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RECEIVERSHIP SPECIALISTS SUPERIOR AND U.S. FEDERAL COURT RECEIVERS

Los Angeles Northern California San Diego Nevada Arizona

11150 W. Olympic Blvd. 795 Folsom Street 4370 La Jolla Village Dr. 7251 W. Lake Mead Blvd. 40 N. Central Ave.

Suite 810 1st Floor Suite 400 Suite 300 Suite 1400 Los Angeles, CA 90064 San Francisco, CA 94107 San Diego, CA 92122 Las Vegas, NV 89128 Phoenix, AZ 85004

Tel: (310) 552-9064 Tel: (415) 848-2984 Tel: (858) 546-4815 Tel: (702) 562-4230 Tel: (602) 343-1889 Fax: (310) 552-9066 Fax: (415) 848-2301 Fax: (858) 646-3097 Fax: (702) 562-4001 Fax (602)343-1801

RULES FOR CONFIRMATION AND OVERBID HEARING DATE OF HEARING: April 13, 2018 at 9:00 a.m. CASE NO. LC105211 MUFG UNION BANK, N.A v. ALAN N. CRANE, TRUSTEE, ET AL (the “Case”) PLACE: County of Los Angeles Superior Court - Northwest District Van Nuys Courthouse

Department A 6230 Sylmar Ave. Van Nuys, CA 91401

PROPERTY ADDRESS: 16040 Sherman Way, Van Nuys, CA 91406 (APN: 2224-004-016, 2224-004-017, and 2224-004-043) (the, “Property”)

RULES: 1) To participate in the Court Confirmation Hearing and Overbidding Procedure, you must present to the Court Referee prior to the hearing, a signed copy of this Rules For Confirmation and Overbid Hearing and a cashier’s check in the amount of $500,000.00 made out to Granite Escrow & Settlement Services. In addition, the participant must present proof of funds in an amount equal to or greater than the amount they are willing to bid and sign this Rules for the Confirmation and Overbid Hearing. Parties that do not present these items prior to hearing will not be allowed to participate in the overbid hearing. All bids that are not accepted will receive their $500,000.00 deposit checks back at the end of the hearing. 2) Property shall be available for viewing at specific times prior to the Court Confirmation and Overbid Hearing. Phil Seymour with Elite Properties Realty will set up these viewings and can be contacted at (310) 612-9800. Property is being sold “as is” with no warranties except for transfer of title. 3) The original offeror (“Original Offeror”) is currently under contract to purchase the Property for $17,200,000.00. Attached as “Exhibit 1”, is a copy of the purchase documents with the Original Offeror (the “Purchase Documents”). Any overbids are to be on the same terms and conditions, except for price, no contingency removal time and no credits for due diligence. The highest offer accepted must sign and agree to the same terms, except for price, no contingency removal time and no credit for due diligence. The Court Referee will have extra copies of these Rules for Confirmation

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and Overbid Hearing at the hearing, as well as extra copies of the Purchase Documents with blanks. If the court confirmed buyer(s) cannot close the transaction within twenty (20) days from the date of the Court Confirmation and Overbid Hearing through no fault of the Seller(s), then the $500,000.00 deposit (otherwise to be applied to purchase price) shall be non- refundable and escrow shall automatically terminate without Buyer’(s) signature and immediately release the funds to the Court Referee’s trust account for this case. 4) The Court shall move for confirmation on the day of the Court Confirmation and Overbid Hearing. At that time, the judge presiding over the Case may inquire as to whether or not a responsible bidder will make a written increased offer in the following amounts:

Bid Increment Increase

Bids 1-17

ORIGINAL OFFEROR $17,200,000.00

1st Bid $300,000.00 $17,500,000.00

2nd Bid $100,000.00 $17,600.000.00

3rd Bid $100,000.00 $17,700,000.0-

4th Bid $100,000.00 $17,800,000.00

5th Bid $100,000.00 $17,900,000.00

6th Bid $100,000.00 $18,000,000.00

7th Bid $100,000.00 $18,100,000.00

8th Bid $100,000.00 $18,200,000.00

9th Bid $100,000.00 $18,300,000.00

10th Bid $100,000.00 $18,400,000.00

11th Bid $100,000.00 $18,500,000.00

12th Bid $100,000.00 $18,600,000.00

13th Bid $100,000.00 $18,700,000.00

14th Bid $100,000.00 $18,800,000.00

15th Bid $100,000.00 $18,900,000.00

16th Bid $100,000.00 $19,000,000.00

In such case, the first overbid would be $17,500,000.00. Then the bids will

continue to increase by $100,000.00 increments listed in the bid chart above until a winner is determined. The Original Offeror shall have the right to match any bid at the Court Confirmation and Overbid Hearing. If the Original Offeror matches an offer, and there are no additional overbids, then the Original Offeror will be the highest bidder.

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5) Buyer has reviewed the terms of the Purchase Documents. Buyer will also execute the Purchase Documents at Court immediately following the Court Confirmation and Overbid Hearing if confirmed by the Court as the buyer of the Property. 6) The Court presiding over the Case shall retain jurisdiction over any legal disputes relating to or arising out of the Court Confirmation and Overbid Hearing and/or sale of the Property. The buyer of the Property waives any right to a jury trial over any legal disputes relating to or arising out of the Court Confirmation and Overbid Hearing and/or sale of the Property. The Court presiding over the Case reserves the right to amend any of the rules pertaining to the process, cancel the Court Confirmation and Overbid Hearing, or cancel any part of the Purchase Documents in their entirety. I agree to all of the above rules and procedures: __________________________________ _______________ Name Date If you have any questions, please feel free to give me a call at (310) 552-9064. Sincerely, Kevin Singer Superior Court Referee

EXHIBIT 1