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NOTICE IS HEREBY GIVEN that SFIV SS-1, LLC (“Secured Party”) will offer for sale at public auction the following property:

  1. The Class B Equity Interests owned by Coastal Development, LLC (“Debtor”) in STOF Revenue Stream Holdco LLC, which the Secured Party understands and believes (but makes no representation or warranty as to the accuracy or completeness) constitute all gains and losses relating to payments that are commonly referred to as the “Tranche B Payments” paid indirectly to the Debtor relating to certain non-gaming revenue generated by certain casinos located in the United States, from and by Power Plant Entertainment, LLC.
  2. all Proceeds in respect of the foregoing.
  3. all General Intangibles in respect of the foregoing.

For purposes of the foregoing, “Equity Interests” means shares of stock, partnership interests, interests in joint ventures, limited liability company interests and all other equity interests in a Person, whether or not such stock or interests are classified as Investment Property or General Intangibles under the UCC, and all other capitalized terms not defined shall have the meanings set forth in the Uniform Commercial Code as enacted in New York.

The public auction will take place on July 23, 2020 starting at 2:00 p.m. Eastern Daylight Time (New York) at Secured Party’s offices at 2 Grand Central Tower, 140 East 45th Street, Suite 22-C, New York, NY 10017. In the event of a continuance of the mandate to avoid public assemblies due to the present of the novel coronavirus COVID-19, the public auction will also take place virtually via a teleconference. The Secured Party may cancel the public auction or cause the sale to be adjourned from time to time, without prior written notice or further publication, by announcement to anyone indicating an intent to participate in the sale. Prior to the date of the public auction, all interested bidders wishing to participate in the public auction (virtually or otherwise) shall contact counsel for the Secured Party to obtain instructions for virtual participation. Counsel may be contacted as follows:

Attn: Scott M. Esterbrook, Esquire
Three Logan Square
1717 Arch Street, Suite 3100
Philadelphia, Pennsylvania 19103
Telephone: 215-851-8146
Email: [email protected]

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