Assets of E-commerce Company

1. Auction Time: 10:00 a.m.
2. Sale Hearing Held on July 6, 2020.
3. Minimum Bid: The Bid Value proposed by each Bid (or sum of Bids for different assets) must be equal to, or exceed, the sum of (i) $200,000,000; plus (ii) the DIP Repayment Amount; plus (iii) cash consideration in an amount sufficient, together with cash and cash equivalents that are Excluded Assets, to fund the Wind-Down Budget; plus (iv) cash or assumption of those Assumed Liabilities in the Stalking Horse Purchase Agreement that the Stalking Horse Bidder has agreed to pay or assume (including all Cure Costs with respect to any Assigned Contract; and plus (v) the minimum overbid amount of $250,000; provided, however, that in determining the Bid Value, the Debtors will not be limited to evaluating the dollar amount of a Bid, but may also consider factors including, but not limited to, the liabilities and other obligations to be performed or assumed by the Potential Bidder, the additional administrative and prepetition claims likely to be created by such Bid in relation to other Bids, the proposed revisions to the Stalking Horse Purchase Agreement, and other factors affecting the speed, certainty and value of the proposed transactions.
4. Bid Increment: $250,000
5. Bid Deposit: 5% of the aggregate cash portion of the purchase price of the Bid
6. Bid Deadline: June 22, 2020
7. Last date to respond: July 2, 2020

See Attached.