Energy Storage Company in California

Sale of substantially all of assets of the Ice Energy Holdings, Inc ("Seller"). The seller was in the business (“Business”) of developing, manufacturing, distributing, installing, and maintaining specialized Ice Bear Units (“Units”), which generally operate alongside commercial heating, ventilating, and air conditioning units (“HVACs”) sourced by seller from a third-party manufacturer. The Units are designed to significantly reduce utility costs by using electricity purchased at lower “off-peak” nighttime utility rates to cool refrigerant and create ice for daytime use in large commercial and industrial air conditioning applications.

The sale assets including: (1) inventory, finished goods, work in progress, materials, parts, supplies, equipment, shipping materials, patents, trademarks, copyrights, licenses, technologies, marketing materials, intellectual property, packaging materials and open purchase orders (“Business Assets”), as more particularly described in Exhibit "A" on the attached PDF; (2) the real property leases ("Assigned Leases") described in Exhibit "B” on the attached PDF; and (3) the executory contracts, if any, ("Assigned Contracts") described in Exhibit "C” on the attached PDF.