Hartford

Hartford Computer Hardware, Inc. has closed CCAA proceedings begun in Ontario on December 13, 2011. The record ties the Canadian filing to parallel U.S. proceedings involving affiliated Chapter 11 Debtors, whose senior secured creditor, Delaware Street Capital Master Fund, L.P., held liens over their assets in an amount the record does not state. Delaware Street agreed to carve out a Settlement Sum for the benefit of General Unsecured Creditors, and to waive its deficiency claims and release its liens on the Effective Date. The Settlement Sum comprises US$333,000 in cash, the first dollars of the 2012 Earnout up to US$450,000, and the first dollars of the 2013 Earnout up to US$667,000, less prior recoveries. Class I secured claims voted unanimously for the Plan; 99.95% in dollar amount of Class III voted to accept it.