Dear YouFit Members,

As you know, our mission has always been to change what going to the gym means. Our health clubs are a place where you can get a great workout in a welcoming environment, and where you will get the support and services you need to make the most of your fitness journey.

As we navigate these unprecedented times together, we wanted to inform you of some exciting news which we think would allow YouFit to strengthen our continuing commitment to you and your healthy and active lifestyle going forward, at the same high standards you have come to expect from us. We recently notified you about our choice to strengthen our business by restructuring and filing for chapter 11 relief on November 9, 2020, and the positive milestones we have reached towards that goal, including an agreement to sell the business. 

Today, we are happy to give you an update on the restructuring process, what it means for you, and notify you of certain rights you have.  On December 28, 2020, the bankruptcy court approved the sale of YouFit’s business to the buyer, YF FC Acquisition LLC, a group of well-funded and sophisticated investors.  The court order approving that sale is available here. The purchase agreement between YouFit and the buyer is available here, and the first amendment to the purchase agreement is available here.  As part of that sale, we have agreed to transfer all of our rights related to our members, including customer accounts, customer purchases, customer lists, or membership or personal training agreements (the “Membership Assets”) to the buyer free and clear of any and all claims and liens. We believe that closing this sale transaction provides the best opportunity for us to continue our business as a going concern and to support you with what matters most, your health and your well-being.

If you have an objection to the sale, including the transfer of the Membership Assets, you must file your objection in writing with the court by or before January 12, 2021 at 4:00 p.m. eastern time.  Instructions on how to file an objection are available here.  If you do not timely file an objection, the sale, including the transfer of the Membership Assets, will apply to you.

If you need more information or would like to learn more about our restructuring efforts, you may do so by visiting our claims and noiticing agent's website here

As always, thank you for your continued membership at YouFit.  We love seeing you at the gym and being a part of your journey to live a healthier, more fit life.

Sincerely,

The YouFit Executive Team

Dated: December 29, 2020