Order Confirming Plan of Reorganization for Flexpoint Sensor Systems, Inc. (February 24, 2004)

Summary

This court order confirms the reorganization plan for Flexpoint Sensor Systems, Inc. under Chapter 11 bankruptcy. The order was issued by the United States Bankruptcy Court for the District of Utah after a hearing where the debtor, creditors, and the IRS were represented. The IRS's objection was resolved, and the court found that all legal requirements for confirmation were met. The plan, originally filed on January 14, 2004, is now officially approved and attached to the order.

EX-2.1 3 flexpoint8kex21order.txt ORDER CONFIRMING PLAN, DATED FEBRUARY 24, 2004 Steven C. Tycksen, #3300 ZOLL & TYCKSEN, L.C. 5300 South 360 West, Suite 360 Murray, Utah 84123 Telephone: 801 ###-###-#### Facsimile: 801 ###-###-#### IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF UTAH ---------------------------------------------------------------------------- | | | | In Re: FLEXPOINT SENSOR | Chapter 11 | | SYSTEMS, INC. a corporation, | | | | Bankruptcy No. 01-2977JAB | | Debtor(s) | Honorable Judith A. Boulden | | | | | | | ---------------------------------------------------------------------------- ____________________________________________________________________________ ORDER CONFIRMING PLAN _____________________________________________________________________________ The Debtor's Motion for Confirmation came on regularly for hearing before the above entitled Court, on Thursday, the 19th day of February, 2004 before the Honorable Judith A. Boulden, United States Bankruptcy Court Judge, presiding. The Debtor, through John A. Sindt, its President, appeared in person and by its attorney, Steven C. Tycksen. Creditor, Delco appeared through its attorney, Gerald Sunville and the Internal Revenue Service appeared through its attorney, David Sorenson. 1 The Internal Revenue Service made an Objection to the Confirmation of the Debtor's Plan of Reorganization which was resolved by stipulation on the record; and The Court made Findings of Fact and Conclusions of Law on the record and having determined after hearing on notice that the requirements for confirmation set forth in 11 U.S.C. 1129 have been satisfied; IT IS ORDERED that: The Plan filed by Flexpoint Sensor Systems, Inc., on January 14, 2004 is confirmed. A copy of the confirmed Plan is attached. DATED: 2-24-04 BY THE COURT; /s/ Judith A. Boulden ______________________________________ UNITED STATES BANKRUPTCY JUDGE