Mr. Gillard:
You have previously expressed an interest in the assets of Gene and Georgianna Cunningham and/or the stock in Illinois Pinball. I am writing to inform you that I have received an offer of $500,000 for assets of Gene and Georgianna Cunningham including the stock in Illinois Pinball and have asked for Court permission to accept it. Attached is a Notice of Intent to Sell which sets forth the assets being sold and the conditions of the sale. Anyone who wishes to bid more than $500,000 for the assets listed will have to do ALL of the following:
1. File an objection to the sale on or before May 29, 2014
2. Bid an amount in excess of $500,000
3. Accept the same terms and conditions as the current bidder
4. Be willing and able to tender earnest money in the amount of 10% of the bid
5. Be willing and able to pay the balance of the purchase price within 3 business days after an Order is entered approving the sale
6. The successful bidder will have to remove all of the property from its current location within 45 days from the date an Order is entered approving the sale.
ALL OF THE PROPERTY INCLUDING THE STOCK IS SOLD “AS IS” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, ORAL OR WRITTEN, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE, QUALITY, MERCHANTABILITY, AND FITNESS FOR ANY PARTICULAR USE.
Please contact me if you need further information.