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Re: Lucky77Dice post# 100498

Monday, 03/02/2020 10:58:26 AM

Monday, March 02, 2020 10:58:26 AM

Post# of 145544
The deposit was $334K. See below, lifted directly from the APA signed by Visolis and LCY:

ARTICLE 3 PURCHASE PRICE AND TAXES

3.1 Purchase Price. The consideration payable by the Purchaser to the Vendors for the Vendors’ rights, title and interests in and to the Purchased Assets shall be $4,340,000 (the “Purchase Price”).

3.2 Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:

(1) the deposit in the amount of $334,000 paid in support of the Offer by the Purchaser to the Monitor in trust on behalf of the Vendors (plus any interest accrued thereon further to the receipt by the Monitor) (the “Deposit”) and shall be applied against the Purchase Price on Closing; and

(2) the balance of the Purchase Price, after crediting the Deposit (including interest), shall be paid by the Purchaser to the Monitor on behalf of the Vendors on Closing.

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