Borders Group filed with the US Bankruptcy Court on July 28, 2011 a motion to retain Streambank as an intellectual property disposition consultant for a management fee of $100,000 plus the following commission rates: 3% of the first $2.5 million in aggregate gross proceeds, 5% for up to $7.5 million in aggregate gross proceeds, 7% for up to $10 million in aggregate gross proceeds, and 12% for over $10 million in proceeds.
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