PUBLIC NOTICE OF UCC ARTICLE 9 SALE: Ellis Geothermal Inc

NOTICE OF UCC ARTICLE 9 FORECLOSURE AUCTION Personal Property of Ellis Geothermal Inc.

1. PLEASE TAKE NOTICE that on Friday, December 19, 2025, at 10:00 a.m. (CT), the personal property described below (the “Sale Collateral”) of Ellis Geothermal Inc. (the “Debtor”) shall be sold at public auction. Such auction will be conducted at the offices of Cozen O’Connor, City Center, 33 S. Sixth Street, Suite 3800, Minneapolis, Minnesota 55402 and via video conference. This sale is being held to enforce the rights of Massman Geothermal & Mechanical LLC (the “Secured Party”). THE SECURED PARTY EXPRESSLY RESERVES THE RIGHT TO ADJOURN SUCH PUBLIC AUCTION SALE TO A LATER DATE.

2. The Sale Collateral will be sold in a single lot to the highest qualified bidder for cash, or by credit against outstanding indebtedness owed by the Debtor to the Secured Party. Please be advised that Secured Party or its assignees shall have the right to credit bid at the public sale of the Sale Collateral.

3. The Sale Collateral will be sold “AS-IS, WHERE-IS,” without any warranty, including, without limitation, any warranty relating to title, possession, merchantability, fitness for a particular purpose, or the like.

4. Any party wishing to bid on the Sale Collateral must satisfy the following requirements before 5:00 p.m. (CT) on December 17, 2025: (a) contact counsel for the Secured Party at the e-mail address set forth below and provide the Secured Party’s counsel with current contact information and such adequate assurances of bidder’s ability to perform as the Secured Party may reasonably request; and (b) provide the Secured Party’s counsel with a refundable cash deposit of at least one hundred thousand dollars ($100,000) to secure any bids that the bidder may submit at auction. The Secured Party (or any assignee of the Secured Party’s rights) shall not be required to post any such deposit in order to participate in the auction, and shall be permitted to credit bid to the full extent permitted under the Uniform Commercial Code. All deposits, other than the successful bidder’s, will be refunded after the auction. The highest bidder at the auction will be required to deposit the full amount of the bid price in escrow with Cozen O’Connor by way wire transfer that is sent so as to be received by no later than December 23, 2025, at 4:00 p.m. (CT).

For more information regarding the sale, interested parties should contact Joel Nesset, counsel for the Secured Party, by e-mail at [email protected] or by phone at (612) 260-9007.

5. Description of Sale Collateral. The Sale Collateral consists of all of the Debtor’s:

(a) Inventory. All finished goods, raw materials, works in process, supplies, and
inventories of any kind and description;

(b) Tangible Property. All fixtures, improvements, betterments and additions, desks, chairs, cash registers, office equipment, computers, software, and equipment of every kind and description, other than certificated vehicles;

(c) Intangible Property. All goodwill, including, without limitation, telephone number(s), facsimile number(s), any websites, the business name “Massmann Geothermal & Mechanical,” and all other trademarks and trade names;

(d) Licenses and Permits. All licenses, certificates, permits, franchises, and rights issued by any federal, state, or other public authority;

(e) Contracts. All rights of the Debtor under contracts, purchase orders, leases, royalty agreements, instruments, licenses, and other agreements of or relating to the Debtor’s business; and

(f) Customer Lists and Records. All customer lists, books, and records primarily related to the Debtor’s business (excluding corporate record books) or the assets of the business.