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Tuesday, December 31, 2013 11:34:20 AM
Upon the occurrence and during the continuance of an Event of Default, Collateral Agent, MSLP may (i) enter onto the property where any Collateral is located and take possession thereof with or without judicial process, (ii) prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent Collateral Agent deems appropriate, (iii) take possession of Grantor’s premises or place custodians in exclusive control thereof, remain on such premises and use the same and any of Grantor’s, Fuse Science equipment for the purpose of completing any work in process, taking any actions described in the preceding clause, and (iv) collecting any Obligation.
Why do you think Fuse Science just moved all inventory to the Miami Lakes HQ and eliminated the distributor? Dr. Frost and group mandated such. It will be transported to Dr. Frost's class A office in Miami that he just leased to MusclePharm for $4,000 a month.
It's all in the contract and filings.
Fuse employees were told to remove all their personal property from the Fuse Science premises.
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