PUBLIC NOTICE OF UCC ARTICLE 9 SALE: A Wellhead Company Providing Oilfield Drilling, Production, and Manufacturing services

NOTICE OF UCC SALE

CANARY, LLC
FRONTIER ENERGY GROUP, INC.
CANARY DRILLING SERVICES, LLC
CANARY PRODUCTION SERVICES, LLC
CANARY WELLHEAD EQUIPMENT, INC.
CANARY WELLHEAD MANUFACTURING, INC.

MRP Trading I A, LLC (the “Secured Party”) will conduct, though its counsel, Greenberg Traurig, LLP (“Greenberg Traurig”), on September 11, 2025, at 10:00 a.m. CST or such later date and time as provided below (the “Auction Date”), a disposition of the below-described collateral by public sale (the “Auction”). To participate in the Auction, you must comply with the Participation Requirements set forth below by 4:00 p.m. CST on September 8, 2025 (the “Qualification Deadline”). The below-described collateral includes all assets of the Borrower and the Borrower Affiliates, each as defined below.

1. Debtors. The debtors are the following (each a “Debtor” and collectively the “Debtors”):

a. Canary, LLC (the “Borrower”); and

b. Frontier Energy Group, Inc.; Canary Drilling Services, LLC; Canary Production Services, LLC; Canary Wellhead Equipment, Inc.; Canary Wellhead Manufacturing, Inc. (collectively, the “Borrower Affiliates”).

The Borrower and Borrower Affiliates operate a wellhead company providing oilfield drilling, production, and manufacturing services.

2. Secured Party. MRP Trading I A, LLC.

3. Agreements and Legal Authority Pursuant to Which the Sale Is Held. The Borrower and Borrower Affiliates are obligated to the Secured Party pursuant to, among other loan documents, that certain Second Amended and Restated Revolving Credit and Term Credit Agreement dated as of March 1, 2019 (the “Credit Agreement”). The Borrower and Borrower Affiliates granted to the Secured Party a security interest in substantially all of their assets to secure the Obligations pursuant to an Amended and Restated Pledged and Security Agreement, dated as of December 28, 2012 (the “Security Agreement”).

The foregoing documents, along with any other documents related thereto, are collectively referred to as the “Loan Documents.” The Auction is taking place in accordance with the Loan Documents and the provisions of the Uniform Commercial Code, Section 9-101 et seq. (the “UCC”) as a result of certain defaults by the Debtors under the Loan Documents.

4. Date, Hour, and Manner and Terms of Sale. The Auction will be conducted on the Auction Date at 10:00 a.m. CST virtually by online video conference using Zoom or similar platform (with a telephonic option for those who wish to dial in by phone only) (the “Video Platform”). The Secured Party intends to conduct the Auction through its counsel, Greenberg Traurig. The Secured Party reserves the right to appoint a licensed auctioneer or other entity to conduct the Auction. The Auction may be recorded and/or transcribed.

The Property (as defined below) will be sold to the highest qualified bidder for cash, or the credit against the outstanding indebtedness of the Debtors held by the Secured Party. Please be advised that the Secured Party reserves the right to credit bid, and may credit bid, at the public sale of the Property.

The Secured Party has a first-priority security interest in the Property. The total amount of Obligations due to the Secured Party as of August 21, 2025 is not less than $59,342,899.02. The Property will be sold free and clear of the liens of the Secured Party and any subordinate security interests in the Property.

5. Description of Property to Be Sold. Substantially all of the assets of each of the Borrower and the Borrower Affiliates. More specifically, all “Collateral,” as that term is defined in the Security Agreement, including Borrower’s and each Borrower Affiliate’s right, title, and interest in and to any and all of the following property, whether now owned or existing or hereafter acquired or arising and regardless of where located:

a. Receivables;

b. General Intangibles;

c. Documents;

d. Instruments;

e. Inventory;

f. Equipment;

g. Deposit Accounts;

h. Investment Property;

i. all books and records (including, without limitation, customer lists, marketing information, credit files, price lists, operating records, vendor and supplier price lists, sales literature, computer software, computer hardware, computer disks and tapes and other storage media, printouts and other materials and records) pertaining to any of the Collateral;

j. moneys and property of any kind in the possession or under the control of the Secured Party;

k. equity interests in any direct or indirect subsidiary of Frontier Energy Group, Inc. and other Company Rights related thereto; and

l. Proceeds of any and all of the foregoing Collateral. Additional details regarding the Property and related documents can be obtained by contacting the Secured Party as indicated herein.

6. Participation Requirements. To participate in the Auction and obtain admittance to the Video Platform, before the Qualification Deadline, each prospective bidder must contact the Secured Party at [email protected] and [email protected] and provide (i) current contact information, including a mailing address, telephone number, and email address; (ii) such adequate assurances of the bidder’s ability to perform as the Secured Party may reasonably request; (iii) an agreement by the bidder, for itself and its representatives, that the Auction may be recorded; and (iv) a sale deposit of $1,000,000, which must be increased to 25% of the successful bid by the successful bidder within 24 hours after the conclusion of the Auction (the “Sale Deposit”) by bank wire transfer, certified or cashier’s check, or other form of payment that the Secured Party may agree to in writing. The Secured Party may also require a prospective bidder to execute a confidentiality agreement. The Sale Deposit will be held in escrow and will be credited against the purchase price of the Property on a dollar-for-dollar basis if the bidder is the successful purchaser of the Property at the Auction. All Sale Deposits (except that of highest bidder) shall be returned within three (3) business days of the conclusion of the bidding.

The Secured Party reserves the right to alter or establish additional bidding procedures and requirements to participate at the Auction. The Secured Party also reserves the right to adjourn, continue, or cancel the sale without further notice.

7. No Warranties. The Property will be sold “AS IS, WHERE IS,” “WITH ALL FAULTS,” and “WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, A WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR OR OTHER PURPOSE,” and subject to taxes, special assessments and liens that have been levied or assessed, and/or are unpaid or unsatisfied (none of which will be paid by the Secured Party). The Property is being sold without recourse to the Secured Party, or its attorneys or representatives, including Greenberg Traurig. The Secured Party does not claim title to the Property being sold hereunder and disclaims any warranty of title, possession, quiet enjoyment, and the like in the sale.

The Secured Party and Greenberg Traurig make no representation or warranty as to (i) state or condition of title, (ii) physical, financial, or environmental condition, (iii) existence, validity, or amount of any liens or claims senior or pari passu to that of the Secured Party, or (iv) value of or income produced or that may be produced by the Property.

8. No Fees Payable. No person shall be entitled to any expense reimbursement, brokerage fee, breakup fee, “topping,” termination or similar fee or payout from the proceeds of the Auction.

9. Postponement or Cancellation of Public Sale. The Auction scheduled on the date set forth above may be postponed or cancelled. In such event, an announcement will be made by the Secured Party at the currently proposed date and time of the Auction and by contacting all qualified bidders by email.

10. Additional Information. If you seek any additional information regarding the Auction or the Property, please contact legal counsel for the Secured Party, Greenberg Traurig, at: Michael Fisco (612-259-9710; [email protected]) and Eric Howe (612-259-9716; [email protected]).

GREENBERG TRAURIG, LLP
90 South 7th Street, Suite 3500
Minneapolis, MN 55402