VISION CAPITAL GROUP USA, LLC To Auction All Assets of Solstice Marketing Concepts LLC Via Public Sale
Summary
The Public Sale Collateral consists of all of the Debtors assets (whether tangible, intangible, personal or mixed), whether now owned or hereafter acquired and wherever located, including, without limitation, all accounts, proceeds of leases, cash, inventory, supplies, furniture, fixtures, equipment, deposits and other accounts, security deposits, third party deposits, money, equity interests or capital stock in subsidiaries, investment property, instruments, chattel paper, contracts, patents, copyrights, trademarks and other general intangibles, commercial litigation claims, commercial tort claims, farm products, deposit accounts, documents, the proceeds of all claims or causes of action, and all rents, products, offspring, profits, supporting obligations, and proceeds of any and all of the foregoing. In order to participate in the bidding process, each person or entity (a "Potential Bidder") must deliver to the undersigned (i) an executed confidentiality agreement in form and substance acceptable to Secured Party, (ii) current financial statements of the Potential Bidder or other evidence acceptable to Secured Party that will show the financial ability of the Potential Bidder to purchase the Public Sale Collateral and such other information as the Secured Party shall require to show proof of the Potential Bidders ability to execute the closing the Public Sale, (iii) a completed and executed Asset Purchase Agreement in the form provided by Secured Party, and (iv) a deposit in an amount equal to ten percent of the bid amount which will be held in escrow by Secured Party. At the conclusion of the Public Sale, the successful bidder(s) must pay the final bid amount in full by a wire transfer of funds to the Secured Party. The Secured Party reserves the right to reject all bids, adjourn or cancel the Public Sale. For further details regarding the Public Sale Collateral, obtaining the confidentiality agreement and the form asset purchase agreement, and information regarding the Public Sale, including a detailed listing of the Inventory being sold, you may contact Chad Friedman Esq.