NOTIFICATION OF SECURED PARTY PUBLIC SALE
PUBLIC AUCTION – UCC FORECLOSURE SALE
OFFICES OF FBT GIBBONS LLP
1801 CALIFORNIA STREET, SUITE 2700
DENVER, CO 80202
TO: St. Renatus, LLC
FROM: Stephen D. Tebo d/b/a Tebo Properties (the "Secured Party")
PO Box T
Boulder, CO 80306
DEBTOR: St. Renatus, LLC ("Debtor")
1001 E. Harmony Rd., Ste. A89
Fort Collins, CO 80525
Attention: Cliff Bucholz
PLEASE TAKE NOTICE THAT pursuant to the Uniform Commercial Code, the Secured Party will offer for sale at public auction all of Debtor's patents, fees or royalties with respect to any patents owned by the Debtor , and including without limitation the right to sue for past infringement and damages therefor, and licenses thereunder along with all accessions to, substitutions and replacements for and royalties, rents and products of the foregoing (collectively, the "Collateral"). A complete description of the Collateral may be requested from Counsel for the Secured Party whose contact information is below. The Collateral secures the obligations of the Debtor under that certain Amended and Restated Secured Promissory Note in the original principal amount of $75,000, dated February 2, 2023, between Debtor and the Secured Party (as amended, modified or supplemented from time to time, the "Promissory Note"), pursuant to which the total outstanding principal amount as of the date hereof (after giving effect to all interest and protective advances) is $75,000.00, and all agreements and instruments entered into in connection therewith (collectively with the Promissory Note, referred to herein as the "Loan Documents").
PLEASE TAKE FURTHER NOTICE THAT Secured Party will conduct a public sale of the Collateral at 9:00 am (MT), June 26, 2026 (the "Public Sale") at the offices of FBT Gibbons LLP, 1801 California Street, Suite 2700, Denver, CO 80202. The Public Sale may also be attended virtually. If you wish to receive the electronic link to appear by computer video and audio conference or have any other questions regarding appearance at the Public Sale please contact Timothy M. Swanson, FBT Gibbons LLP, 1801 California Street, Suite 2700, Denver, CO 80202, Tel: 303-406-4896; Email: tswanson@fbtgibbons.com.
PLEASE TAKE FURTHER NOTICE THAT the following will apply with respect to the Public Sale. The Collateral will be sold pursuant to a secured party bill of sale for cash at such price and on such other commercially reasonable terms as the Secured Party may determine. The minimum bidding increments will be $5,000 or such other amount as the Secured Party may announce at the auction. In order for a prospective bidder (other than the Secured Party or its designee) to be a "qualified bidder" and eligible to bid at the Public Sale, each such prospective bidder must demonstrate to the Secured Party's satisfaction, in its sole and absolute discretion, prior to bidding at the sale such prospective buyer's financial ability to tender immediate payment in cash for the Collateral.
PLEASE TAKE FURTHER NOTICE THAT the Secured Party reserves the right to accept or reject any bid and shall not be obligated to make any sale pursuant to this notice. The Secured Party reserves the right to acquire the Collateral at the Public Sale via credit bid in an amount up to the outstanding amount of the debt that is due and owing by Debtor as of the date of the Public Sale.
PLEASE TAKE FURTHER NOTICE THAT Debtor is entitled to an accounting of the proceeds of the Public Sale. For the avoidance of doubt, such accounting does not include an accounting of the amounts outstanding under the Loan Documents, which has already been provided to Debtor. Debtor may request an accounting of the proceeds of the Public Sale by contacting Mr. Swanson at the phone number and/or email address set forth herein after the conclusion of the Public Sale.
PLEASE TAKE FURTHER NOTICE THAT certain information relating to the Collateral may be obtained by prospective bidders, subject to execution of a nondisclosure agreement, by contacting Mr. Swanson at the phone number, or email address set forth herein.
PLEASE TAKE FURTHER NOTICE THAT prospective bidders are invited to submit bids in writing prior to the Public Sale by directing such bids to Mr. Swanson via email at tswanson@fbtgibbons.com.
PLEASE TAKE FURTHER NOTICE THAT THE PUBLIC SALE IS MADE ON AN "AS-IS, WHERE IS" BASIS AND IS WITHOUT RECOURSE, REPRESENTATION, OR WARRANTY OF ANY KIND OR NATURE WHATSOEVER, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. SPECIFICALLY, BUT WITHOUT LIMITATION OF THE FOREGOING, THERE WILL BE NO WARRANTY RELATING TO TITLE, POSSESSION, QUIET ENJOYMENT, OR THE LIKE MADE OR GIVEN IN THIS DISPOSITION. THE PRICE IS PAYABLE IN CASH IN IMMEDIATELY AVAILABLE FUNDS UPON COMPLETION OF THE PUBLIC SALE. THE PUBLIC SALE MAY BE CANCELLED OR RESCHEDULED AT THE DISCRETION OF THE SECURED PARTY.
June 15,22 2026
LCOL0537437