ASSUMPTION AND ASSIGNMENT AND TRANSITION SERVICES AGREEMENTAssumption and Assignment and Transition Services Agreement • December 4th, 2012 • Ari Network Services Inc /Wi • Services-computer programming, data processing, etc. • Minnesota
This ASSUMPTION AND ASSIGNMENT AND TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of November 28, 2012 by and between Project Viking II Acquisition, Inc. (the “Assignee”), a wholly-owned subsidiary of ARI Network Services, Inc. (“ARI”), as buyer of the retail services division (“50 Below RSD”) of Fifty Below Sales & Marketing, Inc., a Minnesota corporation (the “Debtor”), from Nauni Jo Manty, the Chapter 11 Operating Trustee of the Debtor (the “Assignor”), and as the sole equity holder with authority to act on behalf of any and all of its subsidiaries and affiliates (each, an “Affiliate”), including, without limitation, 50 Below Incorporated, a Minnesota corporation, and 50 Below, LLC, a Wyoming limited liability company (collectively, the “Seller”).
