Assets of New York Restaurants Business

Sale of assets of Just One More Restaurant Corp. (“JOMR”) and Just One More Holding Corp. (“JOMH” and together with JOMR, collectively, the “Chapter 11 Sellers”) through Gerard A. McHale, Jr., not in his individual capacity but solely in his capacity as the Chief Restructuring Officer of the Chapter 11 Sellers (the “CRO”), and Robert E. Tardif, Jr., not in his individual capacity but solely in his capacity as the trustee (the “Trustee”, and together with the CRO, collectively, the “Movants”) appointed in the chapter 7 bankruptcy cases of each of Bruce E. Bozzi, Sr. (“Bozzi”) and Walter J. Ganzi, Jr. (“Ganzi” and together with Bozzi, collectively, the “Chapter 7 Sellers”; together, the Chapter 11 Sellers and the Chapter 7 Sellers, collectively, the “Sellers”).

The sale includes all of the assets which are those assets directly and indirectly owned by the Sellers that are related to the Company—i.e., the iconic "The Palm" which is one of the most well-known steakhouse brands and restaurant chains in the United States and Mexico. The Purchased Assets subject to the proposed Sale include, among others: (i) the sellers ownership interests in the Palm OpCos which directly and indirectly, own and manage 21 The Palm restaurants located across the United States; (ii) the ownership of the intellectual property for The Palm—a series of trademarks and service marks, design elements of The Palm (such as its food quality choices and methods of preparation) and the Palms decor, display of certain photographs, artistic caricatures, sketches, cartoons and other elements (collectively, the "Palm IP"): (iii) the licensing rights with respect to the Palm P, including licensing rights with respect to three The Palm restaurants, one of which is located at John F. Kennedy International Airport in New York City and two others in Mexico City: and (iv) owned real property located at 838 Second Avenue in New York. New York and 94 Main Street. East Hampton, New York.

Assets for sale is more described on the attached PDF.