PUBLIC NOTICE OF UCC SALE: Variant Alternative Income Fund

UCC Public Sale Notice

PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York (“NYUCC”), Notice is hereby given that Variant Alternative Income Fund (“Secured Party”), a Delaware statutory trust, will sell certain collateral, including without limitation, loans Wallace Finance LLC and Wallace Management Co. LLC originated that are subject to a participation agreement with Bundled Up LLC, all contracts, agreements and documents relating exclusively or primarily to such loans and all proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, each of the foregoing, (the “Collateral”) at a public sale in accordance with the NYUCC.

The sale will take place at 3:00 p.m. EDT on August 17, 2026, via Zoom, as well as in person at Kleinberg, Kaplan, Wolff & Cohen, P.C. located at 500 Fifth Avenue, 38th Floor, New York, New York 10110, Attention: Mary Kuan, Esq. Remote log-in credentials will be provided to registered bidders upon request. The Collateral will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition, dated May 29, 2026; provided, however, that Secured Party reserves the right, in accordance with the NYUCC, prior to the auction date to cancel the sale in its entirety, or to adjourn the sale to a future date, or to or modify, waive or amend any terms or conditions of the auction or impose any other terms or conditions on the auction and, if Secured Party, or an affiliate of Secured Party, deems appropriate, to reject any or all bids or to continue the auction to such time and place as Secured Party, or an affiliate of Secured Party, in its sole and absolute discretion, may deem fit. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Collateral will be sold as a block and will not be divided or sold in any lesser amounts.

Interested parties that intend to bid on the Collateral should contact Secured Party’s counsel, Mary Kuan, Esq. at (212) 880- 9833 or [email protected] to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by counsel for Secured Party, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, and who are not interested in bidding at least $10,000,000 will not be permitted to enter a bid.