PUBLIC NOTICE OF UCC ARTICLE 9 SALE: IntegriCo Composites of Louisiana

NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS
OF INTEGRICO COMPOSITES OF LOUISIANA UNDER UNIFORM COMMERCIAL CODE

PLEASE TAKE NOTICE THAT on May 29, 2024, at the hour of 11:00 a.m. Central  Time, Closed Loop Fund LP (“Secured Creditor”) as a secured creditor of IntegriCo Composites of Louisiana, L.L.C. (the “Obligor”) will hold, remotely via Zoom, a publicly advertised foreclosure sale under Section 9-610 of the Uniform Commercial Code (“UCC”) of all of the personal property collateral pledged respectively to Secured Creditor, including, without limitation, the equipment that was acquired with proceeds from the loan of the Secured Creditor and all contracts, equipment, inventory, accounts, general intangibles, instruments, documents and chattel paper (as each of those terms is defined in the UCC) and other personal property assets of Obligor.  The Obligor had generally been in the business of manufacturing of composite products created from recycled plastics.

The sale will be held on a “WHERE IS, AS IS” basis, without any representations or warranties, express or implied, by the Secured Creditor or any person acting for or on behalf of the Secured Creditor, and without any recourse whatsoever to the Secured Creditor or any person acting for or on behalf of the Secured Creditor.  There is no warranty relating to title, possession, quiet enjoyment, access or the like in this disposition.  Secured Creditor intends to offer its collateral in lots to be identified prior to the public sale and reserves the right to offer its collateral for sale as a single lot or to offer some or all of the collateral for sale as sublots.

Secured Creditor reserves the right to establish other reasonable bidding procedures and to have potential bidders demonstrate its ability to perform and close to the reasonable satisfaction of the Secured Creditor.  Secured Creditor reserves the right to credit bid solely with respect to its collateral or to increase any credit bid price with respect to its collateral at the public sale.  Secured Creditor also reserves the right to adjourn, continue or cancel the public sale or to reject any or all bids, in each case without further notice.  Qualified bidders may be permitted to submit written bids in advance and will be provided with the access information necessary to participate in the public sale remotely via Zoom.

Any parties interested in further information about the assets to be sold in the public sale should contact the counsel for the Secured Creditor as set forth below.