

existing cash management agreement) or open any additional bank accounts following the Petition

Date wherever the Debtors deem that such accounts are needed or appropriate. Notwithstanding

the foregoing, the Debtors shall open such new account(s) only at banks that have executed a

Uniform Depository Agreement with the U.S. Trustee for the District of Delaware, or at such banks

that are willing to immediately execute such an agreement. These new accounts are deemed to be

Bank Accounts and are similarly subject to the rights, obligations, and relief granted in this Final

Order. The Banks are authorized (but not required, except as set forth in the cash management

agreements between the Bank and the Debtors) to honor the Debtors’ requests to open or close (as

the case may be) such Bank Account(s). In the event that the Debtors open or close any Bank

Account(s), such opening or closing shall be timely indicated on the Debtors’ monthly operating

reports and notice of such opening or closing shall be provided to the U.S. Trustee, counsel to the

Committee, counsel to the Ad Hoc Group of Crossover Lenders, and counsel to any Stalking Horse

Bidder, within five business days after the opening or closing of any such account.

16. The Debtors are authorized to deposit funds in accordance with existing practices

under the Cash Management System as in effect as of the Petition Date, subject to any reasonable

non-material changes, consistent with this Final Order, to the Cash Management System that the

Debtors may implement, and, to the extent such practices are inconsistent with the requirements

of section 345(b) of the Bankruptcy Code, the Debtors are hereby granted an extension of 30 days

after entry of the Final Order (the “Extension Period”) within which to either come into

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compliance with section 345(b) of the Bankruptcy Code or to make such other arrangements as

agreed with the U.S. Trustee. Such extension is without prejudice to the Debtors’ right to request

from this Court a further extension of the Extension Period or a final waiver of the requirements

under section 345(b).

17. The Debtors are authorized but not directed to (a) continue the Corporate Card

Programs, subject to any terms and conditions under the applicable servicing agreements, on a

postpetition basis consistent with their past practices; and (b) pay all obligations related to the

Corporate Card Programs, whether arising prepetition or postpetition; provided that the payment

of the prepetition obligations under the Corporate Card Programs shall not exceed $200,000 in an

aggregate final amount, inclusive of amounts paid pursuant to the Interim Order, or such higher

amount as may be set forth in any budget governing postpetition financing or the use of cash

collateral. To the extent the Debtors seek to increase credit limits for any cards under the Corporate

Card Program, the Debtors shall provide advance notice to, and opportunity to object by, the U.S.

Trustee, counsel to the Committee, counsel to the Ad Hoc Group of Crossover Lenders, and

counsel to any Stalking Horse Bidder.

18. The Debtors shall not be required to comply with the requirement of the U.S.

Trustee Guidelines to establish separate accounts for cash collateral and/or tax payments.

19. All Intercompany Claims arising after the Petition Date owed by a Debtor to

another Debtor under any postpetition Intercompany Transactions authorized hereunder are hereby

accorded administrative expense status under sections 503(b) and 507(a) of the Bankruptcy Code.

20. Nothing contained in the Motion, the Interim Order or this Final Order shall be

construed to (a) create or perfect, in favor of any person or entity, any interest in cash of a Debtor

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that did not exist or was not perfected as of the Petition Date, or (b) alter or impair any security

interest or perfection thereof, in favor of any person or entity, that existed as of the Petition Date.

21. Neither the provisions contained herein, nor any actions or payments made by the

Debtors pursuant to this Final Order shall be deemed an admission as to the validity of any

underlying obligation or a waiver of any rights the Debtors may have to dispute such obligation

on any ground that applicable law permits.

22. The terms and conditions of this Final Order are immediately effective and

enforceable upon its entry.

23. The Debtors are authorized and empowered to take all actions necessary or

appropriate to implement the relief granted in this Final Order.

24. This Court shall retain jurisdiction with respect to all matters arising from or related

to the implementation and/or interpretation of this Final Order.

KAREN B. OWENS

UNITED STATES BANKRUPTCY JUDGE

Dated: July 21st, 2020

Wilmington, Delaware

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26755631.1

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re:

GNC HOLDINGS, INC., et al.,

Debtors.

)

Chapter 11

Case No. 20-11662 (KBO)

(Jointly Administered)

Re: Docket Nos. 14 & 128

FINAL ORDER AUTHORIZING PAYMENT OF

CERTAIN PREPETITION CRITICAL VENDOR CLAIMS

Upon the motion [Docket No. 14] (the “Motion”)

of the Debtors for an order authorizing

the payment of the Critical Vendor Claims and granting certain related relief (this “Final Order”);

and this Court having reviewed the Motion, the First Day Declaration, and the Interim Order

[Docket No. 128] entered on June 25, 2020; and this Court having determined that the relief

requested in the Motion is in the best interests of the Debtors, their estates, their creditors, and

other parties in interest; and this Court having jurisdiction to consider the Motion and the relief

requested therein in accordance with 28 U.S.C. §§ 157 and 1334 and the Amended Standing Order

of Reference from the United States District Court for the District of Delaware dated as of February

29, 2012; and consideration of the Motion and the relief requested therein being a core proceeding

under 28 U.S.C. § 157(b)(2); and this Court having authority to enter a final order consistent with

The debtors in these Chapter 11 Cases, along with the last four digits of each debtor’s United States federal tax

identification number, if applicable, or other applicable identification number, are: GNC Holdings, Inc. (6244);

GNC Parent LLC (7572); GNC Corporation (5170); General Nutrition Centers, Inc. (5168); General Nutrition

Corporation (4574); General Nutrition Investment Company (3878); Lucky Oldco Corporation (7141); GNC

Funding, Inc. (7837); GNC International Holdings, Inc. (9873); GNC China Holdco, LLC (0004); GNC

Headquarters LLC (7550); Gustine Sixth Avenue Associates, Ltd. (0731); GNC Canada Holdings, Inc. (3879);

General Nutrition Centres Company (0939); GNC Government Services, LLC (2295); GNC Puerto Rico

Holdings, Inc. (4559); and GNC Puerto Rico, LLC (7234). The debtors’ mailing address is 300 Sixth Avenue,

Pittsburgh, Pennsylvania 15222.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the

Motion.

Case 20-11662-KBO Doc 544 Filed 07/22/20 Page 1 of 5

Schedule B

Article III of the United States Constitution; and venue being proper before this Court under

28 U.S.C. §§ 1408 and 1409; and it appearing that proper and adequate notice of the Motion has

been given and that no other or further notice is necessary; and a hearing having been held to

consider the relief requested in the Motion (the “Hearing”); and upon the First Day Declaration

and the record of the Hearing and all the proceedings before this Court; and after due deliberation

thereon; and good and sufficient cause appearing therefor, it is hereby

ORDERED, ADJUDGED AND DECREED THAT:

1. The Motion is GRANTED as set forth herein.

2. The Debtors are authorized, but not directed, to honor, pay, or otherwise satisfy the

Critical Vendor Claims in an aggregate final amount not to exceed $40.0 million, inclusive of

amounts paid pursuant to the Interim Order.

3. The form of the Trade Agreement, substantially in the form attached to the Motion

as Exhibit C, is approved in its entirety, and the Debtors are authorized, but not directed, to

negotiate, modify, or amend the Trade Agreement as entered into with any Critical Vendor in their

business judgment.

4. The Debtors are authorized, but not directed, to condition the honoring, payment,

or other satisfaction of any Critical Vendor Claim on the execution of a Trade Agreement, and the

Debtors are authorized, but not directed, to enter into such Trade Agreements when and if the

Debtors determine it appropriate, in their business judgment.

5. If any party accepts payment hereunder and does not continue supplying goods or

services to the Debtors in accordance with Customary Trade Terms, then, subject to the terms of

any Trade Agreement between the Debtors and such party: (a) the Debtors reserve the right to

seek relief from this Court to determine that (i) any payment made on account of any prepetition

Case 20-11662-KBO Doc 544 Filed 07/22/20 Page 2 of 5

claim held by such party was an improper postpetition transfer and, therefore, immediately

recoverable by the Debtors in cash; and (ii) upon recovery by the Debtors, any prepetition claim

satisfied by such payment shall be reinstated as if the payment had not been made; and (b) if there

exists an outstanding postpetition balance due from the Debtors to such party, the Debtors may

request that the Court recharacterize and apply any payment made pursuant to the relief requested

by the Motion to such outstanding postpetition balance and such supplier or vendor will be required

to repay to the Debtors such paid amounts that exceed the postpetition obligations then outstanding

without the right of any setoffs, recoupments, provisions for payment of any claims, or otherwise.

6. Payments made to Critical Vendors shall be applied, in the first instance, against

claims held by such Critical Vendors which arise under section 503(b)(9) of the Bankruptcy Code

(“503(b)(9) Claims”), in whole or in part as applicable; provided, that (a) payments to Nutra

pursuant to the Interim Order prior to entry of this Final Order shall be applied to 503(b)(9) Claims;

(b) payments made to Nutra pursuant to this Final Order shall be applied, in the first instance,

against claims that are not 503(b)(9) Claims, and (c) payments made to Nutra after entry of this

Final Order on account of Nutra’s remaining 503(b)(9) Claims shall be made after the General Bar

Date (as defined in the Order Establishing Bar Dates and Related Procedures for Filing Proofs of

Claim (Including for Claims Arising Under Section 503(B)(9) of the Bankruptcy Code) and

Approving the Form and Manner of Notice Thereof), consistent with the treatment of other

503(b)(9) Claims in accordance with the Final Order (I) Authorizing the Debtors to Obtain

Postpetition Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III) Granting Liens

and Providing Superpriority Administrative Expense Claims, (IV) Granting Adequate Protection

to Prepetition Secured Lenders, (V) Modifying Automatic Stay, and (VI) Granting Related Relief

Case 20-11662-KBO Doc 544 Filed 07/22/20 Page 3 of 5

and the procedures set forth therein with respect to the 503(b)(9) Escrow Account (as defined

therein).

7. Any Critical Vendor that accepts payment or other form of satisfaction from the

Debtors on account of all or a portion of a Critical Vendor Claim pursuant to this Final Order shall

be deemed to (a) agree to the terms and provisions of this Final Order and (b) have waived, to the

extent so paid or satisfied, any and all prepetition claims, of any type, kind, or priority (including

any reclamation claim), against the Debtors, their estates, and their assets and properties.

8. The Debtors’ banks and financial institutions shall be, and are hereby authorized,

when requested by the Debtors in their sole discretion, to process, honor, pay, and, if necessary,

reissue any and all checks and electronic fund transfers, including prepetition checks and electronic

payment and transfer requests that the Debtors reissue or re-request postpetition, drawn on the

Debtors’ bank accounts relating to the Critical Vendor Claims, whether those checks were

presented prior to or after the Petition Date, provided that sufficient funds are available in the

applicable accounts to make the payments.

9. The Debtors’ banks and financial institutions may rely on the representations of the

Debtors with respect to whether any check or other transfer drawn or issued by the Debtors prior

to the Petition Date should be honored pursuant to this Final Order, and any such bank or financial

institution shall not have any liability to any party for relying on such representations by the

Debtors as provided for in this Final Order.

10. Nothing in the Motion or this Final Order, or the Debtors’ payment of any claims

pursuant to this Final Order, shall be construed as: (i) an admission as to the validity of any claim

against any Debtor or the existence of any lien against the Debtors’ properties; (ii) a waiver of the

Debtors’ rights to dispute any claim or lien on any grounds; (iii) a promise to pay any claim; (iv) an

Case 20-11662-KBO Doc 544 Filed 07/22/20 Page 4 of 5

implication or admission that any particular claim would constitute an allowed claim; (v) an

assumption or rejection of any executory contract or unexpired lease pursuant to section 365 of

the Bankruptcy Code; or (vi) a limitation on the Debtors’ rights under section 365 of the

Bankruptcy Code to assume or reject any executory contract with any party subject to this Final

Order. Nothing contained in this Final Order shall be deemed to increase, decrease, reclassify,

elevate to an administrative expense status, or otherwise affect any claim to the extent it is not

paid.

11. Notwithstanding Bankruptcy Rule 6004(h), to the extent applicable this Final Order

shall be effective and enforceable immediately upon entry hereof.

12. The Debtors are authorized and empowered to take such actions and to execute

such documents as may be necessary to implement the relief granted by this Final Order

13. This Court shall retain jurisdiction with respect to all matters arising from or related

to the implementation and/or interpretation of this Final Order.

KAREN B. OWENS

UNITED STATES BANKRUPTCY JUDGE

Dated: July 22nd, 2020

Wilmington, Delaware

Case 20-11662-KBO Doc 544 Filed 07/22/20 Page 5 of 5

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re:

GNC HOLDINGS, INC., et al.,

Debtors.

)

Chapter 11

Case No. 20-11662 (KBO)

(Jointly Administered)

Re: Docket Nos. 12 & 126

FINAL ORDER AUTHORIZING THE DEBTORS

TO (I) MAINTAIN AND ADMINISTER PREPETITION CUSTOMER

PROGRAMS AND (II) PAY PREPETITION OBLIGATIONS RELATED THERETO

Upon the motion [Docket No. 12] (the “Motion”)

of the Debtors for a final order

authorizing them to maintain the Customer Programs and honor prepetition obligations arising

under the Customer Programs (this “Final Order”); and this Court having reviewed the Motion,

the First Day Declaration, and the Interim Order [Docket No. 126] entered on June 25, 2020; and

this Court having determined that the relief requested in the Motion is in the best interests of the

Debtors, their estates, their creditors, and other parties in interest; and this Court having jurisdiction

to consider the Motion and the relief requested therein in accordance with 28 U.S.C. §§ 157 and

1334 and the Amended Standing Order of Reference from the United States District Court for the

District of Delaware dated as of February 29, 2012; and consideration of the Motion and the relief