Item 8.01. Other Events.
On
On
? the arbitrator will appoint a rehabilitative receiver underMaryland law in a Supplemental Award Appointing Rehabilitative Receiver. ? an award in favor of MMG and against VREH under Note II in the amount of$835,156 as ofJune 30, 2022 , with interest thereafter at the rate of 5.5% per year. ? Because the loss sustained byReliability, Inc. in fraud damages (Award 6) is the same as the loss sustained byReliability, Inc.'s wholly owned subsidiary,Maslow Media Group, Inc. , in the nonpayment of Notes I, II, and the Personal Guaranty (Awards 1, 2, and 4), there can be only one recovery.
The foregoing summary of the Amended Award is qualified in its entirety by reference to the full text of the Amended Award, which is filed as Exhibit 102.1 and 102.2 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 10.1 Amended and Supplemental Arbitration Award, datedMay 17, 2022 . 10.2 Amended and Supplemental Arbitration Award, REDLINE, datedMay 17, 2022 . 104 Cover Page Interactive Data (embedded within the Inline XBRL document).
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