NOTIFICATION OF DISPOSITION OF COLLATERAL TO: ALL PARTIES ON THE ATTACHED LIST FROM: PATRIOT SCIENTIFIC CORPORATION (SECURED PARTY) 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011 (760) 547-2700 NOTICE IS HEREBY GIVEN of a sale ("Sale") of personal property collateral (the "Collateral") under the California Uniform Commercial Code ("UCC"). Holocom Networks, a California corporation ("Debtor"), granted a security interest in the Collateral to Patriot Scientific Corporation, a Delaware corporation ("Secured Party"). There has been a default under the secured obligation, and Secured Party will sell all the Collateral at the Sale. The Collateral to be sold at the Sale consists of all or essentially all of the Debtor<3/8>s personal property, including but not limited to all equipment, inventory, other goods, accounts, deposit accounts, commercial tort claims and other causes of action, documents, general intangibles, patents and patent applications, trademarks, service marks, trade secrets, copyrights, royalties, other intellectual property, instruments, monies and oil, gas and other minerals before extraction. The Sale will be a public sale. The Collateral will be sold in one lot, "as-is" without any covenant or warranty of any kind whatsoever, whether express or implied, and subject to any and all liens or interests senior to the interest in the Collateral held by any other party. There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. Secured Party will have the right to credit bid at the Sale up to the total remaining unpaid balance of the secured obligation owed to Secured Party, consisting of principal of $580,000, plus any and all interest and other charges due, as well as all costs, expenses, and advances. Any other successful bid (i.e., other than the credit bid of Secured Party) must be paid to Secured Party in U.S. Dollars, in cash or by a cashier<3/8>s check at the conclusion of the Sale. The Sale will be held at 9:00 a.m. on Friday, February 2, 2007, at the offices of Luce, Forward, Hamilton & Scripps, LLP, 600 West Broadway, Suite 2600, San Diego, California 92101. The Collateral will be sold to the highest bidder. The Collateral will not be available for viewing at the Sale. Viewing of the Collateral shall be held on February 6, 2007. Please contact the Secured Party at the address and/or telephone number listed above for more information on viewing the Collateral, to obtain a list of the Collateral or for more information on the Sale. The Debtor is entitled to an accounting of the unpaid indebtedness secured by the Collateral to be sold at the Sale and may request such an accounting by contacting Secured Party at the address and/or telephone number listed above. Date of this Notice: January 19, 2007 LUCE, FORWARD, HAMILTON & SCRIPPS LLP 600 West Broadway, Suite 2600 San Diego, California 92101 Phone: (619) 236-1414 Facsimile: (619) 232-8311 Email: osorensen@luce.com By: Otto E. Sorensen, Esq. Attorneys for Secured Party

 

 

The second one I can't copy b/c it is a pdf file-maybe someone else can.--sorry, ads