`NYSCEF DOC. NO. 50
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`INDEX NO. 654994/2022
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`RECEIVED NYSCEF: 04/14/2023
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`Index No. 654994/2022
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`Motion Seq. 2 and 3
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`SUPREME COURT OF THE STATE OF NEW YORK
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`COUNTY OF NEW YORK
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`ARENA VANTAGE SPV, LLC, individually and
`derivatively on behalf of Vantage, Inc.,
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`Plaintiff,
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`- against –
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`COVENTURE - VANTAGE CREDIT OPPORTUNITIES
`GP, COVENTURE - VANTAGE CREDIT
`OPPORTUNITIES FUND, LP, CROSSBEAM - ACQUCO
`EQUITY SPV LLC, CROSSBEAM VENTURE
`PARTNERS, VANTAGE TERM LOAN LLC, VANTAGE
`TERM LOAN II, LLC, VANTAGE BORROWER SPV I
`LLC, VANTAGE, INC., RAUNAK NIRMAL, BRIAN
`HARWITT, ELIZABETH OSTRANDER, ALI HAMED,
`WILEY ZHANG, RYAN MORGAN, MANPREET SINGH,
`and SAVNEET SINGH,
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`Defendants.
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`JOSHUA A. BERMAN, an attorney duly licensed to practice before the Courts of the State
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`of New York, hereby affirms the following to be true under the penalties of perjury pursuant to
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`CPLR 2106:
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`1.
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`I am a partner at Paul Hastings LLP, counsel for Plaintiff Arena Vantage SPV,
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`LLC (“Arena”).
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`2.
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`I submit this affirmation in further support of Arena’s Omnibus Opposition to the
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`Defendants’ Motions to Dismiss the First Amended Complaint.
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`3.
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`Attached hereto as Exhibit 1 is a true and correct copy of an excerpt from the
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`“Covenants” tab of the Acquco Lender Report for February 2023.
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`1 of 2
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`FILED: NEW YORK COUNTY CLERK 04/14/2023 10:24 PM
`NYSCEF DOC. NO. 50
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`INDEX NO. 654994/2022
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`RECEIVED NYSCEF: 04/14/2023
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`4.
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`Attached hereto as Exhibit 2 is a true and correct copy a Common Stock Warrant
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`issued by Vantage Inc., dated February 5, 2021.
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`5.
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`Attached hereto as Exhibit 3 is a true and correct copy of a Letter Agreement,
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`dated October 29, 2021, by and between Arena Vantage SPV, LLC and CoVenture – Vantage
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`Credit Opportunities Fund, LP, and acknowledged by Vantage Inc.
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`WHEREFORE, I respectfully request that the Court deny the CoVenture Defendants’
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`Motion to Dismiss the First Amended Complaint (Dkt. 13-18) (Mot. Seq. No. 2); and the Motion
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`to Dismiss of Defendants Vantage Entities, Crossbeam Entities, and Vantage Directors (Dkt. 23-
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`30) (Mot. Seq. No. 3).
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`Dated: New York, New York
`April 14, 2023
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`/s/ Joshua Berman
`Joshua Berman
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`2
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`2 of 2
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