Foreclosure Sale on SAG-AFTRA Films, June 9, 2016

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Foreclosure Sale on SAG-AFTRA Films, June 9, 2016
Filed in: 

NOTICE OF DISPOSITION OF COLLATERAL
(California Commercial Code Section 9613)

Notice is hereby given that on June 9, 2016, at 10:00 a.m., at the offices of the Screen Actors Guild-American Federation of Television and Radio Artists (“SAG-AFTRA”), located at 5757 Wilshire Boulevard, 1st Floor (Bella Bruck Boardroom), Los Angeles, California, Guild Intellectual Property Realization LLC (“Creditor”), as the successor-in-interest and secured party to various security documents (the “Security Documents”) entered into in favor of Screen Actors Guild, Inc. or SAG-AFTRA (as applicable) by certain debtors and/or obligors, including, without limitation, (i) Films on Tap, LLC; (ii) Bart Got a Room LLC; (iii) Broken The Motion Picture, LLC; (iv) Chrystal Productions, LLC; (v) Dead End, LLC; (vi) Captain Movies SARL; (vii) Sagittaire Films, SA; (viii) Philip Craeger; (ix) Rounding 3rd Productions, LLC; (x) Ten Deeds Productions, LLC; (xi) October Kingsley Films, LLC; (xii) North By Northwest Euro Arts 3, Inc.; (xiii) Samurai Productions, Inc.; (xiv) Furnace, LLC; (xv) Pete Schwaba; (xvi) Godfather LLC; (xvii) Hatchet, LLC; (xviii) Urban Sprawl, LLC; (xix) Little Hercules, LLC; (xx) Lonely Street Productions, LLC; (xxi) Brandon Finnell Cole; (xxii) Zetin Ltd.; (xxiii) Blue Snow Films, LLC; (xxiv) Rock the Paint Productions, LLC; (xxv) Roman Auteur, LLC; (xxvi) Donut Hole, LLC; (xxvii) Smiley Face Productions, Inc.; (xxviii) TriCoast Smitty LLC; (xxix) Surviving Eden, LLC; (xxx) Sunset Drive Media; (xxxi) Indifferent Entertainment, LLC; (xxxii) Cactus Kid Productions, LLC; (xxxiii) Don Ashley; (xxxiv) Frank Renzulli; (xxxv) Erroll J. Bailey; (xxxvi) The Artist Collective, Inc.;(xxxvii) Storybook Sequels, Inc. dba DHG Productions; and (xxxviii) The Box Group, LLC (collectively, “Debtors”), will sell, at public auction, to the highest bidder for cash or otherwise acceptable terms, all right, title, and interest (if any) of the applicable Debtor(s) in and to the motion pictures formerly or presently entitled: (i) “Bachelorman”; (ii) “Bart Got a Room”; (iii) “Broken” aka “Mel’s Diner”; (iv) “Chrystal”; (v) “Dead End” aka “Crossroads”; (vi) “Death by Engagement” aka “The Groom’s Revenge”; (vii) “Dirty Deeds” aka “1 Wild Night” aka “One Wild Night” aka “Dirtier Deeds” aka “Ten Things”; (viii) “Dr. Fugazzi” aka “Seduction of Doctor Fugazzi, The” aka “Seduction of Dr. Fugazzi, The” aka “ Doctor Fugazzi”; (ix) “Finding Bliss” aka “The Daily Grind”; (x) “Forbidden Warrior” aka “Samurai Warrior”; (xi) “Furnace” aka “Prison”; (xii) “Godfather of Greenbay”; (xiii) “Hatchet” aka “Old School American Horror” aka “Hatchet: Old School American Horror”; (xiv) “Hood of Horror” aka “Snoop Dogg’s Hood of Horror” aka “Urban Sprawl” aka “Gang of Horror”; (xv) “Little Hercules in 3D”; (xvi) “Lonely Street”; (xvii) “No Witness”; (xviii) “OK Garage” aka “Go Wild or Die” aka “All Revved Up”; (xix) “Powder Blue”; (xx) “Rock the Paint”; (xxi) “Roman” aka “The Story of Roman” aka “Mary 2: The Story of Roman”; (xxii) “Say Uncle: aka “Donut Hole” aka “Doughnut Hole”; (xxiii) “Smiley Face”; (xxiv) “Smitty”; (xxv) “Surviving Eden” aka “Nothing Ever Happens to Me”; (xxvi) “The Birthday Party” aka “Red Velvet” aka “The Last Birthday Party” aka “Silent Birthday Party”; (xxvii) “The Bleeding” aka “Black Cain”; (xxviii) “The Box” aka “Noir”; (xxix) “The Cactus Kid” aka “Cactus Kid”; and (xxx) “The Last Adam”;  (collectively, the “Collateral”).  

Creditor reserves the right to withdraw any of the Collateral from the auction at any time and without notice, to postpone and re-notice the time and date of the auction by oral announcement, and/or to make credit bids at the sale or any continuance thereof. If competing offers with different terms and conditions are submitted, Creditor will determine which offers will be accepted, and its decision in this regard shall be final. 

Creditor cannot warrant what (if any) rights the Debtors may have in the Collateral, nor the accuracy or completeness of its information regarding the Collateral and the Debtors’ rights therein, and prospective buyers are responsible to conduct their own investigation regarding the Collateral. The sales will be made as-is and where is, with all defects and faults, and without recourse, covenants, warranty, or representations,  express or implied, to satisfy the current respective indebtedness and obligations of the Debtor(s) to Creditor under applicable Security Documents, an account of which is available to the Debtor(s).

Information now available in Creditor’s possession pertaining to the motion pictures has been assembled and will be available for inspection at the SAG-AFTRA offices during the hours of 1:00 p.m.– 4:00 p.m. on June 2, 2016 or by appointment. Each interested party must sign a confidentiality agreement as a precondition to reviewing these materials. To schedule an appointment to review these materials, interested parties should contact Creditor, c/o Susan Lowry, 5757 Wilshire Blvd, 7th Floor, Los Angeles, California 90036, phone number (323) 549-6581.

The sale will be conducted pursuant to the California Commercial Code-Secured Transactions, Section 9610, and all other applicable laws of the State of California.    

Dated May 11, 2016, by Guild Intellectual Property Realization LLC, the successor to Screen Actors Guild, Inc. or SAG-AFTRA as Creditor under the Security Documents