It looks like shareholders will get something... Cirtec will assume the liabilities!
Nuvectra will keep... Aleva license and warrants Real property, equipment and inventory Some cash
Cirtec Medical will assume... 1.3 Assumption of Liabilities. On the terms and subject to the conditions set forth in this Agreement and the Sale Order, effective as of the Closing Date, Purchaser shall assume from Seller (and pay, perform, discharge or otherwise satisfy in accordance with their respective terms), and Seller shall irrevocably convey, transfer and assign to Purchaser, the following Liabilities (collectively, the “Assumed Liabilities”): (a) all Liabilities arising from Purchaser’s ownership of the Purchased Assets that arise after the Closing, including under Assigned Contracts and Product Approvals;
Seller’s rights under this Agreement, or any Ancillary Document and the all current and prior director and officer insurance policies and insurance (b)[Reserved]; and (c) all Cure Costs with respect to Assigned Contracts that are assumed by Purchaser after the Agreement Date (it being understood and agreed that Purchaser shall not be responsible for Cure Costs, if any, in connection with the Aleva License).
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