Assets of New York Steel Manufacturer

1. Auction Time: 10:00 A.M
2. Sale Hearing on February 6, 2025
3. Purchase price: (a) $2,000,000 for all Intellectual Property to be acquired by Buyer; plus
   (b) $1,000,000 for all Equipment to be acquired by Buyer; plus
   (c) $ 14,348,654.25 consisting of the Threshold Purchased Accounts Receivable and Threshold Purchased Inventory:
   (d) minus the Accounts Receivable Shortfall Amount or plus the Accounts Receivable Surplus Amount, as applicable,
   (e) minus the Inventory Shortfall Amount or plus the Inventory Surplus Amount, as applicable,
   (f) minus the amount of Transfer Taxes and Periodic Taxes allocated to the Seller in accordance with Section 6.11,
   (g) minus any Relocation Costs,
   (h) minus 50% of the Stock Count Fee
4. Minimum bid: $620,460.00 over sale price
5. Bid increment: $100,000.00
6. Bid deposit: ten percent (10%) of the proposed purchase price
7. Bid deadline: January 30, 2025
8. Last date to respond: at least seven (7) days prior to such hearing

See Attached.