SALE OF ASSETS OF SEARCHME, INC.
Lighthouse Capital Partners V, L.P. ("Lighthouse"), the senior secured lender to SearchMe, Inc.,("SearchMe"), (www.SearchMe.com) is soliciting interest for the acquisition of all or substantially all of SearchMe's assets, including its Intellectual Property ("IP"), in whole or in part (collectively, the"SearchMe Assets").
Please be advised that the SearchMe Assets are being offered for sale pursuant toSection 9-610 of the Uniform Commercial Code. Purchasers of the SearchMe Assets will receive all of SearchMe's rights in the purchased portion of Lighthouse's collateral, which consists of substantially all of SearchMe's assets, as provided in the Uniform Commercial Code.
The sale is being conducted by Lighthouse with the cooperation of SearchMe. SearchMe has advisedLighthouse that it will use its best efforts to make its employees available to assist purchasers with duediligence and assist with a prompt and efficient transition at a mutually convenient time.
IMPORTANT LEGAL NOTICE
The information in this memorandum does not constitute the whole or any part of an offer or a contract.The information contained in this memorandum relating to the SearchMe Assets has been supplied bythird parties and obtained from a variety of sources. It has not been independently investigated or verifiedby Lighthouse or its respective agents.Potential purchasers should not rely on any information contained in this memorandum or provided byLighthouse (or its respective staff, agents, and attorneys) in connection herewith, whether transmittedorally or in writing (the "information"), as a statement, opinion, or representation of fact. Please note thatall information provided herein relating to the operations of SearchMe's business and its market positionsrelates to periods on or prior to March 31, 2009. Interested parties should satisfy themselves throughindependent investigations as they see fit.Lighthouse and its respective staff, agents, and attorneys, (i) disclaim any and all implied warrantiesconcerning the truth, accuracy, and completeness of any information provided in connection herewith and(ii) do not accept liability for the information, including that contained in this memorandum, whether thatliability arises by reasons of Lighthouse's negligence or otherwise.Any sale of the SearchMe Assets will be made on an "as-is," "where-is," and "with all faults" basis,without any warranties, representations, or guarantees, either express or implied, of any kind, nature, ortype whatsoever from, or on behalf of, Lighthouse. Without limiting the generality of the foregoing,Lighthouse, and its respective staff, agents, and attorneys, hereby expressly disclaim any and all impliedwarranties concerning the condition of the SearchMe Assets and any portions thereof, including, but notlimited to, environmental conditions, compliance with any government regulations or requirements, theimplied warranties of habitability, merchantability, or fitness for a particular purpose.This memorandum contains confidential information and is not to be supplied to any person withoutLighthouse's prior consent.Total investment in SearchMe, Inc.:
$45 Million
of equity capital proceedsfrom institutional venture capital fundsand other private investors from 2004-2008
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