HTC Global Ventures, LLC entered into a definitive agreement to acquire substantially all assets from Ciber, Inc. (OTCPK:CBRI.Q) on May 17, 2017. The aggregate consideration to be paid for the purchase shall be equal to: (i) the $93 million cash purchase price, in cash, plus (ii) the assumption of the liabilities of Ciber. HTC will deposit $5.5 million into escrow with the escrow agent and this deposit amount will be refunded in case of termination to HTC. HTC will offer employment to the employees of Ciber's subsidiaries. The transaction is subject to bankruptcy court approval, approval of Ciber's Directors, and all waiting periods applicable to the purchase and sale of the purchased assets under any applicable antitrust or competition Law, including the HSR Act, shall have expired or been terminated. The transaction is also conditional upon the minimum business revenues shall not be less than $75 million and the closing date net receivables amount shall be equal to or greater than the minimum net receivables amount. The transaction has been approved by the Directors of Ciber. The proceeds of the transaction were used in part to pay in full the $35.7 million outstanding under the DIP financing. Brett H. Miller, Dennis L. Jenkins, Todd M. Goren and Erik G. Knudsen of Morrison & Foerster LLP acted as legal advisors to Ciber. Scott K. Lites and David A. Lerner of Plunkett & Cooney, P.C. acted as legal advisors to HTC. Christopher A. Ward, Justin K. Edelson and Jarrett K. Vine of Polsinelli PC acted as legal advisors for Ciber. Adam L. Dunayer of Houlihan Lokey Capital, Inc. acted as financial advisor for Ciber.