Torrance Daily Breeze, NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE (U.C.C. 6101 et seq. and B & P 24074 et seq.) Escrow No. 35245-MW Notice is hereby given that a bulk sale of assets and a transfer of alcoholic beverage license is about to be made. The name(s) and address of the Seller/Licensee are: SHARAREH, INC, 15941 EDWARDS ST, HUNTINGTON BEACH, CA 92647 The business is known as: LINO'S PIZZARIA & ITALIAN CUISINE The name(s) and addresses of the Buyer/Transferee are: SHERBORN ENERGY, INC, 2138 N. GRANDVIEW DR, ORANGE, CA 92867 As listed by the Seller/Licensee, all other business names and addresses used by the Seller/Licensee within three years before the date such list was sent or delivered to the Buyer/Transferee are: NONE Chief Executive Office: 5504 WILMA ST, TORRANCE, CA 90503 The assets to be sold are described in general as: FURNITURE, FIXTURES, EQUIPMENT AND GOODWILL of a certain Liquor License No.: 41-536653 and are located at: 15941 EDWARDS ST, HUNTINGTON BEACH, CA 92647 The kind of license to be transferred is: ON-SALE BEER AND WINE - EATING PLACE License Number: 41-536653 now issued for the premises located at: SAME The anticipated date of the sale/transfer is: MAY 10, 2016 at the office of: ADVANTAGE ONE ESCROW, 7777 CENTER AVE #350 HUNTINGTON BEACH, CA 92647 The purchase price or consideration in connection with the sale of the business and license, is the sum of $145,000.00, including inventory, which consists of the following: DESCRIPTION, AMOUNT: CASH TO OPEN $10,000.00; DEMAND NOTE $40,000.00; PROMISSORY NOTE $85,000.00, DEMAND NOTE $10,000.00, TOTAL CONSIDERATION $145,000.00 It has been agreed between the Seller/Licensee and the intended Buyer/Transferee, as required by Sec. 24073 of the Business and Professions Code, that the consideration for the transfer of the business and license is to be paid only after the transfer has been approved by the Department of Alcoholic Beverage Control. DATED: APRIL 7, 2016 SELLER: SHARAREH, INC, A CALIFORNIA CORPORATION BUYER: SHERBORN ENERGY INC., A CALIFORNIA CORPORATION LA1650100-C DAILY BREEZE 4/14/16
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