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Full title: Notice of Hearing (RE: related document(s)712 Motion to Amend Debtors' Motion to Amend Order Granting Substantive Consolidation of Non-Debtor Affiliates Professional Investors 28, LLC and PFI Glenwood, LLC with Debtors Filed by Debtor Professional Financial Investors, Inc. (Marum, J.), 713 Motion to Approve Document Debtors Motion for Order (A) Approving Bid Procedures for the Portfolio Sale of Certain Real and Personal Property Assets; (B) Approving Related Notice Procedures; (C) Authorizing Debtors to Enter Into Stalking Horse Agreement and Approving Break-Up Fee; (D) Scheduling a Sale Hearing; and (E) Granting Certain Related Relief Filed by Professional Investors 28, LLC and PFI Glenwood, LLC. (Attachments: # 1 Declaration of Gregory Gotthardt in support thereof) (Marum, J.)). Hearing scheduled for 7/9/2021 at 10:00 AM via Tele/Videoconference - www.canb.uscourts.gov/calendars. Filed by Debtor Professional Financial Investors, Inc. (Marum, J.) (Entered: 06/29/2021)

Document posted on Jun 28, 2021 in the bankruptcy, 4 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

Hannah L. Blumenstiel 6 TO THE HONORABLE HANNAH L. BLUMENSTIEL, UNITED STATES 7 BANKRUPTCY JUDGE, THE OFFICE OF THE UNITED STATES TRUSTEE, CERTAI8 CREDITORS, AND ALL OTHER PARTIES IN INTEREST: 9 PLEASE TAKE NOTICE (the “Notice”)2 that a hearing to be conducted via 10 videoconference has been scheduled on shortened time for July 9, 2021, at 10:00 a.m., prevailing 11 Pacific Time (the “Hearing”), before the Honorable Hannah L. Blumenstiel, United States 12 Granting Certain Related Relief filed by 16 the Professional Financial Investors, Inc. (“PFI”) and its affiliated debtors and debtors in 17 possession (collectively, with PFI, the “Debtors”) on June 28, 2021, as Docket No.Granting Substantive 19 Consolidation of Non-Debtor Affiliates Professional Investors 28, LLC and PFI Glenwood, LLC 20 with Debtors filed by Debtors on June 28, 2021, as Docket No.that by way of the Bid Procedures Motion, the 23 Proponents seek entry of an order (a) establishing certain bid and sale procedures with regard to a24 proposed portfolio sale of certain of the Debtors’ real and personal property assets; (b) approving 25 the proposed notice procedures with respect to the proposed bid procedures, auction, and sale; (c) 26 authorizing each of the Debtors, including without limitation Professional Investors 28, LLC (“2827 2 Capitalized terms not otherwise defined in this Notice shall have the same meanings ascribed to them in th 1 LLC”) and PFI Glenwood, LLC (“PFI Glenwood”), through PFI to enter into the Stalking Horse 2 Asset Purchase Agreement and approving certain customary bid protections for Hamilton Zanze 3 Company as the proposed Stalking Horse Bidder; (d) scheduling a hearing to approve the 4 proposed sale at auction; and (e) granting certain related relief. Additionally, by way of the 5 Motion to Amend Substantive Consolidation Order, the Debtors seek to modify the Substantive 6 Consolidation Order entered by the Court on May 28, 2021, as Docket No. 666 to allow for the 7 immediate consolidation of non-debtor entities 28 LLC and PFI Glenwood with the Debtors’ 8 estates, rather than waiting until the Effective Date of the Plan.

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Document Contents

1 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP A Limited Liability Partnership 2 Including Professional Corporations ORI KATZ, Cal. Bar No. 209561 3 J. BARRETT MARUM, Cal. Bar No. 228628 MATT KLINGER, Cal. Bar No. 307362 4 GIANNA SEGRETTI, Cal. Bar No. 323645 Four Embarcadero Center, 17th Floor 5 San Francisco, California 94111-4109 Telephone: 415.434.9100 6 Facsimile: 415.434.3947 Email: okatz@sheppardmullin.com 7 bmarum@sheppardmullin.com mklinger@sheppardmullin.com 8 gsegretti@sheppardmullin.com Counsel for the Debtors 9 10 UNITED STATES BANKRUPTCY COURT 11 NORTHERN DISTRICT OF CALIFORNIA, SAN FRANCISCO DIVISION 12 In re Case No. 20-30604 13 PROFESSIONAL FINANCIAL Chapter 11 INVESTORS, INC., et al.,1 14 NOTICE OF HEARING ON: Debtors. 15 (I) MOTION FOR ORDER (A) APPROVING BID PROCEDURES FOR 16 THE PORTFOLIO OF SALE OF CERTAIN REAL AND PERSONAL 17 PROPERTY ASSETS; (B) APPROVING RELATED NOTICE PROCEDURES; 18 (C) AUTHORIZING DEBTORS TO ENTER INTO STALKING HORSE 19 AGREEMENT AND APPROVING BREAK-UP FEE; (D) SCHEDULING A 20 SALE HEARING; AND (E) GRANTING CERTAIN RELATED RELIEF; AND 21 (II) MOTION TO AMEND ORDER 22 GRANTING SUBSTANTIVE CONSOLIDATION OF NON-DEBTOR 23 AFFILIATES PROFESSIONAL INVESTORS 28, LLC AND PFI 24 GLENWOOD, LLC WITH DEBTORS 25 26 1 A complete list of the Debtors and their respective chapter 11 case numbers may be found at 27 www.donlinrecano.com/Clients/pfi/index. The federal tax identification numbers of each of the Debtors is also available in the bankruptcy petitions of each Debtor, also available at the Donlin

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1 Hearing Set On Shortened Time For: Date: July 9, 2021 2 Time: 10:00 a.m. Place: Telephonic/Video Appearances 3 Only 450 Golden Gate Avenue, 16th Floor 4 Courtroom 19 San Francisco, CA 94102 5 Judge: Hon. Hannah L. Blumenstiel 6 TO THE HONORABLE HANNAH L. BLUMENSTIEL, UNITED STATES 7 BANKRUPTCY JUDGE, THE OFFICE OF THE UNITED STATES TRUSTEE, CERTAI8 CREDITORS, AND ALL OTHER PARTIES IN INTEREST: 9 PLEASE TAKE NOTICE (the “Notice”)2 that a hearing to be conducted via 10 videoconference has been scheduled on shortened time for July 9, 2021, at 10:00 a.m., prevailing 11 Pacific Time (the “Hearing”), before the Honorable Hannah L. Blumenstiel, United States 12 Bankruptcy Judge, to consider (I) Motion for Order (A) Approving Bid Procedures for the 13 Portfolio Sale of Certain Real and Personal Property Assets; (B) Approving Related Notice 14 Procedures; (C) Authorizing Debtors to Enter Into Stalking Horse Agreement and Approving 15 Break-Up Fee; (D) Scheduling a Sale Hearing; and (E) Granting Certain Related Relief filed by 16 the Professional Financial Investors, Inc. (“PFI”) and its affiliated debtors and debtors in 17 possession (collectively, with PFI, the “Debtors”) on June 28, 2021, as Docket No. 713 (the “Bid 18 Procedures Motion”); and (II) Debtors’ Motion to Amend Order Granting Substantive 19 Consolidation of Non-Debtor Affiliates Professional Investors 28, LLC and PFI Glenwood, LLC 20 with Debtors filed by Debtors on June 28, 2021, as Docket No. 712 (the “Motion to Amend 21 Substantive Consolidation Order,” and together with the Bid Procedures Motion, the “Motions”). 22 PLEASE TAKE FURTHER NOTICE that by way of the Bid Procedures Motion, the 23 Proponents seek entry of an order (a) establishing certain bid and sale procedures with regard to a24 proposed portfolio sale of certain of the Debtors’ real and personal property assets; (b) approving 25 the proposed notice procedures with respect to the proposed bid procedures, auction, and sale; (c) 26 authorizing each of the Debtors, including without limitation Professional Investors 28, LLC (“2827 2 Capitalized terms not otherwise defined in this Notice shall have the same meanings ascribed to them in th

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1 LLC”) and PFI Glenwood, LLC (“PFI Glenwood”), through PFI to enter into the Stalking Horse 2 Asset Purchase Agreement and approving certain customary bid protections for Hamilton Zanze 3 Company as the proposed Stalking Horse Bidder; (d) scheduling a hearing to approve the 4 proposed sale at auction; and (e) granting certain related relief. Additionally, by way of the 5 Motion to Amend Substantive Consolidation Order, the Debtors seek to modify the Substantive 6 Consolidation Order entered by the Court on May 28, 2021, as Docket No. 666 to allow for the 7 immediate consolidation of non-debtor entities 28 LLC and PFI Glenwood with the Debtors’ 8 estates, rather than waiting until the Effective Date of the Plan. 9 PLEASE TAKE FURTHER NOTICE that, pursuant to the Order entered by the Court 10 on June 29, 2021, as Docket No. 716, opposition or responses to the Motions must be filed and 11 served no later than 10:00 a.m. on July 8, 2021, prevailing Pacific Time. Any reply by the 12 Debtors to any opposition or response to the Motions shall be made at the Hearing. 13 PLEASE TAKE FURTHER NOTICE that the hearing will not be conducted in the 14 presiding judge’s courtroom but instead will be conducted via videoconference by Zoom. All 15 interested parties should consult the Bankruptcy Court’s website at www.canb.uscourts.gov for 16 information about court operations during the COVID-19 pandemic. The Bankruptcy Court’s 17 website provides information regarding how to arrange a telephonic or video appearance. If you 18 have any questions regarding how to appear at a court hearing, you may contact the Bankruptcy 19 Court by calling 888-821-7606 or by using the Live Chat feature on the Bankruptcy Court’s 20 website. 21 PLEASE TAKE FURTHER NOTICE that your rights may be affected by the Motions. 22 You should read the Motions carefully and you may want to discuss them with your attorney. 23 Copies of the Motions are available on PACER, at 24 https://www.donlinrecano.com/Clients/pfi/Index, or by contacting Elizabeth Garcia at (650) 815-25 2688, or by email at egarcia@sheppardmullin.com. 26 27

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1 Dated: June 29, 2021 2 SHEPPARD, MULLIN, RICHTER & HAMPTON LLP 3 4 By /s/ J. Barrett Marum J. BARRETT MARUM 5 6 Counsel for the Debtors 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

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