BIDDING PROCEDURES IN COMPLIANCE WITH COMPROMISE AND SETTLEMENT AGREEMENT
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NOTIFICATION OF PUBLIC DISPOSITION OF COLLATERAL
(NON-CONSUMER TRANSACTION)
December 22, 2007
To Debtors/Obligors: Plasticon International, Inc. 3288 Eagle View Lane, Suite 290 Lexington, KY 40509
Pro Mold, Inc.
10315 Page Industrial Blvd.
St. Louis, MO 63132
Notice also to the entities and individuals listed below
From Secured Parties: John P. Murphy III Revocable Trust No. 1; 10315 LLC, a Missouri limited liability company; Pro Plas, LLC, a Missouri limited liability company; and John P. Murphy III, an individual c/o Stone, Leyton & Gershman, A Professional Corporation 7733 Forsyth, Suite 500 St. Louis, MO 63105 (314) 721-7011 ext. 124 rcase@stoneleyton.com hsmotkin@stoneleyton.com
Notice of Public Disposition: We will sell or otherwise dispose of the collateral to the highest qualified bidder in public as follows:
Day & Date: Friday, January 11, 2008
Time: 11:00 a.m. CST
Place: 1st Floor, Plaza Level – North Front Door
St. Louis County Government Center Courts Building
7900 Carondelet Avenue
Clayton, Missouri 63105
Collateral: Any and all of the personal property of Debtor Pro Mold, Inc., including but not limited to accounts receivable, equipment, fixtures, general intangibles, inventory, and leases and the books, records, and proceeds relating to any of the foregoing including but not limited to account and insurance proceeds. Stock Certificate No. 4, representing 1,000 shares and all of the outstanding shares of common stock of Pro Mold, Inc.
The Debtor is entitled to one accounting every six months of the unpaid indebtedness secured by the property that we intend to sell. The Debtor may request an accounting by contacting us at the (314) 721-7011 ext. 124. The charge to the Debtor for any additional accountings is $25.00 each.
E. Rebecca Case, attorney for Secured Parties:
John P. Murphy III Revocable Trust No. 1;
10315 LLC, a Missouri limited liability company;
Pro Plas, LLC, a Missouri limited liability company; and
John P. Murphy III, an individual.
Plasticon International, Inc. and
Pro Mold, Inc.
December 22, 2007
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