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PUBLIC NOTICE OF AUCTION: FieldXperience, LLC

AUCTION OF ASSETS OF FieldXperience, LLC

1. Offer Deadline. July 8, 2022 at 5:00 pm Pacific Time.

2. NDA Deadline. June 24, 2022

3. Background. The fieldX Learning Methodology puts the learner first and is based on proven research and learning science that blends interactive and gamified micro-courses designed to power up soft skill development. This learner-led approach focuses on discovery, knowledge transfer, reinforcement of knowledge, and application that can be personalized, is scalable, and focuses on the learning experiences as opposed to learning content. Using the proven 70-20-10 blended learning L&D rule, fieldXperience designs learning journeys that incorporate on-the-job experiences, community collaboration and gamified courses.

fieldX has four categories of Learning Journeys:

  • Soft-skills Training
  • Career Readiness
  • Expert Industry Courses (such as Design Thinking, Consumer Spending Behavior, Storytelling & Broadcasting, etc)
  • Custom Learning Journeys

FieldXperience is the subject of an assignment for the benefit of creditors.

4. Process Overview.

  1. The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline.
  2. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline.
  3. The winning bidder will be selected and notified by the prospective Assignee on July 11, 2022
  4. The selection of the winning bidder is in the prospective Assignee’s absolute discretion.
  5. The winning bidder must be prepared to close and fund the purchase by July 14, 2022

5. Assets to be Sold. The prospective Assignee will sell all of the prospective Assignee’s rights in Fieldx’s tangible and intangible property, including, but not limited to: Trademarks, URL’s, Customer Lists, Social Media Networks (Facebook, Instagram, YouTube, Branding Collateral (graphics and verbiage), Trade Secrets, Research and Development, Training Materials and Marketing Material.

6. More Information. Jonathan Wernick of B. RILEY FINANCIAL ADVISORY SERVICES. Phone: 213-409-6237 or email: [email protected], Advisor to the Prospective Assignee.

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