SUCCESSFUL BIDS AND BIDDERS. The Trustee, in consultation with GrowthPoint Technology Partners, LLC, has exercised his reasonable business judgment and determined that the following bidders present the highest and best offers (the “Successful Bids”) for the Purchased Assets1:
• Security Innovation, Inc. – with a bid of Three Million Dollars ($3,000,000) for
the Acquired Assets (as set forth in its Asset Purchase Agreement attached hereto as Exhibit 1 – but which excludes certain patents and the wave.com domain name); and
• Chime Inc. – with a bid of Four Hundred and Fifteen Thousand Dollars
($415,000.00) for the wave.com domain name as set forth in its Asset Purchase Agreement attached hereto as Exhibit 2.
BACK-UP BIDDERS. The Trustee, in consultation with GrowthPoint Technology Partners, LLC, has exercised his reasonable business judgment and determined that SuperCom, Inc. (the “Backup Bidder”) presents the next highest and best offer for the Acquired Assets (as set forth in its Asset Purchase Agreement which excludes certain patents and the wave.com
domain name) for Two Million Two Hundred Ten Thousand Dollars ($2,210,000). In the event that the sale to Security Innovation, Inc. does not close, the Trustee will file the Backup Bidder’s
Asset Purchase Agreement.
"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry
