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NOTICE OF BULK TRANSFER " , - ~ t/' 'c.- t~ [E~UW[E @ NOTI CE OF BULK TRANSFER ~'f'AY 17 ';385 TO THE CREDITORS OF CLEARWATER BEACH SUNSET "iNAH~tsW~TES, L TD., d/ b/ a CLEARWATER BEACH H Il TON HOTEL 1. You are hereby notified pursuant to Section 676.107 of the Florida Statutes that a bulk transfer of the inventory and other assets of CLEARWATER BEACH SUNSET HOTEL ASSOCIATES, l TD. , d/b/a CLEARWATER BEACH HI L TON HOTEL is about to be made. The name and business address of the Transferor is as follows: CLEARWATER BEACH SUNSET HOTEL ASSOCIATES, lTD. c/o Welwood limited Suite 1620, 1100 Cleveland Street Clearwater, Florida 33515 All other business names and addresses used by the Transferor within three (3) years last past so far as known to the Transferee are as follows: CLEARWATER BEACH HI L TON HOTEL 715 South Gulfview Boulevard Clearwater, Florida 33515 2. The name and business address of the Transferee is as follows: lANE CLEARWATER LIMITED PARTNERSHIP One lane Center 1200 Shermer Road Northbrook, Illinois 60062 3. The Transferor has informed the Transferee that it intends to pay all debts of the Transferor in full as they fall due as a result of this transaction, but the Transferee has no assurance that the Transferor will in fact cause such debts to be paid in full. 4. The address where you should send final bills for debts of the Transferor is as follows: CLEARWATER BEACH SUNSET HOTEL ASSOCIATES, LTD. c/o Welwood limited Suite 1620, 1100 Cleveland Street Clearwater, Florida 33515 , '1lECEIVED MAY 20 19~ I ;" . /<lJ~;;:~.. 1....., "--__- . ~ c-;J z....a...---;. ~a..---' / .- ~ '-';J "-= ~o C J"l .(-'- /) <! c;Z "-" V'J {. "(, rT7'V _..__ /9) 1 I v ' -------l.- .----,.------ , t ..... 5. The property to be transferred is located at the ClEARWA TEf' BEACH HI L TON HOTEL, 715 South Gulfview Boulevard, Clearwater Beach, Florida, 33515. The property consists of all inventory and equipment- associated with the Clearwater Beach Hilton Hotel. The estimated total of the Transferor's debts as of the date of this Notice is $125,000: 6. The schedule of the property transferred and the I ist of the Transferor's creditors may be inspected at the following address: Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A. 610 N. Florida Avenue Tampa, Florida 33602 Attention: Mrs. Pat Thompson 7. The transfer is not to pay existing debts of the Transferor. 8. The transfer is for new consideration. The total consideration to be paid for the property to be transferred is estimated to be $1,500,000, subject to certain adjustments and prorations between the parties. The payment of the new consideration shall take place 12 days after the date of this Notice at Tampa, Florida. 9. The creditors of the Transferor are to file their claims within thirty (30) days after the date hereof to the following address: Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A. P. O. Box 3239 Tampa, Florida 33601 Attention: Mrs. Pat Thompson DATED: May 16, 1985 41d5007s -2-