GeneLink, Inc. filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 21, 2014. As per the amended plan filed, administrative expense claims of $0.08 million and profession fees of $0.06 million shall be paid in full in cash. There will be no priority tax claims under the plan.

Allowed unsecured claims amounting $0.49 million will be settled by issuing a promissory note or shall be paid in full satisfaction of claims up to 37% of equity interests as option B. Necessary vendor unsecured claims shall be paid in full through equal monthly payments over 1 year from the effective date. The other claims and their treatment will remain unchanged under the plan.