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Full title: Declaration of Lawrence R. Perkins in support of Declaration of Lawrence R. Perkins In Support of the Motion of Debtors Pursuant to 11 U.S.C. §§ 105(a) and 107(b) For Entry of An Order Authorizing the Debtors To File Term Sheets Under Seal (RE: related document(s)1106 Motion to File a Document Under Seal). Filed by Debtor Wave Computing, Inc. (Miller, Jeri) (Entered: 02/02/2021)

Document posted on Feb 1, 2021 in the bankruptcy, 3 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

24 25 26 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal identification number, as applicable, are: Wave Computing, Inc., MIPS Tech, Inc., Hellosoft, I27 Wave Computing (UK) Limited, Imagination Technologies, Inc., Caustic Graphics, Inc., and M I am the Chief Executive Officer at SierraConstellation Partners (“SCP”) and the C2 Restructuring Officer to Wave Computing, Inc. and its affiliated debtors and debtors in possessio3 the above-captioned chapter 11 cases (collectively, the “Debtors”).This Declaration is submitted in support of the Motion of Debtors Pursuant to 11 U.S14 § 105(a) and 107(b) for Entry of an Order Authorizing the Debtors to File Term Sheet Under S15 The Motion to Seal seeks entry of an or16 authorizing the sealing of the Proposed Term Sheet for Global Settlement, attached as Exhibit A 17 Exhibit B-1, to the Stipulation and Proposed Order Regarding Proposed Term Sheet for Glo18 Settlement (the “Term Sheet”).It is my belief that the Term Sheet contains confidential commercial information regard20 the buyout of the Master Technology License Agreement for MIPS Architecture and MIPS Core 21 all technology schedules, amendments, and amendments and restatements thereto (the “Lice22 Agreements”) by CIP United Co., Ltd.

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SIDLEY AUSTIN LLP 1 Samuel A. Newman (SBN 217042) (sam.newman@sidley.com) 2 Genevieve G. Weiner (SBN 254272) (gweiner@sidley.com) 3 Julia Philips Roth (SBN 324987) (julia.roth@sidley.com) 4 555 West Fifth Street Los Angeles, CA 90013 5 Telephone: 213.896.6000 Facsimile: 213.896.6600 6 SIDLEY AUSTIN LLP 7 Charles M. Persons (admitted pro hac vice) (cpersons@sidley.com) 8 Juliana Hoffman (admitted pro hac vice) (jhoffman@sidley.com) 9 Jeri Leigh Miller (admitted pro hac vice) (jeri.miller@sidley.com) 10 2021 McKinney Avenue, Suite 2000 Dallas, TX 75201 11 Telephone: 214.981.3300 Facsimile: 214.981.3400 12 Attorneys for Debtors and Debtors in 13 Possession UNITED STATES BANKRUPTCY COURT 14 NORTHERN DISTRICT OF CALIFORNIA 15 SAN JOSE DIVISION 16 17 In re: ) Case No. 20-50682 (MEH) ) 18 WAVE COMPUTING, INC., et al., ) Chapter 11 (Jointly Administered) ) 19 Debtors.1 ) DECLARATION OF LAWRENCE R. ) PERKINS IN SUPPORT OF THE 20 ) MOTION OF DEBTORS PURSUANT T ) 11 U.S.C. §§ 105(a) AND 107(b) FOR 21 ENTRY OF AN ORDER AUTHORIZIN ) THE DEBTORS TO FILE TERM SHEE ) 22 UNDER SEAL ) ) 23 [No Hearing Requested] ) ) 24 25 26 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal identification number, as applicable, are: Wave Computing, Inc., MIPS Tech, Inc., Hellosoft, I27 Wave Computing (UK) Limited, Imagination Technologies, Inc., Caustic Graphics, Inc., and M

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I, Lawrence R. Perkins, being duly sworn, state the following under penalty of perjury: 1 1. I am the Chief Executive Officer at SierraConstellation Partners (“SCP”) and the C2 Restructuring Officer to Wave Computing, Inc. and its affiliated debtors and debtors in possessio3 the above-captioned chapter 11 cases (collectively, the “Debtors”). I have over 18 years4 management consulting and advisory experience with distressed companies or companies undergo5 transition and have served as a financial advisor to the Debtors since April 2020. 6 2. The statements in this Declaration are, except as otherwise indicated, based on 7 personal knowledge or views, on information that I have obtained from the Debtors and their ot8 advisors or from the Debtors’ books and records, and from information obtained from SCP person9 working directly with me and under my supervision. I am not being specifically compensated for t10 testimony other than through payments to be received by SCP for my role as the Debtors’ C11 Restructuring Officer. I am over the age of 18 years and am authorized to submit this Declaration12 I were called upon to testify, I could and would competently testify to the facts set forth herein. 13 3. This Declaration is submitted in support of the Motion of Debtors Pursuant to 11 U.S14 § 105(a) and 107(b) for Entry of an Order Authorizing the Debtors to File Term Sheet Under S15 (the “Motion to Seal”), filed concurrently herewith. The Motion to Seal seeks entry of an or16 authorizing the sealing of the Proposed Term Sheet for Global Settlement, attached as Exhibit A 17 Exhibit B-1, to the Stipulation and Proposed Order Regarding Proposed Term Sheet for Glo18 Settlement (the “Term Sheet”). 19 4. It is my belief that the Term Sheet contains confidential commercial information regard20 the buyout of the Master Technology License Agreement for MIPS Architecture and MIPS Core 21 all technology schedules, amendments, and amendments and restatements thereto (the “Lice22 Agreements”) by CIP United Co., Ltd. (“CIP”) and Prestige Century Investments Limited (“Prestig23 It is further my understanding that the Term Sheet is governed by a confidentiality provision t24 requires each party to hold as confidential the terms of the Term Sheet.2 25 26 2 Capitalized terms used herein have the meanings set forth in the Motion to Seal, unless other27

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5. It is my belief that public disclosure of the confidential commercial information contai1 in the Term Sheet could obstruct the implementation of the settlement contemplated therein and co2 cause compensable harm to CIP and/or Prestige. Additionally, it is my understanding that disclos3 would violate the terms of the confidentiality provision of the Term Sheet, creating a potential ca4 of action that could be levied against MIPS and reduce creditor recoveries in these Chapter 11 Ca5 6. As such, it is my belief that protecting the confidential commercial information contai6 in the Term Sheet is in the best interests of the Debtors, their estates, their creditors, and all ot7 parties in interest. 8 Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury that, after reasonable 9 inquiry, the foregoing is true and correct to the best of my knowledge, information, and belief. 10 11 Executed this 2nd day of February, 2021 12 13 14 /s/ Lawrence R. Perkins Lawrence R. Perkins, Chief Executive Officer 15 SierraConstellation Partners LLC 16 Chief Restructuring Officer for Debtors and 17 Debtors in Possession 18 19 20 21 22 23 24 25 26 27