Restaurant Company in Texas

Sale of substantially all the Assets of Ignite Restaurant Group, Inc.. The Compnay operate two restaurant brands, Joe’s Crab Shack (“Joe’s”) and Brick House Tavern + Tap (“Brick House”), consisting of 112 Joe’s locations and 25 Brick House locations across 32 states and three Joe’s franchises in Dubai, U.A.E. (collectively, the “Business”). The Company offer a variety of high-quality food and beverages in a casual, high-energy atmosphere. The Sale Assets include following tangible and intangible assets, properties and rights:

• all rights of Sellers under the Contracts that are set forth on Schedule 2.1(a) (collectively, the “Assigned Contracts”);
• all cash, cash equivalents and similar cash items at each Purchased Location and at each location subject to a Real Property Lease that is a Designation Rights Asset on the Closing Date in cash registers, safes, strongboxes and lock boxes consistent with past practice; provided, however, Accounts Receivable are not included in the foregoing;
• all Inventory other than (i) Inventory located at a restaurant that is covered by a Real Property Lease that does not constitute an Assigned Contract and (ii) alcoholic beverage inventories in jurisdictions where the Law does not permit Purchaser to take title to such inventories until it obtains the requisite Liquor License Approvals from the relevant Governmental Authority;
• all tangible personal property, including all machinery, equipment, tools, point of sale systems, computers, mobile phones, personal digital assistants, computer equipment, hardware, peripherals, information technology infrastructure, telephone systems, furniture, fixtures, furnishings, cutlery, office supplies, production supplies, other miscellaneous supplies, and other tangible personal property of any kind owned by company;
• all Claims under Insurance Policies for property damage claims related to the Purchased Assets;
• all Permits;
• all Intellectual Property Rights, including the items set forth on Schedule 2.1(g) and all indoor and outdoor signage, advertising, promotional materials, décor, pieces, accents, and artwork or decorations;
• all cars, trucks, forklifts, other industrial vehicles and other motor vehicles set forth on Schedule 2.1(h);

The Sale Assets are more descibed from "Page 90-92" on the attached PDF.