Notice of Public Sale
NOTICE OF PUBLIC SALE
IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF UTAHCENTRAL DIVISION
CELTIC BANK CORPORATION,
Plaintiff,
v.
BLACKVILLE SOLAR II, LLC; RICHARDSON SOLAR, LLC; DIAMOND SOLAR, LLC; EDISON SOLAR, LLC; and C2 USB 2018 HOLDINGS, LLC,
Defendants.
Case No. 2:24-cv-00140-HCN-CMR
Honorable Howard C. Nielson, Jr.
Magistrate Judge Cecilia M. Romero
NOTICE IS HEREBY GIVEN that Michael M. Beal, the court-appointed Receiver (the "Receiver") for Blackville Solar II, LLC ("Blackville"), Richardson Solar, LLC ("Richardson"), Diamond Solar, LLC ("Diamond"), and Edison Solar, LLC ("Edison," and together with Blackville, Richardson, and Diamond, the "Defendants") in the above-captioned matter is selling substantially all of the Defendants' assets at public auction to the highest bidder payable in lawful money of the United States. A list of the assets being sold, as well as the assets excluded from the sale, is attached hereto as Exhibits A and B.
The sale will be held Monday, November 24, 2025 at 11:00 AM eastern at the Barnwell County Courthouse, 141 Main Street, Barnwell, South Carolina 29812 or as may be continued from time-to-time by the Receiver.
The highest bidder must pay five percent (5%) of its bid in collected funds (the "Bid Deposit") to the Receiver within 24 hours of the close of the auction and must close its purchase of the property within seven (7) days of the approval of the sale by the United States District Court for the District of Utah (the "Court"). Upon approval of the sale by the Court, the Bid Deposit shall be non-refundable. In the event that the winning bidder does not pay the Bid Deposit within 24 hours of the close of the auction, then the Receiver shall select the second-highest bidder as the winning bidder and that bidder shall pay the Bid Deposit within 24 hours of being notified of their selection as the winning bidder. The property sold at auction will be sold free and clear of all interests, "as is, where is," and with no representations or warranties, pursuant to the Court's order approving the sale.
To obtain further information regarding the assets being sold and the public auction, please contact Michael M. Beal, Beal, LLC, 1301 Gervais Street, Suite 1040, Columbia, SC 29201, mbeal@bealLLC.com, 803-722-7888.
EXHIBIT A
Assets Being Sold
Any and all personal property, whether tangible or intangible, owned by BLACKVILLE SOLAR II, LLC, a North Carolina limited liability company ("Blackville Solar"), RICHARDSON SOLAR, LLC, a North Carolina limited liability company ("Richardson Solar"), DIAMOND SOLAR, LLC, a South Carolina limited liability company ("Diamond Solar"), and EDISON SOLAR, LLC, a South Carolina limited liability company ("Edison Solar") (the foregoing, collectively, "Defendants"), including without limitation –
a. all contracts and contract rights;
b. all equipment, machinery, and fixtures;
c. all licenses and permits;
d. all trademarks, tradenames, logos, and other materials used by Defendants;
e. all of Defendants' books, records, and data;
f. the entire businesses of the Defendants;
1. All right, title and interest of the Defendants in the real property leases described on Exhibit B hereto (collectively, the "Pledged Leases"); and
2. All right, title and interest of the Defendants in the real property, fixtures, equipment and personal property located upon or appurtenant to the real property described in the Pledged Leases.
Excluded Assets
The following assets are assets owned by the Defendants and under the control of the Receiver, but are not being sold pursuant to the public sale:
1. All cash, funds, and deposit accounts;
2. All accounts, payment intangibles, receivables, and rights to payment;
3. All rights under policies of insurance and;
4. All claims, counterclaims, and causes of action against Regions Bank and its affiliates, Bakare 777, LLC, Adejare Bakare and related defendants.
IPL0289058
Nov 9 2025