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atower

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About atower

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  1. NOTICE OF PUBLIC SALE NOTICE IS HEREBY GIVEN THAT ON JULY 13, 2015, at 10:00 a.m. CST, pursuant to Tex. Bus. & Comm. Code § 9-610, Jaffe Enterprises, L.P. and Jaffe 4th Generation, LLC (collectively, the “Secured Party”), will offer to sell, or cause to be sold, at public sale conducted in accordance with applicable law (the “Public Sale”) at the offices of Collins, Edmonds, Pogorzelski, Schlather & Tower, PLLC, 1616 S. Voss Rd., Ste. 125, Houston, Texas 77057, all of Texas corporation Gripping Eyewear Inc.’s (the “Debtor”) right, title, and interest in the Collateral identified below. Said Collateral partially secures the indebtedness (the “Indebtedness”) of the Debtor to the Secured Party under that certain loan evidenced by that certain Amended and Restated Pledge and Security Agreement between Secured Party and Debtor dated May 1, 2013 (“Security Agreement”), as well as that certain Renewal, Extension and Modification Agreement between Secured Party and Debtor dated May 1, 2013, and those certain First Amended Promissory notes (the “Loans”) from Debtor to Secured Party dated May 1, 2013. The Debtor has defaulted on its obligations under the Loans and Security Agreement. The Collateral offered for sale includes the following collateral pledged by the Debtor under the Security Agreement to secure the Loans (the “Patent Assets” available for inspection at the following link: https://www.dropbox.com/s/oh2645orm4fez6b/PATENT%20ASSETS.pdf?dl=0 For further information contact: Andrew P. Tower (713)364-4701. The sale is “AS IS” without any representations or warranties of any kind. Without limiting the foregoing, there is no warranty of any kind relating to title, non-infringement, possession, quiet enjoyment, or merchantability or the like in this disposition. Bidders must also provide evidence satisfactory to Secured Party of the ability to pay the purchase price bid for the Patent Assets. The Patent Assets will be sold together, and not individually. Secured Party reserves the right to reject any and all bids and to continue the public sale from time to time to such subsequent date or dates as Secured Party may deem necessary or appropriate. The successful bidder will be required to execute a memorandum of sale and to provide adeposit at the sale in the full amount of the winning bid. The deposit will be kept in escrow until the transaction is completed at a closing. Secured Party may bid all or part of its secured debt in the sale. All other terms will be announced at the sale.
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