PLEDGED SHARES OF STOCK

Auction by: Maltz Auctions

UCC Foreclosure Auction

Pledged Shares of Stock in ZAO Eurostandard & ZAO Eurodesign

Live Auction

Begins: Monday, August 10, 2020 at 10:00 AM EDT

Location: Maltz Auctions – Virtual Auction, 39 Windsor Place, Central Islip, NY 11722

Details

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UCC Foreclosure Auction – Online Auction

Pledged Shares of Stock in ZAO Eurostandard & ZAO Eurodesign

 

Details:

  • BY VIRTUE OF DEFAULT under that certain Secured Promissory Note as secured by that certain Stock Asset Pledge Agreement (collectively, the “Pledge Agreement”) pledging all shares of stock (the “Pledged Interest”) as defined in the Pledge Agreement, duly executed on November 27, 2017, by Power Decade LLC (collectively the “Pledgor”), and in accordance with its rights as holder of the security, Regina Monasabien (the “Secured Party”) by virtue of a UCC1 Filing Statements in favor of Secured Party, all in accordance with Article 9 of the Code, Richard B. Maltz  (DCA # 1240836) or David A. Constantino (DCA# 1424944), Auctioneer, will conduct a public sale, consisting of the Pledged Interest (as set forth in Schedule A below), on August 10, 2020 at 10:00A.M., via online bidding, in satisfaction of an indebtedness in the approximate amount of $632,334.00, including principal, interest on principal and reasonable fees and costs, plus default interest through August 10, 2020, subject to open charges and all additional costs, fees and disbursements permitted by law.   The Secured Party reserves the right to credit bid.

  • Online bidding will be made available for pre-registered bidders via Maltz’s online bidding App available for download in the App Store or on Google play and via desktop bidding at RemoteBidding.MaltzAuctions.com .


    SCHEDULE A


    PLEDGOR

    Power Decade LLC

    ISSUER

    ZAO Eurostandard, located at 113 Soboleva St., Smolensk, Russia

    INTERESTS PLEDGED

    100% shares of stock

    PLEDGOR

    Power Decade LLC

    ISSUER

    ZAO Eurodesign, located at 113 Soboleva St., Smolensk, Russia

    INTERESTS PLEDGED

    100% shares of stock

     

     

     

    The UCC1 was filed on March 5, 2018 with the Secretary of State of the State of New York under the Filing No. #20183050106376.

 

Bidder Qualification Deadline: Friday, August 7, 2020 at 4:00 pm.  Executed Terms & Conditions of Sale along with a deposit in the amount of $50,000 via wire transfer are required for consideration by any interested party.

Bid Delivery Location: KRISS & FEUERSTEIN LLP, 360 Lexington Avenue, Suite 1200, New York, NY 10017.

Auction Date & Time: Monday, August 10, 2020 at 10:00 am.  

Auction Location: Virtual Auction.

Terms & Conditions of Sale:  See attached terms of sale for details.

 

KRISS & FEUERSTEIN LLP, Attorneys for the Secured Party
 Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the asset is made by the Seller, Auction Company or any of their Agents. Maltz is acting exclusively as marketing agent for the Sellers.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and asset.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the asset.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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