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Assets of Blockchain Hardware Technology and Related Businesses

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Assets of Blockchain Hardware Technology and Related Businesses



Price: $3,010,000.00


Other Item Info
Item #: ohnbke_1095206
Created: 11/25/2021
Category: Business Property > All Assets or Going Concerns > Technology Hardware & Equipment
Sale Date: Mon. Jan 3, 2022
Seller Info
Julie Zurn
Debtor's Attorney
388 South Main Street, Suite 500
Akron, OH 44311
330-535-5711
Bankruptcy Info
Case #: 6:21-bk-61492
Case Title: The Midwest Data Company LLC
Court: Ohio Northern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of Squirrels Research Labs LLC and The Midwest Data Company LLC (the “Sellers”), which includes:

  • All Cash and Cash Equivalents, all bank accounts (including the bank accounts listed on Schedule 1.1(a)). and all deposits (including maintenance deposits, customer deposits, and security deposits for rent, electricity, telephone or otherwise) or prepaid or deferred charges and expenses, including all lease and rental payments, that have been prepaid by any Sellers;
  • All accounts receivable of the Sellers (the “Acquired AR”);
  • All leasehold, subleasehold or license interests in real property (including the leasehold, subleasehold, or license interests set forth on Schedule 1.1(c)) and any and all buildings, structures, fixtures and other improvements thereon owned or leased by the Sellers (the “Leased Real Property”);
  • All of the Sellers’ tangible assets (including Equipment) (the “Acquired Tangible Assets”);
  • All Contracts listed on Schedule 1.1(e) and all other Contracts that the Purchaser, in its discretion by written notice to the Sellers, designates as “Assigned Contracts”, to the extent assignable under applicable Law and contractual restrictions after giving effect to the Sale Order (the “Assigned Contracts”);
  • All goodwill, payment intangibles and general intangible assets and rights of the Sellers;
  • All Business Intellectual Property, including all rights to collect royalties and proceeds in connection therewith; GO all causes of Action, lawsuits, judgments, claims and demands of any nature, whether arising by way of counterclaim or otherwise (collectively, the “Assigned Claims”);
  • Copies of all Documents including, to the extent permitted by applicable Law, the employee and personnel records of the Transferred Employees; provided that the Sellers may retain copies of any Documents transferred pursuant to this Section 1.1(1) to the extent required by Law;
  • All of the Sellers’ customer data, lists and information (excluding from the foregoing any credit card numbers or related payment source, social security numbers, or other personally identifiable information, the transfer of which would contravene applicable privacy Law) (the “Customer Information”)',
  • To the extent transferable under applicable Law after giving the effect to the Sale Order, all of the rights, interests and benefits accruing under all Permits, and all pending applications and renewals therefor (collectively, the “Assigned Permits”)-,
  • The insurance claims described on Schedule 1.1 ('ll (the “Insurance Claims”)',
  • All of Seller’s financial accounting Documents; and
  • All other or additional assets, properties, privileges, rights and interests of the Sellers relating to the Acquired Business, the Assumed Liabilities or the Acquired Assets (other than Excluded Assets) of every kind and description and wherever located, whether known or unknown, fixed or unfixed, accrued, absolute, contingent or otherwise, and whether or not specifically referred to in this Agreement.

Additional Details

  1. Auction Time: 3:00 p.m.
  2. Sale Hearing Held on January 11, 2022 at 10:00 a.m.
  3. Bid Amount: $3,060,000
  4. Bid Increment: $50,000
  5. Bid Deposit: $150,000
  6. Last date to respond: January 10, 2022


Other Information

Terms and Conditions:

See Attached.


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