NOTE 1. - T HE COMPANY Walker Innovation Inc., a Delaware corporation (collectively, with its subsidiaries, the Company or Walker Innovation), sought to develop and commercialize its unique portfolio of intellectual property assets through licensing and enforcement operations (Licensing and Enforcement). In response to challenging developments in the patent licensing and enforcement environment, the cessation of the Companys custom innovation work and, following an extended period of evaluation of potential acquisitions, the conclusion by the Board of Directors of Walker Innovation that none of the viable acquisition targets presented characteristics that fulfilled our criteria of increasing shareholder value and creating opportunity for investors, on June 28, 2018, the Board of Directors of Walker Innovation approved the liquidation and dissolution of the Company pursuant to a Plan of Complete Liquidation and Dissolution (as amended to date, Plan of Complete Liquidation and Dissolution or the Plan), subject to stockholder approval. The dissolution of the Company was approved by its stockholders at a special meeting held on September 5, 2018. Prior to the Effective Date, Walker Digital, LLC (Walker Digital), was the owner of approximately 82% of the voting interest in the Company and approximately 48% of the economic interest (approximately 42% on a fully diluted basis), and voted for the Plan of Complete Liquidation and Dissolution. On September 7, 2018, the Company filed a certificate of dissolution with the Secretary of State of the State of Delaware, which filing became effective on September 20, 2018 ( the Effective Date). Subsequently, on September 27, 2018, the Company completed its initial liquidating distribution in the amount of $0.48 per share to each holder of its common stock and Series B Convertible Preferred Stock, or $16.8 million in the aggregate. The liquidating distribution was made to stockholders as of the Effective Date (including trades through the Effective Date that settled after the effective date). In connection with the initial liquidating distribution, the Companys trading symbol on the OTCQB was deleted, the CUSIP for the common stock suspended and the Companys transfer agent closed the transfer books as of the Effective Date (including trades through the Effective Date that settled after the Effective Date). On September 28, 2018, the Company completed the sale of four vending patents for $55 ( $48 net of commission) which disposal followed the transfer of six gaming patents from the Companys remaining portfolio. As part of the dissolution process, the Company will continue to try to sell additional patents and is in discussions with a potential purchaser of certain additional patents, although the net proceeds of any such disposals are not expected to materially alter future liquidating distributions, if any. Subject to uncertainties inherent in the winding up of its business, Walker Innovation may make one or more additional liquidating distributions, as the Companys required contingency reserves may be released over time. However, no assurances can be made as to the ultimate amounts to be distributed, if any, or the timing of any such distributions. Any additional liquidating distributions will be made to the stockholders as of the effective date of the certificate of dissolution (including trades through the effective date that settled after the effective date).