Fernandina Beach - Beach Property For Sale #1542028

Court Approved Bankruptcy Auction February 2, 2022 @ 10 AM with starting bid of $5,025,000. Sale isNOT subject to Omni's Right of First Refusal. To become a Qualified Bidder at the Auction Sale, the action items & timeline is as follows: 1/21/22 Deadline for Interested Bidders to deliver proposed contract to Debtors' counsel along with information regarding financial ability (Bid Deadline), - (see attached template of the AS IS Contract for Sale & Purchase & Addendum to Contract) (In regard to financial ability, it will be sufficient to provide a POF letter from a financial advisor or bank), 1/28/222 Deadline for Debtors to determine if an Interested Bidder has submitted a Qualified Bid, 2/1/22 Deadline for Qualified Bidders to deliver $100,000 deposit to Debtors' counsel (by wire transfer into trust account or cashiers' check) File Motion for Order to Approve Sale Free & Clear of Liens 3/1/22 3:30 PM Sale Approval Hearing TBD [within 15 days of entry of order approving sale] Closing