PUBLIC NOTICE OF UCC SALE: 285 Madison Mezzanine LLC

NOTICE OF UCC PUBLIC SALE OF COLLATERAL

PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, KTB CRE Debt Fund No. 11, a Korean investment trust, the facility agent under a certain loan agreement (“Secured Party”) will offer at public auction, via Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, all member and other equity interests in and to 100% of the limited liability company interests (the “Pledged Securities”) in 285 Madison Owner LLC (the “Mortgage Borrower”) pledged by 285 Madison Mezzanine LLC (the “Debtor”), which Mortgage Borrower, directly or indirectly owns, leases and/or operates the real property located at 285 Madison Avenue, New York, New York 10022 (the “Premises”).

Secured Party is offering for sale the Pledged Securities and certain rights and property related thereto each of which was pledged by the Debtor under a Pledge and Security Agreement, dated November 6, 2007, in favor of Secured Party (the “Pledge Agreement”). The sale is being made in connection with the foreclosure by Secured Party under the Pledge Agreement, pursuant to which the Debtor granted to Secured Party a first priority lien on the Pledged Securities as collateral for the loan (the “Mezzanine Loan”) from Secured Party to the Debtor. The Mezzanine Loan was made pursuant to a loan agreement dated November 6, 2017 (the “Mezzanine Loan Agreement”). The Mezzanine Loan is subordinate to a mortgage loan (the “Mortgage Loan”) made pursuant to a loan agreement dated November 6, 2017 (the “Mortgage Loan Agreement”) and other obligations and liabilities of the Mortgage Borrower or that are otherwise affecting the Premises. The Pledged Securities are also subject to the governing documents of the Mortgage Borrower (including its operating agreement). The Mezzanine Loan and Mortgage Loan are each subject to the terms of an Intercreditor Agreement, dated as of November 6, 2017 (the “Intercreditor Agreement”).

The public auction will be held in person at the offices of DLA Piper LLP (US) at 1251 Avenue of the Americas, 27 th Floor, New York, New York 10020 and virtually via Zoom Remote Meeting on April 15, 2025 at 1:00 p.m. (EST). Secured Party reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date. The Pledged Securities have not been and will not be registered under the Securities Act of 1933 (the “Act”) and are being offered for sale in a transaction exempt from the requirements of the Act. All potential bidders will be required to comply with all federal and state securities laws in effect in respect of the submission of bids and actual purchases of the Pledged Securities. The Secured Party reserves the right to require bidders to represent that the Pledged Securities are being purchased with investment intent for the bidders own account and not with a view toward resale or distribution and will not be resold except pursuant to a valid registration statement under the Act or pursuant to an applicable exemption. Additional representations may be required to comply with transfer requirements and state securities laws that may apply. The Pledged Securities will be sold “as-is, where-is”, with no express or implied warranties or representations of any kind made by Secured Party and without any recourse whatsoever to Secured Party. Secured Party reserves the right to credit bid, reject bids from any bidder that is not a “Qualified Transferee” as that term is defined in the Intercreditor Agreement, terminate, or adjourn the sale to another time, and to sell the Interests at a subsequent public or private sale and to impose any other commercially reasonable conditions upon the sale of the Interests as Secured Party may deem proper. Secured Party further reserves the right to determine the qualifications of any bidder, including a prospective bidder’s ability to close the transaction on the terms and conditions referenced herein and to modify these terms of sale.

The sale shall be a public auction to the highest qualified bidder. In order to bid at the auction, qualifying bidders shall be required not later than April 11, 2025 to deposit a qualifying deposit of $500,000.00 (a “Qualifying Deposit”) with an escrow company selected by the Secured Party as described in greater detail in the terms of sale. All bids (other than bids submitted by Secured Party) must be submitted in writing and must be for cash. No sale shall be final until accepted in writing by Secured Party. Any successful bid (other than a bid submitted by Secured Party) must be accompanied with its acceptance at the sale by a certified check made payable to Secured Party or an immediate wire transfer in an amount, less the amount of any Qualifying Deposit, not less than ten percent (10%) of the bid amount (the “Deposit”) within one (1) business day of the auction, as a deposit on the sale price, with the entire balance payable in immediately available good funds (wire transferred from, or certified check drawn on and certified by, a U.S. commercial bank that is a member of the Federal Reserve system) within ten (10) business days after the conclusion of the auction at the offices of DLA Piper LLP (US), 1251 Avenue of the Americas, 27 th Floor, New York, New York 10020.

Interested parties must execute a standard confidentiality and non- disclosure agreement (the “Confidentiality Agreement”). To review and execute the Confidentiality Agreement, please visit our website at REVERE (https://bit.ly/285MadisonUCC). For questions, inquiries, and information on how to register for the auction, interested bidders must contact Amy Brooks of NEWMARK at [email protected] or Dennis D. Kiely, Esq. of DLA Piper LLP (US), counsel for Secured Party, at [email protected]. Interested parties who do not comply with the foregoing and any other requirements of the applicable terms of sale prior to the deadlines set forth therein will not be permitted to enter a bid.