NOTIFICATION OF PUBLICATION FOR DISPOSITION OF COLLATERAL
CROM STRUCTURED
OPPORTUNITIES FUND I, LP
228 Park Ave S PMB 57033
New York, New York 10003-1502
On October 30, 2025 (the "Date of Sale"), at 9:00 a.m. at the offices of Wilentz, Goldman & Spitzer, P.C., 90 Woodbridge Center Drive, Suite 900, Box 10, Woodbridge, NJ 07095-0958, Crom Structured Opportunities Fund I, LP, in its capacity as Collateral Agent (the "Collateral Agent") in favor of the secured parties (the "Seller"), will hold a live public auction of all assets of Inventel.TV LLC ("Debtor" or "Company").
Based on its website, Debtor is engaged in the business of marketing and selling As Seen On TV products such as Drain Buddy, Life Ring, and MicroBoom Smart Glasses. Collateral Agent holds a first-priority security interest in all assets of the Debtor, as evidenced by a valid and perfected UCC-1 financing statement filed with the New Jersey Department of Treasury. As of the date of this letter, the Debtor has failed to make payments due on the underlying loans, which matured on May 24, 2025 and are currently in default. As of October 6, 2025, the amount due was no less than $4,776,115.96, exclusive of legal fees and costs, which shall be added to the Debtor's obligations owing to Seller.
COLLATERAL BEING SOLD: Due to the Debtor's defaults under the promissory notes, security agreements, and any other documents concerning loan(s), financing, credit accommodations, or other transactions by and between Seller and Debtor, including all addenda, amendments and collateral documents related thereto, in their original form and as amended, restated, supplemented, renewed, extended or otherwise modified from time to time (collectively, the "Financing Documents"), and solely to the extent Seller has a first-priority security interest in the same pursuant to the Financing Documents, UCC filings and/or under other applicable law, Seller will hold a live public auction to offer for sale substantially all of the Debtor's presently owned and hereafter acquired rights, titles and interests in and to all of the items identified below (collectively, the "Collateral"):
(i) All assets of the Company, wherever located or deemed located, now owned or at any time hereafter acquired by the Company or in which the Company now has or at any time in the future may acquire any right, title or interest including, without limitation, all machinery, equipment, fixtures, goods, inventory, furnishings, computers, software, motor vehicles, trucks, tanks, boats, ships, appliances, furniture, special and general tools, fixtures, test and quality control devices and other equipment of every kind and nature, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto, wherever situated, all Intellectual Property, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements therefor, all parts therefor, and all substitutes for any of the foregoing and all other items used and useful in connection with any Company's businesses and all improvements thereto; and
(ii) All accounts of the Company; and
(iii) All chattel paper of the Company; and
(iv) All commercial tort claims of the Company; and
(v) All, general intangibles, including: (A) all rights of the Company to receive moneys due and to become due to it thereunder or in connection therewith; (B) all rights of the Company to receive proceeds of any insurance, indemnity, warranty or guarantee with respect thereto; (C) all claims of the Company for damages arising out of any breach of or default thereunder; and (D) all rights of the Company to terminate, amend, supplement, modify or exercise rights or options thereunder; and
(vi) All documents, deposit accounts, goods, instruments, investment property (including all securities, security entitlements and commodity contracts), and letter of credit rights,
(vii) All deposits and all money; and
(viii) All books and records pertaining to the Collateral;
(ix) All Intellectual Property of the Company; and
(x) All Proceeds and products of any of the foregoing, and all substitutions or replacements of any Collateral.
TERMS AND CONDITIONS OF SALE: The Collateral will be sold, as determined in the sole discretion of Seller, at live public auction (the "Auction") to the bidder with the highest or otherwise best bid, for cash except as otherwise provided herein, and on other such commercially reasonable terms as Seller may determine in Seller's sole discretion, on an "AS IS, WHERE IS BASIS, AND WITH ALL FAULTS" and without any express or implied representations or warranties whatsoever, including, without limitation, warranties of merchantability, quiet enjoyment or fitness for a particular purpose or as to the title, value or quality of the Collateral. Seller does not claim title to the Collateral being sold hereunder and disclaims any warranty of title, possession, quiet enjoyment, value or quality of the Collateral and the like in any sale. The Collateral will be transferred to the winning bidder via a Secured Party Bill of Sale that reflects the foregoing. At Seller's sole discretion, some and/or all of the Collateral may be sold collectively, individually and/or in various lots.
Any party interested in bidding at the Auction must register for the same by no later than 12:00 p.m. on October 27, 2025 by contacting counsel for Seller, David H. Stein, Esq., Telephone No.: 732-855-6126; E-Mail: dstein@wilentz.com. To register for the Auction, interested parties must provide a deposit of $50,000.00 in the form of a bank check or a wire transfer payable to the order of the Seller (the "Registration Deposit"). Should any registered party succeed in a bid at the Auction, the sale's closing must be completed within forty-eight hours of the Auction. In the event that the successful purchaser fails to close within the prescribed time period, the Registration Deposit monies shall be subject to forfeiture. For additional information regarding the sale terms, Auction, Collateral, due diligence or other inquiries, please contact counsel for the Seller as noted above. Anyone requesting confidential information relating to the Collateral may be required to sign a non-disclosure agreement.
Seller reserves the right, on or prior to the Date of Sale, to modify, waive or amend any terms or conditions of any sale or impose any other terms or conditions on any sale and, if Seller deems appropriate, to reject any bids or to continue or adjourn any sale, all without prior notice and to credit bid its secured debt. Notwithstanding anything to the contrary herein, all terms of the sale and Auction are at the Seller's discretion.
This sale will additionally be marketed to the public via advertisements to Retail Wire's website and newsletter. Thank you for your attention to this matter.
Very truly yours,
COLLATERAL AGENT
/s/ Liam Sherif
By: Liam Sherif
Authorized Signatory
Crom Structured Opportunities Fund I, LP
liam@crom-llc.com
October 10, 17 2025
LNYS0385431
$194.68