MALIBU, Calif., March 6, 2019 /PRNewswire/ -- Pursuant to Section 9-610 of the Uniform Commercial Code, GemCap Lending I, LLC (the "Secured Party" will hold a secured party public sale to the highest and best bidder for cash, with reserve, to be conducted telephonically by the Secured Party on Monday, March 18, 2019 at 11:00 a.m. Pacific Standard Time (the "Public Sale") at the offices of Secured Party located at 24955 Pacific Coast Highway, Suite A202, Malibu, CA 90265. Qualified Bidders (defined below) may attend the Public Sale in person or telephonically.
The Secured Party has a first priority perfected lien and security interest in and to all of the intellectual property of U.S.A DAWGS, INC., a Nevada Corporation ("DAWGS"). The Secured Party's collateral subject to Public Sale will be limited to all of DAWGS' intellectual property. The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral. At the Public Sale, the Public Sale Collateral will be sold "as is" and "where is" and the Secured Party shall make no representation or warranty, either express or implied, relating to title, use, quiet enjoyment, possession, merchantability or fitness for a particular purpose, completeness, condition or the like, all of which are hereby disclaimed, in the sale or disposition of the Public Sale Collateral.
The Public Sale Collateral is being sold without recourse to Secured Party, its attorneys and representatives. The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder. Those participating at the Public Sale shall be given the opportunity to bid on a competitive basis. At the conclusion of the Public Sale, the successful bidder(s) must pay the bid amount in full by a wire transfer of funds to the Secured Party. The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale. The Secured Party reserves the right to adjourn or cancel the Public Sale. For further details regarding the Collateral and information regarding the terms of the Public Sale, you may contact Cohen Tauber Spievack & Wagner P.C., 420 Lexington Avenue, Suite 2400, New York, NY 10170 Attn: Robert A. Boghosian, Esq., or by email at firstname.lastname@example.org or by telephone at (212) 381-8726.
SOURCE GemCap Lending I, LLC