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$15 Million Patent Properties PIPE Transaction

Represented Walker Digital LLC, as selling stockholder, and Patent Properties, Inc., as issuer, in a PIPE transaction involving the resale of 5 million shares of Patent Properties to accredited investors in the United States and Canada raising $15 million in total gross proceeds. Loeb also handled Blue Sky filing matters for Braodband Capital Management, LLC the placement agent in the offering, and negotiations with Del Mar Master Fund Ltd., the lead investor in the round.