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Assets of Delaware Computer Services Company

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Assets of Delaware Computer Services Company



Minimum Price: $4,500,000.00


Other Item Info
Item #: debke_157234
Created: 02/03/2015
Category: Business Property > All Assets or Going Concerns > Software & Computer Services
Sale Date: None Set
Seller Info
IRA D KHARASCH
Debtor's Attorney
10100 SANTA MONICA BLVD, 11TH FLR
LOS ANGELES, CA 90067
(310) 277-6910
Bankruptcy Info
Case #: 1:15-bk-10104
Case Title: Hipcricket, Inc., a Delaware Corporation
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of all Assets of Hipcricket, Inc. located in Delaware which includes:

  1. all accounts receivable, notes receivable, negotiable instruments, chattel paper and other receivables,
  2. all Intellectual Property related to the Business,
  3. all scheduled PP&E,
  4. all Cash,
  5. all deposits, prepayments, vendor rebates and other refunds, rights under warranties and guaranties, rights of set off and recoupment, and similar assets relating to the Business or Acquired Assets,
  6. all Transferred Leased Keal Property,
  7. all Assumed Contracts,
  8. all Documents related to the Business or Acquired Assets, to the extent permitted by applicable law,
  9. all Permits to the extent transferable,
  10. except to the extent that it is an Excluded Asset, all rights under all insurance policies relating to the Acquired Assets,
  11. any claim an interest in and to all tax refunds, credits and similar items relating to any period beginning on or after the Closing Date, to the extent relating to the Business or Acquired Assets post-Closing,
  12. all rights and claims of Seller for any action under the F3ankruptcy Code including avoidance actions against non-insiders of the Seller,
  13. all rights and claims to the corporate name "Hipericket" and certain other corporate names in connection with the Business, and
  14. certain other specified and scheduled assets.

Additional Details

Sale term: Purchase Price is (i) an amount equal to the sum of $4,500,000 in cash, plus (II) an amount equal to the Lure Amounts up to the Cure Lap ($500,000), plus (III) the amounts approved by the Court with respect to the KEIP up to the KELP Limit ($255,000), less (ii) the sum of (I) the amount of Assumed DIP Obligations plus (II) the amount of Cure Amounts that are required to he paid in excess of the Cure Cap up to a maximum of $50,000.



Other Information

Terms and Conditions:

See Attached.


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