Device Expert, Inc. entered in an agreement to acquire assets of Mad Catz, Inc. from Mad Catz Interactive, Inc. (OTCPK:MCZA.F) for $0.51 million on June 19, 2017. The acquisition does not include cash, deposits, accounts receivable, insurance, rights in insurance, avoidance actions and other Mad Catz causes of action and also, Device Expert will not assume liabilities or obligations of Mad Catz. Concurrently with the execution of agreement, Buyer shall pay an amount equal to $14,100 as a deposit. If this agreement is terminated in breach of buyer’s obligations then seller shall be entitled to retain the deposit. The return of the deposit to the buyer will be sole remedy in the event of a breach of seller’s obligations. The transaction is subject to bankruptcy court approval. As of June 21, 2017, transaction has been approved by the bankruptcy court. This agreement may be terminated if closing shall not have occurred by July 15, 2017, however, that such date may be extended by seller and buyer upon mutual agreement. David W. Carickhoff and Alan M. Root of Archer & Greiner, P.C acted as legal advisor for Mad Catz. Aaron Smith of Locke Lord, LLP acted as legal advisor for Device Expert. Device Expert, Inc. cancelled the acquisition of assets of Mad Catz, Inc. from Mad Catz Interactive, Inc. (OTCPK:MCZA.F) on June 19, 2018.