HTML Document View

Full title: Notice of Closing of Sale of Debtors' Purchased Assets to AAS BIDCO, LLC. (Related document(s):296 Generic Order) Filed by ASAIG, LLC, Aztec/Shaffer, LLC (O'Connor, Ryan) (Entered: 04/23/2021)

Document posted on Apr 22, 2021 in the bankruptcy, 3 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

NOTICE OF CLOSING OF SALE OF DEBTORS’ PURCHASED ASSETS TO AAS BIDCO, LLC (Relates to ECF # 296) PLEASE TAKE NOTICE that on April 6, 2021, ASAIG, LLC, et al., the above-captioned debtors and debtors in possession (the “Debtors”), selected AAS BIDCO, LLC (the “Buyer”) as the Successful Bidder for the Sale of the Debtors’ Purchased Assets in accordance with the Court’s Order Related to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, (IV) Scheduling Bid Deadline, Auction Date, and Sale Hearing Date, and (V) Approving the Form and Manner of Notice Leases, and (III) Granting Related Relief [ECF # 296] (the “Sale Order”) which, among other things, approved the Sale of the Debtors’ Purchased Assets to the Buyer. PLEASE TAKE FURTHER NOTICE that the Sale of the Debtors’ Purchased Assets to the Buyer closed on April 23, 2021 in accordance with the terms and conditions of that certain Asset Purchase Agreement (the “Agreement”)2 dated April 23, 2021 between the Debtors and Buyer.ATTORNEYS FOR THE DEBTORS 2 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement, Sale Order, or Bidding Procedures Order, as applicable.

List of Tables

Document Contents

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: § § Case No. 20-35600 ASAIG, LLC, et al., § § Chapter 11 Debtors.1 § § (Jointly Administered) NOTICE OF CLOSING OF SALE OF DEBTORS’ PURCHASED ASSETS TO AAS BIDCO, LLC (Relates to ECF # 296) PLEASE TAKE NOTICE that on April 6, 2021, ASAIG, LLC, et al., the above-captioned debtors and debtors in possession (the “Debtors”), selected AAS BIDCO, LLC (the “Buyer”) as the Successful Bidder for the Sale of the Debtors’ Purchased Assets in accordance with the Court’s Order (I) Approving and Authorizing Bidding Procedures in Connection with the Sale of Substantially All Assets, (II) Approving Stalking Horse Protections, (III) Approving Procedures Related to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, (IV) Scheduling Bid Deadline, Auction Date, and Sale Hearing Date, and (V) Approving the Form and Manner of Notice Thereof [ECF # 178] (the “Bidding Procedures Order”). PLEASE TAKE FURTHER NOTICE that, at the Sale Hearing held on April 16, 2021, the Court entered its Order (I) Authorizing and Approving the Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Encumbrances and Other Interests, (II) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired 1 The debtors and debtors in possession these chapter 11 cases, along with the last four digits of their respective Employer Identification Numbers, are as follows: Aztec / Shaffer, LLC (2038); and ASAIG, LLC (2323). The Debtors’ service address is: 601 W. 6th Street, Houston, Texas 77007.

1

Leases, and (III) Granting Related Relief [ECF # 296] (the “Sale Order”) which, among other things, approved the Sale of the Debtors’ Purchased Assets to the Buyer. PLEASE TAKE FURTHER NOTICE that the Sale of the Debtors’ Purchased Assets to the Buyer closed on April 23, 2021 in accordance with the terms and conditions of that certain Asset Purchase Agreement (the “Agreement”)2 dated April 23, 2021 between the Debtors and Buyer. Pursuant to the Sale Order and the Agreement, the Closing is deemed to have occurred at 12:01 a.m. (prevailing Central Time) on the Closing Date. Dated: April 23, 2021. OKIN ADAMS LLP By: /s/ Matthew S. Okin Matthew S. Okin Texas Bar No. 00784695 Email: mokin@okinadams.com David L. Curry, Jr. Texas Bar No. 24065107 Email: dcurry@okinadams.com Ryan A. O’Connor Texas Bar No. 24098190 Email: roconnor@okinadams.com 1113 Vine St., Suite 240 Houston, Texas 77002 Tel: 713.228.4100 Fax: 888.865.2118 ATTORNEYS FOR THE DEBTORS 2 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement, Sale Order, or Bidding Procedures Order, as applicable.

2

CERTIFICATE OF SERVICE I hereby certify that on April 23, 2021, a true and correct copy of the foregoing Notice was served via the Court’s CM/ECF system to all parties consenting to service through the same. By: /s/ Ryan A. O’Connor Ryan A. O’Connor

3