PUBLIC NOTICE OF UCC SALE: Carlson Wireless Technologies Inc

NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY
ASSETS OF CARLSON WIRELESS TECHNOLOGIES INC,
UNDER THE UNIFORM COMMERCIAL CODE

PLEASE TAKE NOTICE THAT on April 11, 2023, at the hour of 10:00 a.m., Pacific Daylight Time, Mr. Ian Cruise, as successor secured creditor (“Secured Creditor”) of Carlson Wireless Technologies Inc. (“Borrower”), will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code as adopted in California from time to time (“UCC”), of all of the personal property collateral pledged to Secured Creditor under the parties’ Loan and Security Agreement, as amended (“Collateral”). The Borrower is in the business of TV White Space technology, providing broadband data to remote areas via the unused parts of the UHF TV spectrum. The Collateral includes, without limitation:

1. All of Borrower’s: (i) accounts, contract rights, general intangibles, chattel paper, documents and instruments as such terms are defined in the UCC, including, without limitation, all present and future choses in action and reversionary interests in property rights of Borrower, and all obligations for the payment of money arising out of Borrower’s sale of goods or rendition of services, including, without limitation, all such accounts and obligations arising from the sale of goods or rendition of services by others which accounts have been purchased by or assigned to Borrower (collectively, “Accounts”); (ii) rights, remedies, security and liens in, to and in respect of the Accounts, without limitation, guaranties or other contracts of suretyship with respect to the Accounts, deposits or other security for the obligation of any debtor or obligor in any way obligated on or in connection with any Account, and credit and other insurance; (iii) deposit accounts, as such term is defined in the UCC; (iv) customer lists, books, records, ledger cards, computer programs equipment, furniture, fixtures and other property and general intangibles at any time evidencing or relating to the Accounts; and (v) other general intangibles of every kind and description, including, without limitation, rights in trademarks, tradenames, service marks, trade secrets, copyrights and patents, and Federal, State and local tax refund claims of all kinds;
2. All goods (as defined in the UCC);
3. All of the Borrower’s tangible personal property, including without limitation all present and future goods, inventory (including, without limitation, all printed materials, merchandise, raw materials, work in process, finished goods and supplies), equipment, merchandise, furniture, fixtures, office supplies, motor vehicles, machinery, paper, tools, computers, and associated equipment now owned or hereafter acquired, including, without limitation, the tangible personal property used in the operation of the businesses of the Borrower; and
4. All of Borrower’s right, interest or title to any and all products and proceeds of any of the foregoing, in any form (including, without limitation, any insurance proceeds and claims by Borrower against third parties for loss or damage to or destruction of any or all of the foregoing property and proceeds).

The sale will be held on a “where is, as is” basis, without any representations and warranties, express or implied. There is no warranty relating to title, possession, quiet enjoyment, access or the like in this disposition. Secured Creditor reserves the right to establish reasonable bidding procedures and to have potential bidders demonstrate their ability to perform and close to the reasonable satisfaction of Secured Creditor. Secured Creditor reserves the right to credit bid or to increase any credit bid price at the public sale. Secured Creditor also reserves the right to adjourn, continue or cancel the public sale without further notice. Qualified bidders may be permitted to submit written bids in advance or participate in the public sale via conference call. Any parties interested in further information about these assets, or who wish to bid or obtain Zoom or conference call login information, should contact the counsel for the Secured Creditor as set forth below:

James A. Shepherd
LAW OFFICES OF JAMES SHEPHERD
2121 N. California Blvd, Suite 290
Walnut Creek, CA 94596-7531
(925) 954-7554
[email protected]