PUBLIC NOTICE OF UCC ARTICLE 9 SALE: Cliff Street Apartments, LLC

FOURTH AMENDED NOTICE OF SECURED PARTY’S PUBLIC SALE OF MEMBERSHIP INTEREST IN CLIFF STREET APARTMENTS, LLC UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE

Pursuant to Section 9.610 of the Texas Business and Commerce Code (the Texas Uniform Commercial Code, the “UCC”), Naquata Properties, LLC, a Texas limited liability company, (herein “Lender”), through its counsel acting as its agent, Bourland, Wall & Wenzel, P.C. (“Agent”), on September 8, 2026 at 10:00 a.m. Central Daylight Time or such later date as provided below (the “Auction Date”) will sell at public sale (the “Auction”) the Collateral (as defined below) pledged by Jason McCallie (“Pledgor”), in accordance with the terms hereof, that certain Note Secured by Security Agreement dated January 1, 2020 executed by Pledgor (the “Note”), and that certain Security Agreement dated January 1, 2020 executed by Pledgor (the “Security Agreement”) (the Note and the Security Agreement may be referred to colle19tively as the “Loan Documents”). To participate in the Auction, you must comply with the Participation Requirements below by September 2, 2026 (the “Bid Deadline”).

This Fourth Amended Notice of Public Sale of the Collateral updates and amends the previous Notice of Public Sale of the Collateral dated June 24, 2026, Amended Notice of Public Sale dated July 9, 2026, Second Amended Notice of Public Sale dated July 21, 2026, and Third Amended Notice of Public Sale dated July 29, 2026.

Collateral description

The Collateral to be sold at the Auction consists of all of Pledgor’s right, title, and interest to the following (collectively, the “Collateral”):

1. Pledgor’s undivided 50% interest as a member in and to that certain limited liability company named CLIFF STREET APARTMENTS, LLC, a Texas limited liability company (the “Company”), described in the limited liability company agreement of the Company dated February 20, 2017, by the initial member of the Company, as amended or modified and in effect (the “Company Agreement”), together with all of Pledgor’s other rights, title, and interest of every kind and character whatever in and to the Company and under the Company Agreement (the “Pledged Securities”); and
2. all of Pledgor’s share of profits, distributions, income, and surplus from the Company and Pledgor’s interest in specific properties of the Company on dissolution or otherwise.

The Company owns a multi-family apartment complex known as the Cliff Street Apartments located at 617 Cliff Street, Hillsboro, Texas 76645 (the “Real Property”). For the avoidance of doubt, the Real Property is not part of the Collateral and is not up for sale at the Auction.

Lender has a first priority security interest in the Collateral pursuant to the Loan Documents. Pledgor is in default under the Loan Documents and Lender is entitled to exercise its rights under Article 9 of the UCC.

Time, Date, and Manner of Sale

The Auction will take place on September 8, 2026, at 10:00 a.m., Central Daylight Time, at the offices of Bourland, Wall & Wenzel, P.C., 301 Commerce Street, Suite 2500, Fort Worth, TX 76102, but all open bidding shall be conducted exclusively via video conference. Only Qualified Bidders (as defined below) and their representatives may attend. Video conference credentials will be supplied to Qualified Bidders.

Participation Requirements

In order to participate in the bidding process at the Auction and obtain admittance to the video conference, each person (a “Potential Bidder”) must deliver to counsel to Lender via email at [email protected] by the Bid Deadline:

1. an executed confidentiality and non-disclosure agreement in form and substance satisfactory to Lender (“NDA”);
2. current financial statements of the Potential Bidder that will show sufficient assets to be able to close on a purchase of the Collateral or other evidence of the ability to purchase the Collateral reasonably satisfactory to Lender;
3. an agreement by the Potential Bidder and the representatives of the Potential Bidder taking part in the Auction to being recorded. No representatives of the Potential Bidder may take part in the Auction without providing such agreement. Such agreement shall also designate a single individual authorized to speak on behalf of the Potential Bidder at the Auction; and
4. such other information and other executed documents and agreements as the Lender may request in its discretion.

A Potential Bidder that complies with the foregoing requirements and is approved by the Lender shall be deemed a qualified bidder (each, a “Qualified Bidder”). Lender shall also be deemed to be a Qualified Bidder.

Information and Due Diligence:

A Qualified Bidder will be permitted to perform due diligence by contacting the following representative of the Agent: David Goodman ([email protected]). Lender will provide access to information regarding the Collateral to Qualified Bidders at the Lender’s discretion. Each Potential Bidder that executes an NDA shall be deemed to acknowledge and represent that (i) it is bound by the Terms and Conditions of Sale in this Notice; (ii) it has had an opportunity to perform due diligence on the Collateral; (iii) it is not relying upon any written or oral statements, representations, or warranties of the Lender, or its staff, agents or attorneys; and (iv) all provided documents and reports have been provided solely for the convenience of interested parties and neither the Lender nor its staff, agents or attorneys, make any representations as to the accuracy or completeness of same. Qualified Bidders are solely responsible for performing their own due diligence to determine the nature, value, fitness for use, and status of the offered Collateral through independent investigation by themselves and their legal and financial advisors.

Terms and Conditions of Sale

The Collateral will be offered for sale to any Qualified Bidder in a single block to a single purchaser for cash only, without recourse against the Lender and subject to the disclaimer of representations and warranties set forth below.

The Auction will be conducted by open bidding via video conference in accordance with this notice and with any additional bidding procedures that may be distributed by the Agent not less than one business day prior to the Auction Date. The Auction will be recorded. The Collateral shall be sold for cash at such price or prices and on such other commercially reasonable terms as Lender may determine; provided Lender may credit bid as set forth below. Lender reserves the right to establish a minimum bid or reserve price in its sole discretion. Higher bids will continue to be entertained until Lender has determined that it has received the highest or best bid for the Collateral in its reasonable discretion. Lender reserves the right to reject any and all bids.

All bids must be made orally by a Qualified Bidder at the time of the Auction. Lender reserves the right to postpone or adjourn the Auction to a future date by giving notice thereof at the Auction without the necessity of prior or subsequent notice or published notice.

The Pledged Securities are unregistered securities under the Securities Act of 1933 (the “1933 Act”). Because the Pledged Securities are unregistered under the 1933 Act they will be sold in bulk in one block. The sale of the Collateral will be conducted in compliance with federal and state securities laws, including without limitation: (i) each bidder’s representation that he, she or it (a) is an “accredited investor” as defined in Regulation D under the Securities Act of 1933, as amended, or (b) (1) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the risks and merits of the investment, and (2) has sufficient financial means to afford the risk of the investment, and (c) is acquiring the Collateral for investment purposes with no present view to a further distribution; and (ii) acknowledgement by the purchaser that the Collateral is a restricted security, the further transfer of which is restricted unless registered or exempt from registration under state and federal securities laws, and that any membership certificate representing the purchaser’s interest in the Collateral will bear a legend substantially to such effect.

THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE PLEDGED SECURITIES TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED.

Lender reserves the right to bid for and purchase the Collateral and to credit its bid and purchase price against the indebtedness secured by its security interests in the Collateral and all expenses of the sale as allowed by law, notwithstanding any requirement herein that the sale of the Collateral be for cash.

Twenty-five percent (25%) of the purchase price must be paid at the time of the Auction by wire transfer of immediately available funds, or such other method accepted by Lender in its sole discretion. The remainder of the purchase price must be paid in full within two (2) business days of the Auction by a wire transfer of same day funds, or on such other terms as agreed by Lender in its sole discretion. Should the successful bidder fail to deliver either payment of the purchase price at the time required herein, the Lender reserves the right, in its sole discretion, to re-sell the Collateral and retain any amounts previously paid by the defaulting successful bidder, and any loss arising from such sale shall be the responsibility of the defaulting successful bidder.

Qualified Bidders are advised to contact the Lender as indicated herein prior to attendance.

The Collateral will be sold subject to any applicable federal tax liens, leases, prior security interests and liens, any prior encumbrances or charges, and all terms and restrictions of the Company Agreement.

No Representations or Warranties by the Lender

THE COLLATERAL WILL BE SOLD WITH ALL FAULTS, AS-IS, WITHOUT RECOURSE AGAINST LENDER, AND WITH NO EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO TITLE, USE, CONDITION, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, MARKETABILITY, OR OTHERWISE.

LENDER MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE COLLATERAL, THE CONDITION OF THE COLLATERAL, THE TITLE TO THE COLLATERAL, THE EXISTENCE OR NATURE OF ANY LIENS OR ENCUMBRANCES, THE VALUE OF THE INTEREST OFFERED FOR SALE, AND EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES OF MERCHANTABILITY, MARKETABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND OTHERWISE.

Inquiries

Persons who are interested in becoming a Qualified Bidder for the Collateral and desire more information concerning the Collateral or the Auction may contact Lender’s counsel as follows:

David J. Goodman
[email protected]
Bourland, Wall & Wenzel, P.C
301 Commerce Street, Suite 2500
Fort Worth, Texas 76102
(817) 877-1088

Accounting

Pledgor is entitled to an accounting of the unpaid debt at no charge by contacting David Goodman, counsel for Lender, by e-mail at [email protected] or by phone at (817) 877-1088.

This Notice of Public Sale of Collateral is dated August 12, 2026.