retain Zukin Partners as its investment bank to seek qualified bidders for the 363 Sale. Realtime driving directions to Holmes Motors, 10651 Boney Ave, DIberville, based on live traffic updates and road conditions from Waze fellow drivers. Davidoff of Greenberg Glusker Fields Claman & Machtinger LLP and Cole Schotz served as legal advisors to HyreCar. Morgan of Croke Fairchild Duarte & Beres LLC and Matthew McClintock of Goldstein & McClintock LLLP served as legal advisors to Holmes Motors. Sale Closing is No later than May 10, 2023. The Acquisition is contingent upon the approval of a sale order of the Bankruptcy Court approving the Acquisition under Section 363 of the United States Bankruptcy Code and satisfaction of customary closing conditions. The aggregate consideration includes (i) Assumption of the assumed liabilities (ii) Full and final satisfaction of all Secured Obligations under, and as defined in, the DIP Credit Agreement including, for the avoidance of doubt, any and all inchoate obligations and (iii) Cash at Closing in an amount equal to $7,750,000 minus (x) the aggregate amount of all liquidated, non-contingent amounts owed under the DIP Credit Agreement as of the Closing Date minus (y) the aggregate amount of Seller-Responsible Vendor Liabilities as of the Closing Date. We are glad to be able to say that the Holmes Motor of today fulfills. entered into an asset purchase agreement to acquire Substantially all the Assets of HyreCar Inc. With all the good s commercial motors then on the market we still saw a big field.
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