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PUBLIC NOTICE OF ARTICLE 9 SALE: Faris Prototypes and Printing LLC

NOTIFICATION OF DISPOSITION OF COLLATERAL

We will sell the collateral being substantially all of the personal property assets and tangible property of Faris Prototypes and Printing LLC, including without limitation, (i) inventory, (ii) trade fixtures (iii) all machinery and equipment, and (iv) all attachments, accessories, fittings, tools, parts, supplies, and commingled goods relating to the foregoing property, (“Assets”) to the highest qualified bidder at public sale. A sale could include a lease or license. The sale will be held as follows:

  • September 14, 2026 at 9:00AM (CDT)
  • Virtually via online teleconference

You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell or, as applicable, lease or license.

If you request an accounting, you must pay a charge of $0.10/page, plus the amount of $395/hr for the preparation of the accounting. An estimate of total costs will be made and payment in advance is required.

You may request an accounting by calling us 952-445-2817.


SUPPLEMENTAL NOTICE OF PUBLIC SALE OF COLLATERAL OF FARIS PROTOTYPES AND PRINTING LLC

1. PLEASE TAKE NOTICE that, pursuant to sections 9-610 through 9-613 of the Uniform Commercial Code (the “UCC”), as adopted under applicable state law, Shrimple, LLC, a Minnesota limited liability company (“Secured Party”), will sell all of its right, title and interest in the Assets (defined below) of Faris Prototypes and Printing LLC, a Minnesota limited liability company (“Debtor”), to the highest qualified bidder in a public sale (the “Public Sale”).

2. The Public Sale is scheduled for September 14, 2026 at 9:00AM (CDT) by videoconference. Connection instructions will be provided to all Qualified Bidders (defined below) in advance of the Public Sale. The Public Sale will be recorded, and all Qualified Bidders consent to being recorded. Each Qualified Bidder shall designate a single individual authorized to speak on behalf such Qualified Bidder at the Public Sale. Secured Party is a Qualified Bidder.

3. The Public Sale is being held pursuant to those certain documents, namely: the Business Loan Agreement dated 5/3/2023; Promissory Noted dated 5/3/2023; two Commercial Guaranty each dated 5/3/2023; Commercial Security Agreement dated 5/3/2023; Security Agreement dated 11/4/2025; Commercial Loan Agreement dated 11/4/2025; Guaranty dated 11/4/2025; Debt Modification Agreement dated 8/22/2025; Master Equipment Lease Agreement #204915-01 dated 4/4/2023; as amended and supplemented from time to time (collectively the “Credit Agreements”), by and between Debtor and each Sherburne State Bank, Geneva Capital LLC and First National Bank of Milaca, with Secured Party now being the assignee of each Sherburne State Bank, Geneva Capital LLC and First National Bank of Milaca’s interests in the Credit Agreements; (b) those additional documents executed in conjunction with each above referenced document (collectively with the Credit Agreements, the “Loan Documents”); and (c) those certain Assignment Agreements made effective 8/24/2026 and related documents (collectively, the “Assignment Agreements”), by and between Secured Party and its predecessors in interest under the Loan Documents, under which Secured Party was assigned all of the rights, title, interests, and obligations under the Loan Documents.

4. Assets Being Sold: Secured Creditor intends to offer the Assets as a single lot. Secured Creditor reserves the right to designate sublots. Debtor previously operated a custom apparel, decal, sign, and vehicle graphics company at the Premises utilizing the Assets. The Assets do not include any intangible property, including, without limitation, any accounts receivable, claims, choses in action, trademarks, trade secrets, licensing rights or any intellectual property of any kind. Please take notice that most or all of the graphic design and manufacturing equipment is currently installed at the Premises and will require disassembly in order to remove it from the Premises. The winning bidder shall bear sole responsibility and all costs associated with disassembling and moving the Assets.

5. Pursuant to the Credit Agreements, Loan Documents, Assignment Agreements, and related documents, Secured Party has a security interest in and lien on substantially all the assets of Debtor, including the Assets. Debtor is in default of its obligations under the Loan Documents.

THIS NOTICE, PROVIDED MORE THAN TEN (10) DAYS PRIOR TO THE DATE OF DISPOSITION OF THE ASSETS, IS THE ONLY PRIOR NOTICE THAT YOU WILL RECEIVE OF SUCH DISPOSITION.

6. As of September 3, 2026, the unpaid principal balance under the Loan Documents is in excess of $115,000 (exclusive of additional attorneys’ fees and expenses) (the “Indebtedness”). Secured Party (or an assignee of Secured Party) reserves the right to credit bid and may credit bid the full amount of the Indebtedness at the Public Sale of the Assets.

7. Secured Party will provide prospective bidders access to a virtual data room including relevant information that Secured Party possesses concerning the Assets and Debtor, copies of the Loan Documents, and certain other related documents and information in Secured Party’s possession. Prospective bidders are encouraged to review relevant documents and perform such due diligence as they deem necessary in advance of the Public Sale. As set forth below, a bid that is contingent on due diligence is not a Qualified Bid. Bidders may contact counsel for Secured Party using the contact information listed at the bottom of this notice.

8. To be a “Qualified Bidder,” a prospective bidder must provide to Secured Party’s counsel using contact information below, no later than 10:00AM CDT on September 11, 2026: (i) the identity and current contact information of the prospective bidder; and (ii) evidence acceptable to Secured Party of the bidder’s ability to close on a purchase of the Assets in accordance with the terms of the sale. All bids at the Public Sale must not be subject to any financing or due diligence contingency. The winning bidder must pay the full amount of the purchase price to Secured Party in cash (via wire transfer or cashier’s check or such other means that may be acceptable to Secured Party in its sole reasonable discretion) within 2 business days following the conclusion of the Public Sale.

9. Secured Party is a Qualified Bidder and reserves the right to (i) credit bid, (ii) reject any bid if Secured Party determines, in its sole and absolute discretion, that such bid was made by a participant that is not a Qualified Bidder, (iii) accept a lower bid if the bid is on terms that Secured Party determines is more favorable to Secured Party or is from a bidder that, in Secured Party’s determination, offers a more certain likelihood of execution, (iv) terminate or adjourn the sale to another date and time, and (v) impose any other commercially reasonable conditions upon the sale of the Assets as Secured Party may deem proper.

10. If any prevailing bidder defaults on payment of the purchase price for any of the Assets, the party that submitted the next highest bid for such Assets may, at Secured Party’s option, be deemed to have submitted the prevailing bid, and the Secured Party may, at its option, consummate the sale of such Assets to such bidder.

11. Debtor at any time after receipt of this Notice and prior to consummation of the Public Sale, may request an accounting from Secured Party of the unpaid indebtedness under the Loan Documents. Debtor may request such an accounting by contacting the undersigned.

12. Debtor may redeem the Assets by paying the amounts due under the Loan Documents. Debtor shall be liable for any indebtedness which may remain after such sale to the extent permitted by applicable law and the Loan Documents. Nothing contained herein shall be construed as a modification of the Loan Documents or as a waiver of any delinquency, breach, default or event of default under the Loan Document or as a waiver, modification or limitation of any of Secured Party’s rights or remedies, all of which are hereby expressly reserved.

13. The Assets will be transferred to the successful bidder by way of a bill of sale satisfactory to Secured Party in its sole discretion.

14. The Assets are offered “as is/where is” with all faults and without recourse, representation, warranty or guaranty, whether express or implied. There is no warranty relating to title, possession, quiet enjoyment or the like in this disposition.

WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SECURED PARTY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND SECURED PARTY WILL NOT BE LIABLE FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES.

No descriptions of the Assets (either as set forth above or on the supplemental materials available from counsel for the Secured Party) nor any oral statements made by the Secured Party (or its agents, employees or attorneys) concerning the Assets shall be construed as a warranty either express or implied. There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. The successful bidder at the Public Sale shall have sole responsibility for removing the Assets from the Premises promptly or on such terms and conditions as may be acceptable to the owner and/or lessee of the premises where the Assets are located. Secured Party shall have no responsibility for the costs of disassembling or removing the Assets or arranging with the property owner or lessee for their removal. The winning bidder shall be responsible for the payment of all transfer taxes, stamp duties, and similar taxes incurred in connection with the purchase of the Assets.

15. Secured Party makes no representation or warranty regarding the existence, validity, priority, or extent of any other security interest in or lien on the Assets. The Assets will be sold subject to all valid senior security interests and liens (if any) that are senior to Secured Party’s liens.

16. To the extent that the Public Sale generates proceeds in excess of Debtor’s indebtedness to Secured Party under the Loan Documents, such excess proceeds will be remitted to any junior lien holder or Debtor in accordance with section 9-615 of the UCC.

SECURED PARTY RESERVES THE RIGHT, AT ANY TIME ON OR AFTER THE DATE HEREOF, TO SELL THE ASSETS AS PERMITTED BY THE UCC, OR TO CANCEL, ADJOURN OR AMEND ANY AND ALL TERMS OF SALE FOR THIS PUBLIC SALE. SECURED PARTY RESERVES THE RIGHT TO CREDIT BID FOR AND PURCHASE THE ASSETS OR ANY PORTION OF THE ASSETS AT THE PUBLIC SALE. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, A CREDIT BID BY SECURED PARTY IS DEEMED TO BE A QUALIFIED BID. THE TERMS OF SALE SET FORTH IN THIS NOTICE MAY BE SUBJECT TO ADDITIONAL OR AMENDED TERMS TO BE ANNOUNCED AT THE TIME THEREOF.

17. Further information concerning the Public Sale and the Collateral, and the requirements for obtaining information and bidding on the Public Sale, can be obtained by contacting counsel for the Secured Party:

James P. Conway
Jaspers, Moriarty & Wetherille, P.A.
250 Fuller St. S., Ste. 125
Shakopee, MN 55379
952-445-2817
[email protected]

About DailyDAC

DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

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