UCC ARTICLE 9 Sale: Philadelphia Real Estate

NOTIFICATION OF DISPOSITION OF COLLATERAL

QUANTA FINANCE, LLC (“Secured Party”) will sell the Collateral (as defined below) to the highest qualified bidder in public as follows:

– Day and Date: June 12, 2025
– Time: 2:00 p.m. (CST)
– Place: Remotely, Via Zoom (www.zoom.us/join) – Meeting ID: 826 5590 3191
– Password: 186521

Collateral: (a) Any and all membership and management interests of Pledgors in the Company (which are 100% of the legal and beneficial ownership interests in 1800-1818 N. 4th LLC (“Company”), the Company being the owner of the real property commonly known as 1800-1814 North 4th Street and 1811-1813 Cadwallader Street, Philadelphia, PA 19122) now existing or hereafter acquired (“Ownership Interests”), and all distributions, dividends, capital and profits, cash, warrants, rights, certificates (if any), instruments, chattel paper and other rights, property or proceeds and products from time to time received by Pledgors, receivable by Pledgors or otherwise distributed to Pledgors in respect of or in exchange for any or all of the Ownership Interests; (b) all additional rights of Pledgor to purchase interests in the Company from time to time acquired by Pledgor in any manner (which interests shall be deemed part of the Ownership Interests), the certificates, shares, or other instruments representing such additional instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such additional interests or other rights; and (c) to the extent not covered by clauses (a) and (b) above, all Proceeds of any or all of the foregoing.

The term “Proceeds” has the meaning assigned that term under the Uniform Commercial Code (“Code”) as in effect in the State of California and Pennsylvania and, in any event, shall include, but not be limited to, any and all: (a) (A) proceeds of any indemnity or guaranty payable to Pledgors or Secured Party from time to time with respect to any of the Collateral and (B) any other amounts from time to time paid or payable under or in connection with any of the Collateral; and (b) all of Pledgors’ right, title and interest: (A) as a member in and to the Company, whether now owned or hereafter acquired, including, but not limited to, any management and voting rights with respect to the Ownership Interests, (B) all other property which, absent the Agreement between Pledgors and Secured Party would, now or hereafter, be distributable or distributed, transferable or transferred, payable or paid, or deliverable or delivered to any Pledgors in respect of the Ownership Interests, whether at any time prior to, or in connection with, or after the dissolution of the Company if any, including, without limitation, distributions or dividends of cash and of property in kind by the Company (collectively, the “Distributions”), and (C) all other rights, interests, claims and other property of Pledgors in any manner arising out of or relating to the Ownership Interests, whether such rights, interests, claims or other property are now owned or hereafter acquired by Pledgors, whatever their respective kind or character, whether they are tangible or intangible property, and wheresoever they may exist or be located, including, without limitation, all Proceeds, goods, documents, instruments, general tangibles, chattel paper, accounts and deposit accounts (as such terms are defined in the Code), if any, now owned or hereafter acquired by Pledgors and in any manner arising out of or relating to the Ownership Interests, and further including, without limitation, all of the rights of Pledgors as a holder of the Ownership Interests to: (1) operate the business of the Company and deal with and receive the benefit from the Company’s assets; (2) receive proceeds of any indemnity, warranty or guaranty under any agreement between Pledgors and any other party or entity associated with the Company; (3) fees, income, rents ,proceeds of sale, issues, earnings, deposits, receipts, royalties, revenues, recoveries, compensation, permits, trade or business names, franchises, claims and cause of action arising out of or relating to the Company, and all other powers, property and remedies of Pledgors with respect to any of the foregoing; and (4) access to the Company’s books and records and to other information concerning or affecting the Company.

The sale will be conducted in accordance with the provisions of the Uniform Commercial Code, enacted in California and other applicable jurisdictions. The bid price must be paid in certified check or cashier’s check payable to the order of QUANTA FINANCE, LLC. 20% of the successful bid price will be paid at the time of sale, and the balance must be paid within two business days of the sale.

If the successful bidder defaults on the secured balance, the Secured Party may retain the initial deposit and, at the Secured Party’s option, sell to the next highest bidder.

Secured Party reserves the right to bid part or all of the amount secured by the Collateral being sold without a certified check or a cashier’s check as required for other bidders. Secured Party reserves the right, within three business days of the completion of the bidding, to reject all bids. Secured Party reserves the right to adjourn the sale to another date without further publication or notice by giving notice at the time of the sale.

If Secured Party accepts a bid, the bidder will receive a Secured Party Bill of Sale of the interest of Secured Party in the Collateral purchased, subject to the terms hereof. Secured Party makes no representations or warranties as to the condition of the Collateral and the sale is “as is”, where is and with all faults, subject to any and all taxes, liens, claims or encumbrances. There is no warranty as to title, possession, quiet enjoyment, or the like in this disposition.

Company, CRCP N. 4th LLC and Nav1600 LLC (together, “Pledgors” and collectively, with the Company, “Debtors”) are entitled to an accounting of the unpaid indebtedness, which shall be provided free of charge.

Additional Information: Please contact counsel for Secured Party, for further information:

Levenfeld Pearlstein, LLC, Attorney for the Secured Party
Attn: Jamie L. Burns
120 S. Riverside Plaza, 18th Floor
Chicago, Illinois 60606
(312) 476-7601