NOTICE OF EQUITY AUCTIONS
Please take notice that all current Equity Interests in the Debtors in the cases styled Southwest Ft. Worth Memory Care, LLC ("Southwest") Case No. 25-41419-mxm-11; and Cypresswood Spring Memory Care, LLC, ("Cypresswood") Case No. 25-41420-mxm-11, pending in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division, will be cancelled under the Debtor's First Amended Joint Plan of Reorganization (the "Plan") pending before the Bankruptcy Court for approval in this case and new equity interests comprising 100% ownership in the Reorganized Debtors will be issued on the Effective Date of the Plan. At 9:00 a.m. on October 2, 2025 counsel for the Debtors will conduct auctions of the new equity interests in Southwest and Cypresswood (the "Equity Auctions"), which will be sold to the highest bidders for cash plus an executed Funding Agreement. The Equity Auctions will take place at the offices of Debtors' counsel located at 117 S. Dallas St., Ennis, TX 75119. The "stalking horse" bidder will submit opening bids consisting of a) $20,000.00 for the Equity Interests in Southwest, and $10,000 for the Equity Interests in Cypresswood (the "Cash Bids"), plus b) the executed Funding Agreements. After the opening bids, each subsequent Cash Bid shall be in increments of at least $5,000 greater than the previous Cash Bid. In addition to the Cash Bids, all competing bidders must execute a Funding Agreement in the same form as the aforementioned Funding Agreements. Any party interested must provide notice of intention to bid and evidence of financial ability to perform under the Funding Agreements to the Debtors' counsel no later than September 25, 2025, which is five (5) business days prior to the Equity Auctions. The winning bidder must deposit the funds into the trust account of Debtor's counsel within 48 hours of the announcement of the winning bid. The cancellation of Debtors' old Equity Interests, auction procedures, and purchase of Debtors' new equity hereunder is contingent upon the Court's approval of the Plan. If the Plan is not confirmed by the Court, the Equity Auctions shall have no effect. Please address addition inquiries to Joyce Lindauer, Debtor's counsel at 117 S. Dallas St., Ennis, TX 75119 or joyce@joycelindauer.com.
IPL0271165
Sep 10,17 2025