Assets of Women's Apparel and Accessories Retailer Business

1. Auction Time: 10:00 a.m.
2. Sale Hearing Held on February 22, 2021 at 10:00 a.m.
3. Purchase Price: The aggregate “Purchase Price” is equal to the Assumed Liabilities, which consist of: (i) The sum of the principal amount of the term loan payable to ALCC, LLC, amounts due by the sellers on account of the vendor program, and all interest, fees, and other amounts due by the Debtors on account of the term loan and under the vendor program, which collectively, as of the closing will be approximately $8.1 million; (ii) the sellers obligations for unused and accrued “paid time off” or “PTO” for those E-Commerce Business employees listed on a schedule to the Transaction Documents (approximately $73,000); (iii)the sellers obligations for “IBNR” in an amount not to exceed $950,000; (iv) C&B’s post-petition obligations to Radial as of the closing date, which are estimated to be approximately $2.4 million. (v) Agent open purchase orders for Additional Agent Goods to be sold through the E-Commerce Business post-closing. (vi)Cure costs associated with Assumed contracts and leases in an amount to be mutually agreed upon by Buyer and the C&B.
4. Bid Amount: Initial overbid amount of $650,000 over and above the aggregate of the Stalking Horse Purchase Price
5. Bid Increment: $250,000
6. Bid Deposit: 10% of the Purchase Price
7. Bid Deadline: February 17, 2021

See Attached.