NOTICE OF PUBLIC SALE OF COLLATERAL
THOMAS WOOLF (“Secured Party”) is the secured party with respect to that certain indebtedness owed by SEMISUB, INC., a California Corporation (“Debtor”) pursuant to that certain Stock Purchase, Pledge and Security Agreement (“Agreement”) effective June 15, 2021.
Debtor’s obligations under the Agreement are secured by 100 shares of stock of South Seas Safaris, Inc., a Hawaii corporation, and represent all of the issued and outstanding shares of South Seas Safaris, Inc.
Debtor has defaulted under the Agreement. The balance of the obligations owed to Secured Party under the agreement as of February 28, 2022 is $140,000, plus attorneys’ fees of $5,497.89.
Date of Sale: The Secured Party will sell the Collateral at a public sale to be conducted by public auction on Monday, March 14, 2022 at 10:00 a.m. HST. The Secured Party reserves the right in his sole discretion to adjourn the sale to another date without further publication or notice by giving notice at the time of the sale.
Location of Sale: The sale will occur at Tsugawa Lau & Muzzi LLLC, 55 Merchant Street, Suite 3000, Honolulu, Hawaii 96813. All participants must follow any applicable governmental orders regarding Covid-19.
Terms and Conditions: The full bid price must be paid in full at the time of the sale by certified check or cashier’s check payable to the order of Tsugawa Lau & Muzzi Client Trust Account. Secured Party, either directly or through an agent or assignee, reserves the right to credit bid all or part of the amount secured by the Collateral being sold without certified or cashier’s check as required for other bidders.
Disclaimers: The Collateral to be sold in this sale is being sold on an “AS IS, WHERE IS” basis. The Secured Party specifically disclaims all representations and warranties, including but not limited to those that relate to title, possession, quite enjoyment, value, fitness for a particular purpose, merchantability, and condition of the Collateral.
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