NoNoDerma, LLC acquired Substantially All Assets of ICTV Brands Inc on December 10, 2019. The consideration includes (i) A Promissory Note from NoNoDerma, LLC in the amount of $0.6 million, bearing interest at 7%, fully amortizing over 36 monthly payments, secured by a blanket security interest in the assets of NoNoDerma, LLC, subordinate to NoNoDerma, LLC’s existing senior secured lender, and guaranteed by LeoGroup Private Investment Access, LLC, the parent of Buyer.(ii) 7.5% ownership of NoNoDerma, LLC.(iii) Cancellation of existing senior secured debt from the Company to LeoGroup Private Investment Access, LLC, parent of NoNoDerma, LLC, in the remaining amount of $0.4 million. (iv) Cancellation of existing royalty obligation of the Company to LeoGroup Private Investment Access, LLC in the remaining amount of $1.4 million. The transaction was approved by the board of directors of ICTV Brands. NoNoDerma, LLC completed the acquisition of Substantially All Assets of ICTV Brands Inc on December 10, 2019.