November 24, 2021
PLEASE TAKE NOTICE that on November 24, 2021 at 9:30 A.M. (CST), due to certain defaults under the Second Amended and Restated Secured Note executed by Cake Craft Factory LLC and made payable to Big Shoulders Capital VI, LLC (“Lender”) dated as of August 10, 2020 in the original principal amount of $574,479.16 and the related loan documents (the “Loan Documents”) substantiating a certain loan or loans (collectively, the “Loan”), and pursuant to and in accordance with Texas Business & Commerce Code Section § 9.101 et seq. (the “UCC”), Big Shoulders Capital VI, LLC, 105 Revere Drive, Suite D, Northbrook, IL 60062 (tel: 630-774-6661) or its assignee, successor, designee or sub-agent (collectively, the “Lender”), shall dispose of the property listed in Exhibit A (collectively, the “Collateral”), by public sale (the “Auction”), which shall be held by videoconference as follows:
|Date:||Wednesday, November 24, 2021|
|Time:||9:30 a.m. CST|
|Place:||Zoom Video Conference Call
Meeting ID: 872 6821 9117
Security Passcode: 683592
The Collateral consists primarily of equipment of Cake Craft Factory LLC located in Garland, Texas.
Only bidders that are eligible to bid (“Qualified Bidders”), will be permitted to participate in the Auction. Among other requirements, Qualified Bidders will be required to deliver a deposit of $20,000 and demonstrate that they have available funds in the amount of their bid. If there are no Qualified Bidders, the Collateral can be sold to the Lender on the basis of a credit bid.
The Collateral will be sold AS IS, WHERE IS, WITH ALL FAULTS, and neither the Lender nor any person acting for or on behalf of the Lender makes any express or implied representation, warranty or guarantee of any kind, including the adequacy of notice of the sale. The Collateral will be sold without recourse of any kind. Each Qualified Bidder must make its own inquiries concerning the Collateral. The Collateral will only be sold to the highest bid at the Auction as a single lot.
This notice is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any interests in any securities or assets. The debtor is entitled to an accounting of the unpaid indebtedness.
For more information, please contact Howard Marc Spector, Spector & Cox, PLLC, Dallas, Texas at 214-365-5377.
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