SAN FRANCISCO, OCT 7, 2019 — AUCTION OF THE ASSETS OF MIDO PLAY, INC, A MOBILE APPLICATION FOR PURCHASE AND FULFILLMENT OF LOTTERY TICKETS
Mido Play, Inc. has developed a mobile application for the execution of a courier business model, where end-customers use the mobile application to order state lottery tickets for their own use, to play in groups with friends, or to give as gifts. The operator of the application is responsible for the fulfillment of orders and the claiming of winnings on behalf of the customers. The assets include a mobile app on both Android and iOS, a web wallet, a back-end software runtime infrastructure to support the application, and associated source code, executable code, fulfillment printers and scanners, and both issued and pending US patents that pertain to the intellectual property behind the application.
The foregoing items of Mido Play, Inc. will be auctioned to the highest bidder or bidders, under Article 9 of the Uniform Commercial Code, on Monday, October 28, 2019, at 10:00 a.m. The auction will take place at the offices of Sheppard, Mullin, Richter & Hampton LLP, Four Embarcadero Center 17th Floor, San Francisco, California 94111 (the “Sale Location”). The auctioned items may be auctioned individually, in parcels, or in bulk.
More information regarding the auction items, including an offering memorandum and access to a data room, as well as the opportunity to inspect the auction items, is available by contacting Kevin Kramer at (415) 269-2872 or email@example.com. Interested parties may be asked to sign a confidentiality agreement.
The secured creditor with a lien on the items being auctioned may credit bid at the auction. All other interested bidders must pay by cash or cashier’s check, or such other means that the secured creditor may agree to, in its sole discretion, in advance of the auction. Any interested buyers may be required to provide a deposit in advance of the auction.
The auction may be cancelled, postponed, or continued at any time. The secured creditor reserves the right to postpone the time and date of the sale.
THE SALE OF THE AUCTIONED ITEMS SHALL BE “AS IS”, “WHERE IS”, “WITH ALL FAULTS”, WITHOUT EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, QUALITY OR FITNESS OR ANY OTHER EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS OF ANY KIND. THE SECURED CREDITOR MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, REGARDING THE AUCTIONED ITEMS.
Any sales taxes will be the responsibility of the buyer or buyers. Bids may be oral, but are subject to the terms of a Secured Party Bill of Sale that the buyer or buyers will be required to acknowledge and execute.