Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
C_Sunset'sEdgeKCCourtDoc20190920
1FILED2019SEP20ExParte2KINGCOUNTYSUPERIORCOURTCLERK3CASE#:19-2-24845-9SEA456SUPERIORCOURTOFTHESTATEOFWASHINGTON7TNANDFORTHECOUNTYOFKING$Inre:No.19_2-24845-9SEAROYALCREEKLEC,aWashington10urnialitycompany.RECEIVERPURSUANTTORCW117.60.025(1)13)1213PetitionerRoyalCreekLLCbyandthroughitsundersignedcounsel,statesasfollows:14I.NATUREOFACTION15Thisisanactionseekingappointmentofageneralreceivertotakecontroloftheassetsof16RoyalCreekLLC“RoyalCreek”pursuanttochapters7.60RCWand7.0$RCW.17II.FACTS181.RoyalCreekisaWashingtoncorporationwithprincipalplaceofbusinesslocated19at27200NE272ndSt.,RavensdaleWA98051,thatisinthebusinessofowninganddeveloping20realproperty.Inparticular,RoyalCreek’sprimaryassetconsistsofaprojectlaiownasSunset’s21EdgeTownhomes,which,whencompleted,willconsistoffifteen(15)residentialcondominiums22inRenton,Washington(the“SunsetProperty”).232.TheproposedreceiverandassigneeofRoyalCreekisElliottBayAssetSolutions,24LLC,aWashingtonlimitedliabilitycompanywhoseaddressis2535152ndAvenue,NE,Suite2532,Redmond,Washington98052(“ElliottBay”).2627LAWOFFICESOFANTHONYPETITIONTOAPPOINTGENERALRECEIVER11752NWMarlcetSt.#709Seattle,WA98107206.418.8720tonywiscn1aw.com 13.RoyalCreekisunabletopayitsdebtsastheybecomedue.However,theSunset2Propertyisbelievedtohaveavaluesubstantiallyinexcessofthesecureddebtassociatedwithit.34.Thepresentassignmentforthebenefitofcreditorsisbeinginitiatedduetothe4actionsofalenderontheSunsetProperty,ConstructionLoanServicesII,LLC(“Builders5Capital”).BuildersCapitalhasfailedandrefusedtomaketheadditionalcapitaloutlaythat6wouldbenecessarytocompleteconstructionoftheSunsetProperty.BuildersCapitalhasfurther7indicatedthatitintendsto“takeback”theprojectbydeclaringadefault,andhasotherwise$threatenedtotakeimmediatemeasurestopreventRoyalCreekfromcompletingtheSunset9PropertyprojectBuildersCapitals’actionswouldcauseasignificantlosstoothercreditorsand10relevantstakeholders.115.Accordingly,RoyalCreekexecutedanAssignmentfortheBenefitofCreditorsAeec-’’*V1.12(the“ABC”)namingElliottBayasitsAssignee.TheABCisaahehretoBhitht1.13PursuanttotheABC,RoyalCreekhasassignedtotheAssignee“allofarsignor‘sproperty....“14Id.,atl-2.156.RoyalCreekhascreatedascheduleofitspropertyandliabilitiesintheform16prescribedbyRCW7.60.090.TheschedulesareattachedtotheABC.Inaccordancetherewith,17RoyalCreekowes$7,208,836.33insecureddebt.RoyalCreekalsoestimatesthatitsassets,18whicharecomprisedsolelyoftheSunsetProperty,arevaluedatapproximately$8.65Millionin19theeventofanorderlysale.Qevf)\€*orc”&%u207.ElliottBayiseligibleandqualifiedtoserveasRoyalCreek’sgeneralreceiver.As21outlinedintheaccompanyingdeclarationofStuartHeath,ManagingMemberofElliottBay,the22AssigneemeetsallrequisitescontainedinRCW7.60.035toserveasRoyalCreek’sgeneral23receiverandhasextensiveexperienceservingasareceiver,includingforsignificantrealestate24projectssuchastheforgoing.252627LAWOFFICESOFANTHONYPETITIONTOAPPOINTGENERALRBCEWER-217c’09Seaffle,WA98107206.418.8720tony@wisen1aw.com 1III.LEGALAUTHORITY2PursuanttoRCW7.08.030(3),“Everyassignmentshallbeeffectivewhenapetitionto3appointtheassigneeasreceiverhasbeenfiledbytheassignor...withtheclerkofthesuperior4courtinthecountyoftheassignor‘sprinc;aalplaceofbusiness....“Thestatutealsoprovides,5“Apersontowhomageneralassignmentofpropertyforthebenefitofcreditorshasbeenmade6shaltbeappointedasgeneralreceiverwithrespecttotheassignor’spropertybythesuperior7courtuponthefilingofapetitionundersubjection(3)ofthissection.”RCW87.08.030(4)(emphasisadded).9AIiertheassigneeisappointedasgeneralreceiver,“altproceedingsinvolvingthe10administrationoftheassignor’spropertyandtheclaimsoftheassignee‘screditorsshallbe11governedbytheprovisionsofchapter7.60RCWapplicabletogeneralreceivershipandcourt12rulesapplicablethereto.”IdFinally,thepetitionforappointmentmustinclude“arequestthat13thecourtfixtheamountofthereceiver’sbondtofiledwiththeclerkofthecourt.”RCW147.08.030(3).15BoththeSunsetPropertyandRoyalCreek’sprincipalplaceofbusinessarelocatedin16KingCounty.RoyalCreekhasexecutedtheABCintheformprescribedbyRCW7.08.030,and17hasincludedschedulesasrequired.Basedontheabovefactsandlegalauthority,theAssignee18requeststhattheCourtentertheproposedordersubmittedherewith,appointingtheAssigneeas19generalreceiveroverRoyalCreek.ElliottBayfurtherrequeststhattheCourtfixtheamountof20itsreceiver’sbondat$5,000.Followingappointmentasgeneralreceiver,andassetforthinthe21proposedappointmentorder,ElliottBaywillcomplywithallapplicableprovisionsofRCW227.60,includingtheprovisionofnoticeofthereceivershipunderRCW7.60.200toallknown23creditorsofRoyalCreek.24252627LAWOFFICESOFANTHONYPE1ONTOAPPOINTGENERALRECEIVER-31752NWMaiketSt.#709Seattle,WA98107206.418.8720tony©wiseaiaw.com 12DATEDthis20thdayofSeptember,2019.LAWOFFICESOFANTHONYS.WISEN,PLLCBys/AnthonySWisen5AnthonyS.Wisen,WSBA#396561752NWMarketStreet,#7096Seattle,WA98107Phone:206-418-8720Email:tony@wisenlaw.com89101112131415161718192021222324252627LAWOFFICESOFANTHONYPETITIONTOAPPOINTGENERALRECEIVER-41752NWMmketSt.,#709SeaUIc,WA98107206.418.8720tony@wisen1aw.com -vj‘‘•L., .,=..L)12DISEP2OP2:132.•.TH3,*•.456SUPERIORCOURTOFTHESTATEOFWASHINGTON7iNANDFORTHECOUNTYOFKING8Inre:No.19-2-248459SEAROYALCREEKLLC,aWashington10imie;aiitycompany.BENEFITOFCREDITORS11____________________________________________________12ASSIGNMENT13THISASSIGNMENTismadethis19thdayofSeptember,2019byandbetweenRoyal14Creek,LLC,alimitedliabilitycompanyincorporatedunderthelawsoftheStateofWashington15withsignificantrealpropertyholdingsinWashington(hereinafter“assignor”),ontheonehand,16andElliottBayAssetSolutions,LLC,whoseaddressis2535152ndAvenueNE,SuiteB2,Redmond,Washington98052(hereinafter“assignee”),ontheotherhand.19WHEREAS,theassignorhasbeenengagedinthebusinessofowninganddeveloping20realproperty.21WHEREAS,theassignorisindebtedtocreditors,assetforthinScheduleAannexed22hereto,isunabletopaydebtsastheybecomedue,andisdesirousofprovidingforthepayment23ofdebts,sofarasitispossiblebyanassignmentofallpropertyforthatpurpose.2425NOW,THEREFORE,theassignor,inconsiderationoftheassignee’sacceptanceofthis26assignment,andforothergoodandvaluableconsideration,herebygrants,assigns,conveys,27transfers,andsetsover,untotheassignee,andtheassignee’ssuccessorsandassigns,allofLAWOFFICESOFANTHONYASSIGNMENTFORTHEBENEFITOFCREDITORS-1Seattle.WA98107206.418.8720.totiywisenlawcom 1assignor’sproperty,exceptsuchpropertyasisexemptbylawfromlevyandsaleunderan2execution(andthenonlytotheextentofsuchexemption),including,butnotlimitedto,allreal3property,fixtures,goods,stock,inventory,equipment,furniture,furnishings,accounts4receivable,generalintangibles,bankdeposits,cash,promissorynotes,cashvalueandproceedsofinsurancepolicies,claims,anddemandsbelongingtotheassignor,whereversuchproperty6maybelocated(hereinaftercollectivelythe“estate”),whichpropertyis,tothebestknowledge7andbeliefoftheassignor,fullyandaccuratelysetforthonScheduleBannexedhereto.8Bymakingthisassignment,theassignorconsentstotheappointmentoftheassigneeasa10generalreceiverwithrespecttotheassignee’spropertyinaccordancewithchapter7.60RCW.11Theassigneeshalltakepossessionandadministertheestate,andshallstabilizeand12operatetheestatewithreasonabledispatchandconverttheestateintomoneythroughasale13disposition,collectallclaimsanddemandsherebyassignedasandtotheextenttheymaybe14collectible,andpayanddischargeallreasonableexpenses,costs,anddisbursementsin1516connectionwiththeexecutionandadministrationofthisassignmentfromtheproceeds.17Theassigneeshallthenpayanddischargeinfull,totheextentthatfundsareavailablein;theestateafterpaymentofadministrativeexpenses,costs,anddisbursements,allofthedebtsand19liabilitiesnowduefromtheassignor,includinginterestonsuchdebtsandliabilitiesinfull,20accordingtotheirpriorityasestablishedbylaw,andonaproratabasiswithineachclass.Inthe21eventthatalldebtsandliabilitiesarepaidinfull,theremainderoftheestateshallbereturnedto22theassignor.2324Toaccomplishthepurposesofthisassignment,theassignorherebyirrevocablyappoints25theassigneeastheassignor’strueandlawfulattorney-in-fact,withfullpowerandauthoritytodo26allactsandthingswhichmaybenecessarytoexecuteandfulfilltheassignmentherebycreated,27LAWOFFICESOFANTHONYASSIGNMENTFORTHEBENEFITOFCREDITORS-2Seattle,WA98107206.418.8720tonycawsenlaw.com 1tothesameextentassuchactsandthingsmightbedonebyassignorintheabsenceofthis2assignment,includingbutnotlimitedtothepowertodemandandrecoverfromallpersonsall3propertyoftheestate;tosuefortherecoveryofsuchproperty;toexecute,acknowledge,and4deliverallnecessarydeeds,instruments,andconveyances,andtograntandconveyanyoralloftherealorpersonalpropertyoftheestatepursuantthereto;andtoappointoneormoreattorneys6toassisttheassigneeincanyingouttheassigneesdutieshereunder.7Theassignorherebyauthorizestheassigneetosignthenameoftheassignortoany8check,draft,promissorynote,orotherinstrumentinwritingwhichispayabletotheorderofthe10assignor,ortosignthenameoftheassignortoanyinstrumentinwriting,wheneveritshallbe11necessarytodoso,tocarryoutthepurposesofthisassignment.12Theassignordeclares,underpenaltyofperjuryunderthelawsofthestateofWashington,13thattheattachedlistofcreditorsandofthepropertyoftheassignoristrueandcompletetothe14bestoftheassignor’sknowledge.151617[INTENTIONALLYLEFTBLANK]18192021222324252627LAWOFFICESOFANTHONYASSIGNMENTFORTHEBENEFITOFCREDITORS-31752NWMaricetSL,#709Seattle,WA98107206.4188720tonytwiseniaw.com 213DATEDthis20thdayofSeptember,2019atSeattle,Washington.StateofWashingtonCountyofKingIcertifythatIknoworhavesatisfactoryevidencethat_____isthepersonwhoappearedbeforeme,andsaidpersonacknowledgedthatbesignedthisinstrument,onoathstatedthathewasauthorizedtoexecutetheinstrumentandacknowledgeditastheAssignmentfortheBenefitofCreditorsforRoyalCreekLLCtobethefreeandvoluntaryactofsuchpartyfortheusesandpurposesmentionedintheinstrument27ASSIGNMENTFORTHEBENEFITOfCREDITORS-4LAWOFFICESOFANTHONYS.WISEN,PLLC1752NWMadcetSt.,#709SeaUIe,WA98107206.418.8720toiiy@wiseu1aw.com1ASSIGNORRoyalCreekLLC34567$9101112By:Name:Title:)))(sealorstamp)Dated:C1tQfVtSignature:_________________________Title:MyAppointmentExpires:t2-t-iô7t141516171$1920212223242526 IACCEPTANCEOFTHEASSIGNMENTBYTHEASSIGNEE2Theassigneeherebyacceptstheassignmentcreatedbytheforegoingassignment,and3agreesfaithfullyandwithoutdelaytocarryouttheassignee’sdutiesundertheforegoing4assignment.6AssigneeElliottBayAssetSolutions,LLC7$By:..LZtl4%r1%_4e7LStuartHeath9ItsMember10Dated:September20,2019if12Presentedby:1314AttorneysforRoyalCreekLLCLawOfficesofAnthonyS.Wisen,PLLC1516Bys/AnthonyWisenAnthonyS.Wisen,WSBA#39656171752NWMarketStreet,#709Seattle,WA98107Phone:20641$-$72019Email:tony@wisenlaw.com2021222324252627LAWOFFICESOFANTHONYASSIGNMENTFORTHEBENEFITOfCREDITORS51752NWMarkelSI.#709Seattle,WA98107206.418.8720tonywisilaw.com SCHEDULEA-CREDITORLISTListallcreditorshavingsecurityinterestsorliens,showing:NameAddressAmountCollateralDisputeA.ExhibitAattachedhereto.1,338,861.33SubjectNoPropertyB.ConstructionLoanServices,.SuWectNoLLC56016thAveS.Suite350,SeattleWA9810$5,294,975PropertySubjectNoC.KautilyaCapital,LLC383859thAveSW575,000PropertySeattleWa981162.Listallwages,salaries,commissions,orcontributionstoanemployeebenefitplanowed,showing:NameAddressAmountNatureCollateralDisputeN/A3.Listallconsumerdepositsowed,showing:NameAddressAmountNatureCollateralDisputeN/A4.Listalltaxesowed,showing:NameAddressAmountNatureCollateralDisputeKingCounty2132.72KingCounty1923.25KingCounty3472.445.Listallunsecuredclaims,showing:NameAddressAmountNatureCollateralDisputeTheodoraCornelia1516ANW64thSt.$458,749ConstructionReserverightandBruceBeaversSeattle,WA98107coststoclaimassecureddebt6.Listallownersorshareholders,showing:NameAddressOwnership%SteveHickey27200272ndStRavensdale35#1150Wa98051 27200272ndStRavensdale#1150Wa98051LeisaLundy3515I6ANW641hStSeattleBuceBeaversWA9810715TheComelia157.Listat!applicableregulatoryagencies,showing:NameAddressN/A EXHIBITA BUSBYCITYOFRENTONCRGU1TERSORSINAMEDRAMOUNTCOLLATERALDISPUTE7126180ThAVENEClOl$4,062.25SUBJECTPROPERTYNOMRTESTiNGLABORATORYREDMOND,WA98052ACCENTS&INTERIORS,INC.19501144THAVENEA-900$39,250.89SUBJECTPROPERTYNOWOODINVILLE,WA98072ACTiVEEXCAVATORRENTALSINC17281TYESTSEMONROE.$29,924.82SUBJECTPROPERTYNOWA98272ANGELSCONCRETE1020284ThST.NE$106,225.00SUBJECTPROPERTYNOLAKESTEVENS,WA9825811821124THAVENE$3,129.34SUBJECTPROPERTYNOKIRKLAND,WA980341055SGradyWay,Renton,WA$209.19SUBJECTPROPERTYNO98057P0BOX160257,277.00SUBJECTPROPERTYNOSUMNER,WA9839012880NE21STPPLACE$1,101.92SUBJECTPROPERTYNOBECLEVUE,WA98005DUNCANSONCOMPANY,INC1455W155THSTREETSUITE10258,400.00SUBJECTPROPERTYNOSEA7TLE,WA98166FERGUSON15Z11STAVESTE103-105$75,842.05SUBJECTPROPERTYNOSEATTLE,WA98134FIVESTARCOMFORT12517131STCOURTNE$23,430.00SUBJECTPROPERTYNOKIRKLAND,WA98034HONEYBUCKETP0BOX73399$1,027.16SUBJECTPROPERTYNOPUYULLUP,WA98373I&ICONTRACTORINC.552964ThST.W$8,545.40SUBJECTPROPERTYNOUNIVERSITYPLACE,WA98467INSTANTGARAGEDOORREPAIR2919NE8ThPLACE.$6,224.00SUBJECTPROPERTYNORENTON,WA98056JUNIORSGENERALCONTRACTING7621S135THSTREET$4,248.54SUBJECTPROPERTYNOSEATtLE,WA98178KINGCOUNTYWASTEWATERTREATMENTDIV.$14,860.80SUBJECTPROPERTYNO5004ThAVE#600SEATTlE,WA98104LUXORLANDSCAPEP0Box1177MapleValley,WA$834.00SUBJECTPROPERTYNO98038MAINLINEPLUMBING1600-BSWDashPoIntRU#424$25,113.63SUBJECTPROPERTYNOFEDERALWAY,98023MERIDIANBUILDGROUP27200AVESE#1150RAVENSDALE,$381,242.47SUBJECTPROPERTYNOWA98051MCE1110966ThAVEEASTPUYAU.UP,$72,200.80SUBJECTPROPERTYNOWA98373MIGIZIGROUP,INC.PGBOX44S4OTACOMA,WA98448$7,534.20SUBJECTPROPERTYNONATIONALBARRICADECO.,LLC6518RAVENNAAVENUE,NE$6,617.41SUBJECTPROPERTYNOSEATTLE,WA98115NORThWESTBUILDINGSUPPUESP0BOX481KIRKLAND,WA98083$4,417.39SUBJECTPROPERTYNONORTHWESTEQUIPMENTSALES2011SOUTH341STPLFEDERAL$1,501.155UBJECTPROPERTYNOWAY.WA98003055FENCEP0BOX58936RENTON,WA98038$118.60SUBJECTPROPERTYNOPGHEXCAVATING,INC.P0BOX1151ENUMCLAW,WA$48,088.45SUBJECTPROPERTYNO98022PNWINSULATION42037THST.NWSUITEFAUBURN,$48,120.00SUBJECTPROPERTYNOWA98001PROVISIONP0BOX869SUMNER,WA98390$16,100.12SUBJECTPROPERTYNORILEYGROUP17522BOTHELLWAYNORTHEAST$2,634.75SUBJECTPROPERTYNOBOTHELL,WA98011SCOTTMILLER4105254ThAVENEREDMOND,$9,987.00SUBJECTPROPERTYNDWA98053SQUAREPROLLC4205AUBURNWAYS#26$152,695.15SUBJECTPROPERTYNOAUBURN,WA98093SUMMITDRYWALLP0BOX2169ISSAQUAN,WA$93,293.88SUBJECTPROPERTYNO98027SUNBELTRENTALSP0BOX409211ATLANTA,GA$12,092.S2SUBJECTPROPERTYNO30384UNITEDSITESERVICESP0BOX53267PHOENIX,AZ85072-51,430.19SUBJECTPROPERTYNO3267URESCOPDBOX1778KENT,WA98035-5115,867.29SUBJECTPROPERTYNO1778VALLEYCONSTRUCTIONSUPPLYP0BOX1179MILTON,WA98354-$5,213.97SUBJECTPROPERTYNO1179 SCHEDULEB-LISTOFPROPERTYListeachcategoryofpropertyandforeachgiveapproximatevalueobtainablefortheassetonthedateofassignment/appointmentofthereceiver,andaddresswhereassetislocated.NonexemptPropertyDescriptionandLocation:RealPropertylocatedinRenton,Washington.SeeExhibitsBandChereto.1.LegalDescriptionandstreetaddressofrealproperty,includingleaseholdinterests:SeeExhibitsBandChereto.2.Fixtures:03.Cashandbankaccounts:04.Inventory:05.Accountsreceivable:06.Equipment:07.Prepaidexpenses,includingdeposits,insurance,rents,andutilities:08.Other,includingloanstothirdparties,claims,andchosesinaction:II.ExemptPropertyDescriptionandLocation:AttachedEstimatedLiquidationValueonDateofAppointmentofReceiver:None.IDECLAREunderpenaltyofperjurythattheforegoingistrue,correct,andcompletetothebestofmyknowledge.DATEDthis20thdayofSeptember,2019,atSeattle,Washington.SteveickeyManagingMember,RoyalCreekLLC EXHIBITB 4— I&mta.cISSUEDBY1FfrstAmericaaFirstAmericanTitleInsuranceCompanyExhibitFileNc):4201-3194804FileNo.:4201-3].9I804ROYALCREEK,LLC,AWASHINGTONLIMITEDUABILTCt’COMPANYTHELANDREFERREDTOHEREINBELOWISSITUATEDINTHECOUNTYOFKING,STATEOFWA,ANDISDESCRIBEDASFOLLOWS:PARCELA:TRACT;,HARPJESGARDENHOMETRACTS,ACCORDINGTOTHEPLATThEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON.PARCELB:ThESOUTh50FEETOfTRACT2,HARRIESGARDENHOMETRACTS,ACCORDINGTOTHEPLATThEREOFRECORDEDINVOLUME34OFRATS,PAGE(S)38,RECORDSOfKINGCOUNTY,WASHINGTON.PARCELC:ALLTHATPORTIONOFTRACT3,HARRIESGARDENHOMETRACTS,ACCORDINGTOTHEPIATTHEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON;EXCEPTTHENORTh50.00FEETThEREOF;ANDTHATPORTIONOFTHENORTH50FEETOFTRACT2,HARRIESGARDENHOMETRACTS,ACCORDINGTOThEPIATTHEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON,MOREPARTICULARLYDESCRIBEDASFOLLOWS:BEGINNINGATThENORTHEASTCORNEROFSAIDTRACT2,SAIDPOINTBEINGALSOONThEWESTMARGINOfSUNSETBOULEVARDN.E.(SUNSETHWY.).ASNOWESTABLISHEDANDSAIDPOINTBEINGANONTANGENTPOINTONACURVETOTHELEFTFROMWHICHPOINTThERADIUSOFSAIDCURVEBEARSSOUTh78°23’41”EASTAT985.37FEET;THENCESOUThERLYALONGTHEEASTLINEOFSAIDTRACTANDALONGSAIDCURVEANDMARGIN,THROUGHACENTRALANGLEOF2°57’lB”,ANARCDISTANCEOF50.62FEETTOAPOINTOFNONTANGENCYFROMWHICHPOINTThERADIUSOFSAIDCURVEBEARSSOUTH81°20’59’EASTAT985.37FEET,SAIDPOINTBEINGALSOThESOUThEASTCORNEROFTHESAIDNORTH50FEETOFTRACT2,THENCESOUTH89°51’OO”WEST,ALONGTHESOUThLINEOFSAIDNORTh50FEET,185.1;FEETTOTHESOUTHWESTCORNEROFSAIDNORTh50FEET;THENCENORTH15°10’30”WESTALONGTHEWESTLINEOFSAIDTRACTS2AND3,ADISTANCEOF103.54FEETTOTHENORTHWESTCORNEROFThESOUTh50.00PEErOFSAIDTRACT3;ThENCENORTH89°51’OO”EASTALONGTHENORTHLINETHEREOF126.55FEET;ThENCESOUTH00°09’OO”EAST50.00FEETTOAPOINTONThENORTHLINEOFSAIDTRACT2;THENCENORTh8905110011EASTALONGSAIDLINE94.47FEETTOThEPOINTOFBEGINNING;Thispageiso’apattofaZO!6ALTAComliWOlienthr77UeIrcuranceIzuedbyi’il’tAmeñcan77He.ThsuranreCompany.ThisComminentisnotvaffdMU7outthe6tt;theCommitmentthIsswPohctheConimlirnentwlonsSthedu/eA;Sdiea’uieB,PartZ-ReqLI!rementr;Sd,edaieB,PartH-EobCepytiht20062016AmerIcanLandTitleAssociation.Allrightsreserved.-TheuseofthisFarm(oranydeilvatlvethereof)isrestrictedtoALTAlicenseesandALTAmembersingoodstandingasofthedateofuse.Allotherusesareprehibited.ReprintedunderlicensefimtheAmerIcanLandhUeAssodadon.iForm50003700WA(8-23-18)IALTACommitmentftrTtieIjwrance(8-1-16AIIWashinatonl EXHIBITC 9/19)2019PropertyTaxGngCountyPropertyTaxResults-1Taxpayername:ROYALCREEKLLC879999Taxaccountnumber:311990001100Parcelnumber:3119900011ITaxaccountstatus:Thisaccountisactive.I___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _—Mailingaddressonfile:5055THAVES#600SEATTLEWA98104BillingDetails—DEUNQUENTFIRSTHALF2019ANDPRIORYEAR(S)AMOUNTDUEIFPAIDORPOSTMARKEDBYSEPTEMBER30,2019wCurrentYear:ITaxyearAmount20191stHalf$1,134.gl20192ndHalf$978.37PriorYearDelinquentTax:L.__. .____tpLI/paymcnt.kingcounty.gov/Homc/Indcx?app=PropcrtyTaxcs&Scarch=31990001I 9fl9120i9PropertyTaxrTaxyearAmount[_______TaxYearDetails+Taxyeardetails[TaxInformation2019[201820172016Levycode2100210021002100Status1TaxableTaxableTaxableTaxableOmityear0000000000000000Landvalue$161,600$181,600$177,700$173,700improvementvalue$0$0$0$0ChargesTax$1,943.59$2,273.36$2,251.49$2,296.29NoxiousWeed$5.45$3.25$3.25$3.25Conservation$7.70$7.70$7.70$7.70Totalbilled$1,956.74$2,284.31$2,262.44$2,307.24Amountpaid$0.00$1,142.16$2,262.44$2,307.24Interest$97.84$125.64$0.00$0.00Penalty$58.70$91.37$0.00$0.00Balancm$2,113.28$1,359.16$0.00$0.00Receipts+DateReceiptAmountPenalty/InterestPaid03/05/2018106655$1,142.16$0.0010/19/2017139421$1,131.22$0.0004/21/2017114267$1,131.22$0.0011/02/2016633986$1,153.62$0.00_04/29/2016635184$1,153.62$0.00ope1t3r[axcs&Scarch=3I19001215 9/19/2019PmpeilyThzKingCountyPropertyTaxResults-1Taxpayername:ROYALCREEKLLC879999Taxaccountnumber:311990001001—rParcelnumber:3119900010-Mailingaddressonfile:5055THAVES#600SEATTLEWA98104BillingDetailsDELINQUENTFIRSTHALF2019ANDPRIORYEAR(S)AMOUNTDUEIFPAIDORPOSTMARKEDBYSEPTEMBER30,2019.CurrentYear:Amount$628.96$542.21Taxyear20191stHalf20192ndHalfPriorYearDelinquentTax:TaxyearAmount] 9/19/2019PropertyThxTaxyearAmount201852.08TaxYearDetails—TaxyeardetailsTaxlntormation2019201820172016Levycode21002100a21002100StatusTaxableTaxableTaxableTaxableOmityear00000000f00000000Landvalue$100,100$100,100$97,900$95,800Improvementvalue$0$0$0$0CtiargesTax$1,071.33$1,253.10$1,240.41$1,266.46NoxIousWeed$5.39$3.21$3.21$3.21Conservation$7.70$7.70$7.70$7.70TotalblUed$1,084.42$1,264.01$1,251.32$1,277.37Amountpaid$0.00$632.01$1,251.32$1,277.37Interest$54.22$69.52$0.00$0.00Penafty$32.53$50.56$0.00$0.00Balance$1,171.17$762.08$0.00$0.00Receipts+DateFReceiptAmountPenalty/InterestPaid03/05/2018106657$632.01$0.0010/19/2017139420$625.66$0.0004/21/2017114266$625.66$0.0011/02/2016633985$638.68$0.0004/29/2016j635183$638.69$0.00hups//paymentidngcounty.govMomc11ndcx?epp.PropcrtyTaxcs&Scarch=3l199000102/5 9/1912019P’TaxKingCountyPropertyTaxResults-1Taxpayername:ROYALCREEKLLC879999Taxaccountnumber:311990000508—Parcelnumber:3119900005[axaccountstatus:Thisaccountisactive.Mailingaddressonfile:5055THAVES#600SEATTLEWA98104BillingDetails—CurrentYear:TaxyearAmount20191stHatf20192ndHalf$1,035.58$892.74PriorYearDelinquentTax:{TaxyearJAmountDELINQUENTFIRSTHALF2019ANDPRIORYEAR(S)AMOUNTDUEIFPAIDORPOSTMARKEDBYSEPTEMBER30,2019.hnps:I/paymcntidngcounty.ov/Hom/Tndcx?app=PropcrtyTaxcs&ScaTch=3l19900005 9/19/2019PropettyThxITaxyearAmountEz:1z:z:Lzz:____TaxYearDetails+Taxyeardetails[TaxInformatIon2019201820172016Levycode2100210021002100StatusTaxableTaxableTaxableTaxableOmityear0000000000000000t.andvalue$165,600$165,600$162,000$158,400Improvementvalue$0$0$0$0Char9esTax$1,772.35$2,073.07$2,052.57$2,094.02NoxiousWeed$5.44$3.24j$3.24$3.24Conservation$7.70$7.70$7.70$7.70,--.-.—,——-:..,........—..—.——..—...--.-Totalbilled$1,785.49$2,084.01$2,063.51$2,104.96Amountpaidt$0.00$1,042.01$2,063.51$2,104.96InterestI$89.27$114.62$0.00$0.00Penafty$53.56$83.36$0.00$0.00..—.—————..—.....———.......-—-.,,-...—..——-.t——.—Balance$1,928.32$1,239.98$0.00$0.00Receipts+03/05/2018106653$1,042.01$0.0010/19/2017139419$1,031.75$0.00.1.—...————.——t———..——.—....——.—.———————..-.—-——————.—————.:04/21/2017114265$1,031.76$0.0011/02/2016633984$1,052.48$0.0004/29/2016635182$1,052.48$0.00hupI/paymcnt.kngcounty.guv/Homcflndcx?appPropcrtyTaxes&Scarch=3l199000052/5 9/19/20192019Tax/FeeDistributionPropextyTax+OtherFeesAndCharges$0.000.0%$13.140.7%2019TaxIFeeDistributionChart*PercentsareroundedDistributioninformationDollarsPercent*StateSchoolPartOne$317.2817.8%StateSchoolTwo-McCleary$118.126.6%LocalSchool$580.66F32.5%CountyI$201.8811.3%Cityj$l85.lOt10.4%Road$0.000.0°kPort$20.311.1%SoundTransit$34.281.9%Fire$138.337.7%Hospital$69.013.9%Flood$16.000.9%Library$55.343.1%EMS$36.042.0%+ 911912019PropextyThSt.SiPadOnet17.%)—Coumy(11.3%)—OW(1O4%)CurrentYearPropertyTaxDistributionTaxstatementMobileHomes/CommercialPersonalProperty+tx,oSchoc(35%)1%)4TMcGeay6%)Torequestataxstatement,clicktheRequesttaxstatementbuttonbelow.Thestatementwillbemailedtotheaddressonfilewithin10workingdays.{_LRequestTaxStatementIfthenameormailingaddressonyourstatementisincorrect,visitthePropertyTaxFAQ-General/Statementsandscrolldowntothesectiontitled,HowdoIchangemymailingaddressorthe_nameonmystatement?tPropertyTaxInformationandCustomerService206-263-28904,5 911912019PropertyThx206-263-2844Treasury.PersonalPropefty@kingcounty.govTaxForeclosures206-263-2649TaxForeclosureskingçpunty.govMaintenanceAssessmentManagementSystemsLocalImprovementDistricts206-263-1893mams.Iid@kingcountyy•TYRelay711h!paymentJdngcoeny.govIHomendcX?appePropcrtyTaXcS&ScMCh3)199000055/5 334567INTHESUPERIORCOURTOfTHESTATEOfWASHINGTON$INANDFORCOUNTYOFKINGInre:CaseNO.19__2218459SE110D1J.ORDERFORTHEAPPOINTMENTOFALCREEKLLC,aWashingtoniiieiaiicompany.ASSIGNMENTFORTHEBENEFITOFCREDITORS1213_______________________________________14THISMATTERcamebeforetheCourtuponthemotion(‘Motion”)filedbyRoyalCreek15LLC(RoyalCreek”orthe‘Debtor”)andtheCourthavingconsideredthe:(1)Petitionto16AppointGeneralReceiver(2)AssignmentforBenefitofCreditors;(3)DeclarationofStuart17Heath;and(4)recordandfilescontainedtherein,andtheCourtbeingotherwisefullyadvised,18theCourtmakesthefollowingfindings:19A.Groundsexistfortheappointmentofageneralreceiverinaccordancewiththeterms20ofRCW7.60.025(1)(j)totakechargeoverallassetsofRoyalCreek,includingbutnotlimitedto21therealpropertydescribedinExhibitAheretotogetherwithallrights,title,andinterestsinand7723toallpresentandfuture:buildings,improvements,andtenementsrelatedtotherealproperty;allleasesandrentalagreementsrelatedtotherealproperty;securitydeposits,otherdeposits,storage24fees,andparkingfeesrelatedtoorarisingfromtherealproperty;allrent,revenue,income,25issues,profitsandotherbenefitsderivedfromrealproperty;allpersonalpropertylocatedonthe26ORDERAPPOINTINGGENERALRECEIVER-ILAWOFFICLSOFANTHONYS.WISEN,PLLC175?NWMarketSt..p709Seattle,WA981072064H.8720tonv.wisenlaw,corn 1realproperty;allmachinery,furniture,fixturesandequipmentlocatedontherealproperty;2permitsandlicensesrelatedtotherealproperty;andallbankaccountswhichderivefromor3relatetotherealproperty(“RoyalCreekProperty.”)43.Theappointmentofareceiverisreasonablynecessary.5Basedontheabove,itisherebyORDEREDthat:61.TheMotionisGRANTED.72.ElliottBayAssetSolutions,LLC(“ElliottBay”),whoseaddressis2535-152nd$AvenueNE,SuiteB2,Redmond,Washington98052(the“Receiver”)isherebyappointedas9receivertotakechargeovertheRoyalCreekPropertydescribedaboveandintheAssignmentfor10BenefitofCreditorsandallassetsoftheDebtor(collectively,the“ReceivershipEstate”).Stuart11HeathandWilliamWeisfield,PrincipalsofElliottBay,areAttorneysatLawandmembersof12theWashingtonStateBarAssociation.NeitherStuartHeath,WilliamWeisfield,norElliottBay13shallbedeemedtohaveprovidedlegalservicesorlegaladvicetoanyparty,entityorother14personbyvirtueofElliottBay’sservicesasReceiver.153.UnlessanduntilotherwiseorderedbytheCourt,theReceivershallbeaGeneral16Receiver,withexclusivepossessionandcontrolovertheDebtor,theRoyalCreekProperty,and17theReceivershipEstate,withthepowerandauthorityauthorizedbyRCW7.60.060,tomanage1$thesamewithallrightsandoptionsavaiLablewhichtheDebtormightmakeuseofintheordinary19courseoftheoperationoruseofitsassetsincluding,butnotlimitedto,thepurchaseandsaleof20goodsorservicestomanage,maintain.repair,complete,alter,improve,market,listandsellthe21RoyalCreekPropertyintheReceiver’sdiscretion,andborrowfundstoaccomplishthesame.224.TheReceiverisauthorizedtocollect,settle,andcompromiseandotherwise23liquidateanyandallrents,revenues,income,issues,profits,proceedsandotherbenefitsderived24fromtherealpropertyaswellassecuritydeposits,pre-paidrents,otherdeposits,storagefees,and25parkingfeesrelatedtoorarisingfromtheDebtor,theRoyalCreekProperty,andtheReceivership26Estate,includingfundsheldbytheCityofRenton,withoutfurtherorderofthisCourtor,intheORDERAPPOINTiNGGENERALRECEiVER-2LAWOFFICESOFANTHONYS.WISEN.PLLC1752NWMarkeiSt..6709Seaitle,WA98107206418.8720tony@wisenIaw.com IReceiver’ssolediscretion,withcourtapprovalonnoticeandhearingincludinganexpartebasis.2TheReceivermaytake,andisauthorizedtotake,allactionsnecessary’tomanage,maintain,3protect,repair,alter,improve.insure,market,listandselltheRoyalCreekProperty,manageand4liquidatetheRoyalCreekPropertyandproceeds,includingwithoutlimitationcompletingthe5RoyalCreekPropertywithimprovementssothatitbecomesreadyforsale.Relatingtothesame,6whenintheReceiver’sreasonablediscretion,certainprioritycreditors’ongoingservicesare7requiredtocompleteanyportionoftheRoyalCreekProperty,toprepareitforsale,their8outstandingvendorclaimsmaybepaidearlierthansimilarly-situatedcreditorsbasedontheir9statusas“criticalvendors.”105.TheReceivershallfilewiththeCourtareportoftheReceiver’soperationsand11financialaffairsinaccordancevithRCW7.60.100onaquarterlybasisfollowingcommencement12ofthereceivership.EachreportoftheReceivershallbeduebythelastdayofthefollowing13month,commencingDecember31.2019.146.TheReceiverisauthorizedtoperformlegal,accounting.consultingandtaxservices15withrespecttotheDebtor,theRoyalCreekProperty.andtheReceivershipEstate,asnecessitated16bythisproceedingorbylawinconnectionwiththeperformanceoftheReceiver’sduties.17However,theReceivershallbeundernoobligationtocompleteorfiletaxreturnsorother1$regulatoryorgovernmentalreports.197.TheReceiverandtheReceivershipEstateshallhavesoleandexclusivepossession20ofandcontrolovertheDebtor,theRoyalCreekProperty,andtheReceivershipEstate.The21Receiverisauthorizedtobringandprosecuteactionsfor(i)therecoveryand/orpossessionofthe22theDebtor,theRoyalCreekProperty,andtheReceivershipEstate;(ii)thecollectionofanysums23owingthatarisefromorrelatetotheDebtor.theRoyalCreekProperty,andtheReceivership24Estate;and(iii)theterminationofanyexistingleaseagreements,rentalagreements,option25agreements,and!oranyotheragreementsregardingpossessionoroccupancyoftheDebtor.the26RoyalCreekProperty,andtheReceivershipEstate.ORDERAPPOINTINGGENERALRECEiVER-3LAWOFFICESOFANTHONYS.WLSEN,I’LLC1752NWMarketSI.,I709Seattle.WA98107206.11$8720onywseniaw.eein 18.TheReceivermayopenandmaintainsuchbankaccountsasmaybenecessaryfor2thedepositofmoniescollectedorreceivedbytheReceiver.Suchbankaccountsshallnotbe3consideredlawyer’strustaccountsbutratherReceiverbankaccountsforuseinthisreceivership4proceedingpursuanttothisOrder.AnydepositsorproceedsofdepositsdepositedintheRoyal5CreekProperty’sbankaccountsshallbetransferredtotheReceiver’saccounts.69.PursuanttotheapplicableprovisionsofRCW7.60.110,theentryofthisOrder7operatesasastay,applicabletoallpersons,of:8a.Thecommencementorcontinuation,includingtheissuanceoremployment9ofprocess,ofajudicial,administrative,orotheractionorproceedingagainsttheDebtor,10theRoyalCreekProperty,andtheReceivershipEstatethatwasorcouldhavebeen11commencedbeforetheentryofthisOrder,ortorecoveraclaimagainstthepersonthat12arosebeforetheentryofthisOrder;13b.Theenforcement,againsttheDebtor,theRoyalCreekProperty,andthe14ReceivershipEstateofajudgmentobtainedbeforetheentryofthisOrder;15c.AnyacttoobtainpossessionoftheDebtor,theRoyalCreekProperty.and16theReceivershipEstateorbankaccountsfromtheReceiver,ortointerferewith,orexercise17controlovertheRoyalCreekProperty;18d.Anyacttocreate,perfect.orenforceanylienorclaimagainsttheDebtor,19theRoyalCreekProperty,andtheReceivershipEstate,ortheissuanceofanydefaultnotice20oraccelerationconcerningclaimsofmoniesowed.21Thestayastotheactsspecifiedaboveshallremaininplaceduringtheentirependencyof’22thisproceedingunlesstheCourtforgoodcauseshownentersanorderofthecourtliftingthestay,23afternoticeandahearing.2410.TheReceiverisauthorizedtoassumeorrejectexecutorycontractsandunexpired25leasesoftheDebtor,theRoyalCreekProperty,andtheReceivershipEstateastheReceiverdeems26tobeinthebestinterestsofthecreditorsgenerally.providedsuchassumptionorrejectionshallORDERAPPOINTINGGENERALRECEIVER-4LAWOFFICESOFANTHONYS.WISEN.PLLC1752NWMarketSt.709Seattle.WA98107206.418.8720tonwisenlaw.com 1requireafurtherorderofthisCourtuponappropriatenoticetothepartiesinaccordancewithRCW27.60.130.311.TheReceiverisauthorizedtopay,asoraftertheyhavebecomedue,allvalid4obligationsproperlyincurredinconnectionwithifsadministrationoftheDebtor,theRoyalCreek5Property,andtheReceivershipEstateortheexerciseofitsdutiesunderthisOrder.TheReceiver’s6authorizationunderthisparagraphdoesnotincludecompensationoftheReceiverorits7professionals,whichcompensationshallbesubjecttothetermsofthisOrder.812.Inordertoperformitsresponsibilities,theReceiverisauthorizedtocontractor9otherwiseprovideforgoods,materials,servicesandsuppliesasdeterminedbytheReceivertobe10necessaryandappropriate,andtopaysuchsumsastheReceiverdeterminestobereasonablefor11suchgoods,materials,servicesandsupplies.TheReceivermayemployasnon-professional12consultantssuchpersonsastheReceiverdeemsappropriate.1313.InaccordancewithRCW7.60.150,theReceiver,uponorderoftheCourtfollowing14noticeandahearing,andupontheconditionsortermsthecourtconsidersjustandproper,may15abandontheDebtor,theRoyalCreekProperty,ortheReceivershipEstateasburdensometothe16Receiverorofinconsequentialvalueorbenefit.Propertythatisabandonednolongerconstitutes17propertyofthereceivershipestatesubjecttotheautomaticstay.1814.NoobligationincurredbytheReceiverinthegoodfaithperformancebyitorits19members,principals,associates,contractors,and/oremployeesofitsdutiesinaccordancewith20theordersofthisCourt.excepttotheextentsuchservicesarefoundtohaveresultedfrom21willfulmisconductorfraudulentbehavior,whetherpursuanttoanycontract,byreasonofanyton,22orotherwiseshallbeitspersonalobligatiomrather,therecourseofanypersonorenthvto23whomtheReceiverbecomesobligatedinconnectionwiththeperformanceofitsresponsibilities,24shallbesolelyagainsttheDebtor,theRoyalCreekProperty.andtheReceivershipEstate.The25ReceivershallhavenopersonalobligationforanyobligationincurredbytheReceiverinthegood26ORDERAPPOINTINGGENERALRECEIVER-5LAWOFFICESOfANTHONYS.WISEN,PLLC1752NWMarketSt..709Stank,WA98107206418.8720tony’Lwiaenlaw.com 1faithperformanceofitsdutieshereunder,whetherpursuanttoanycontract,byreasonofanytort,2orotherwise.315.TheReceiverisauthorized,thoughnotrequired,toundertakesuchmaintenance,4repairs,alterationsorimprovementstotheRoyalCreekPropertyastheReceiverdeterminestobe5prudentforpreservationorprotectionoftheRoyalCreekPropertyorforthepurposesof6marketing,listingand/orsellingtheRoyalCreekProperty.716.TheReceiverisauthorizedtodoallthingsdeterminedbytheReceivertobe$necessarytoprotectandpreservetheRoyalCreekPropertyandtomaintainorenhanceitsvalue9orincome-producingpotential,includingbutnotnecessarilylimitedtoretainingproperty10managers,contractors,agentsandconsultants,andtoexercisingallofthepowers,dutiesand11otherauthoritiesasmaybeprovidedbylaworwhichmaybenecessaryinthefulfillmentofits12duties,andallpowerswhichanowneroftheDebtor,theRoyalCreekProperty,andthe13ReceivershipEstalemightexercisewithrespectthereto.1417.PursuanttoRCW7.60.060(3),theReceiver,withtheCourt’sapproval,after15fourteen(14)days’noticeofthehearingtothepartiesininterestandthosewhomayfileaproof16ofclaimand/ornoticeofappearance,max’use,sell,orleasetheDebtor,theRoyalCreekProperty,17andtheReceivershipEstate,oranypartthereof,otherthanintheordinarycourseofbusiness,18consistentwithRCW7.60.260.TheReceivershallalsobeentitled,initssolediscretion,toseek19entryofanOrderestablishingsaleproceduresforthesaleofthefifteen(15)anticipatedresidential20unitsmakinguptheRoyalCreekPropertyonten(10)days’noticetothepartiesininterestand21thosewhomayfileaproofofclaimandIornoticeofappearance.TheReceiver’ssaleofthe22RoyalCreekProperty,oranyportionthereof,shallbeeffectedfreeandclearofallotherliensand23ofallrightsofredemption,whethcrornotthesalewillgenerateproceedssufficienttofullysatisf’24allclaims,whetherallowedordisallowed,securedbytheRoyalCreekProperty.Uponanysale25freeandclearofliensinaccordancewiththisorder,allsecurityinterestsandotherliens,thatare26allowedclaims,encumberingtheRoyalCreekPropertytransferandattachtotheproceedsoftheORDERAPPOINTiNGGENERALRECEWER-6LAWOFFICESOFANTHONYS.WISEN,PLLC1752NWMarketSt.,#709Seattle.WA9810?206318.8720tonvtwisenlaw.cornzzE-l Isale,netofreasonableexpensesincurredinthedispositionoftheRoyalCreekProperty,orany2portionthereof,inthesameorder,priority,andvalidityasthelienshadwithrespecttotheProperty3immediatelybeforetheconveyance.41$.TheReceiverisauthorizedatitssolediscretiontoacquireorrenewall5governmentallicenses,permitsorotherauthorizations,eitherintheReceiver’snameorinthe6nameoftheownerofthePropertypertainingtothePropertyoranybusinessassociatedtherewith.719.Thepartiestothisproceeding,andtheirattorneys,shallcooperatewiththeReceiver$inconnectionwithitseffortstomanatae,maintain,repair.alter,protect.improve,complete,market,9listand/orselltheRoyalCreekProperty.Eachofthemshallrelinquishanddeliverpossession10oftheRoyalCreekPropertytotheReceiverimmediatelyuponitsdemand.Eachofthemis11enjoinedfrominterferingwiththeReceiver’sexclusivepossession,control,management,12maintenance,repair,alteration,improvement,completion.marketing.listingand!orsellingofthe13RoyalCreekProperty.EachofthemshallturnovertotheReceiveranyandallinformation,14documents,booksandrecordsthatreferorrelatetotheRoyalCreekProperty.Withoutlimiting15theforegoing,withintenbusinessdaysofthedateofthisOrder,RoyalCreekshalldelivertothe16Receiverallofthefollowing,totheextentthesameareintheirpossessionorunderitscontrol:17a.ExclusivepossessionandcontroloftheDebtor.theRoyalCreekProperty,andthe18ReceivershipEstate,includingdeliveryofallkeys,keycards,automaticgateordooropeners,and19accesscodesandpasswords;20b.Allstudies,reportsandlorplansthatreferorrelatetotheRoyalCreekProperty21including,withoutlimitation,studiesorreportsaddressingthebuildings,improvements,22tenements,geotechconditions,soils,surveys,maps,siteplans,wetlands,arborist,hydrology.23traffic,sitedistances.endangeredspecies,firealarmsorsuppression,wateranalysis,landuse,24engineering,architectural,andIorotherdevelopmentissuesincluding,withoutlimitation,25correspondencewithgovernmentaljurisdictions,licenseapplications,licenses,permit26applications,and/orpermits;ORDERAPPOINTINGGENERALRECEIVER-7LAWOFFICESOFANTHONYS.WISEN.PLLC1752NWMarketSt.,7O9Seattle.WA8lO72163l.K72ttirnvwisenlaweoin Ic.Copiesofallmaterialspertainingtoanypendingorthreatenedlitigationinvolving2theRoyalCreekProperty;3d.Copiesofallnotices,citations,complaints,petitionsandothercorrespondenceor4communicationofanynaturerelatingtoanyactualorallegedviolationsofornon-compliance5withanylawsorregulationsapplicabletotheRoyalCreekProperty;6e.AllcontractsandagreementsrelatingtotheRoyalCreekProperty,including,7withoutlimitation,allleases.rentalagreements.managementagreements,andvendorandservice$contracts;9f.Alldocumentsrelatingtomarketing,listingand/orsellingtheRoyalCreek10Propertyincluding,withoutlimitation,allofferstopurchasetheRoyalCreekPropertyoranypart11thereof12g.AscheduleofallemployeesemployedattheRoyalCreekProperty,settingforth13thename,salary,vacationandbenefitsforeachsuchemployee,andcopiesofallemployment14contractswithsuchemployees,ifany;15h.Copiesofrecentinvoicesandstatementsfromallutilityproviders,andschedules16ofallandalldepositsorotherfundsbeingheldbysuchutilityproviders;and17i.CopiesofallinsurancepoliciesapplicabletotheProperty,andthenamesand18addressesofallinsuranceagentsorcarrierrepresentatives.1920.TheReceiver’sfeesshallbebasedupontheusualandcustomaryhourlyratesof20personneltowhomthedutiesorfunctionsaredelegated.TheReceivershallbepaidas21compensationforactingastheReceiverhereinthesumof$325.00perhourforPrincipals,$150.0022perhotirforAssociatesIParalegals!LicensedAssistants/AccountingAssistants,$100.00per23hourforProjectCoordinators,and$75.00perhourforadministrativework.TheReceivershall24alsobereimbursedforat!third-partyexpensesatcost.ThepartiesandtheCourtrecognizethat25thesehourlyratesaresubjecttoperiodicreviewandadjustmentstoreflecteconomicorother26ORDERAPPOINTINGGENERALRECEIVER-$LAWOFFICESOfAWIlONYS.WISEN.PLLC1752NWMarketSt.,709Sai11e.WA98107206418.8720tonvwsiilaw.com IconditionsincludingchangesintheexperienceandexpertiseoftheReceiver’spersonnel.Royal2Creekisresponsibleforpaymentofanyfeesthataccrueinthiscaseforunpaidprofessionals.321.TheapprovedfeesandcostsoftheReceiveranditsattorneysorotherprofessionals4employedbyitpursuanttotheauthoritygrantedbythisCourt,togetherwithallothernecessary5andreasonableexpensesincurredbythisreceivership,shallbeafirstpositionlienagainstthe6RoyalCreekProperty.Anysecurityinterestsorliensofanyparty’tothisproceedingagainstthe7RoyalCreekPropertyisandshallbesubordinatetoallsuchreceivershipfees,costsandexpenses.8AllowanceandpaymentofthefeesoftheReceiverandofitsauthorizedattorneysorother9professionals,whetheronaninterimorfinalbasis,shallbemadeasprovidedinthisorderand10pursuanttoRCW7.60.180(4).1122.Withoutfurthernotice,thelawtirnofSalishSeaLegalPLLCisappointedand12authorizedtoactasattorneysfortheReceiveratadiscountedhourlyrateof$325perhour.1323.AnypartywisingtochallengetheappointmentoftheReceiverand/ortheterms14ofthisOrdermustdosowithin20daysoftheentryandsen’icebyU.S.firstclassmailofthis15Order.Failurebyapartytopresentanysuchobjectionsshallbedeemedasconsentfromtheparty,16whetherornottheyaresecured.1724.Uponten(10)days’noticetothepartiesandanyotherpartiesrequestingnotice,1$withoutfurtherorderoftheCourt,theReceivermayappointattorneys,accountants,realestate19brokers,landuseplanners,architects.engineers,environmentalconsultants,landdevelopment20consultants,contractors,vendors,andotherprofessionalstoassistitincarryingoutitsobligations21asReceiver.2225.TheReceiverisauthorizedtoengagerealestatebrokerstomarketandsellthe23RoyalCreekPropertywithoutfurtherorderofthecourt.StuartHeathandDavePinningare24principalsoftheReceiverandarealsolicensedrealestatebrokers.Theyown.respectively,25independentrealestatebrokerages,ElliottBayLandCompany,Inc.dbaBelimarkRealEstateand26WellesPinning.LLC.ElliottBayAssetSolutions.LLCisherebyauthorizedandempowered,ORDERAPPOINTINGGENERALRECE]VER-9LAWOFFICESDIANTHONYS.WISEN,PLLC1752NWMarkciSt,‘709Seanle.WA9I0720641g.8720tonywisenbwcorn 1withoutfurtherorderofthecourt,toretainElliottBayLandCompany,Inc.dbaBelirnark2RealEstateand!orWellesRinning,LLCastheexclusivelistingbrokersortheco-listingbrokers3tolistandmarkettheRoyalCreekPropertyandPropertyprovidedthattherealestatebroker4commissionsshallnotexceedsixpercent(6%)ofthesalesprice.IntheeventthattheReceiver5engagesElliottBayLandCompany,Inc.and/orWellesRinning,LLCastheexclusivelisting6brokersortheco-listingbrokersandElliottBayLandCompany,Inc.dbaBelimarkRealEstate7andIorWellesRinningispaidarealestatebroker’scommission,thentheReceivershallnotbe$paidanhourlyfeefortimespentperformingrealestatebrokerageservicestolistandmarketthe9RoyalCreekProperty.Uponten(10)days’noticetothepartiesandanyotherpartiesrequesting10notice,withoutfurtherorderoftheCourt,theReceivermayenterintoorassumelistingagreements11infurtheranceofthesaleoftheRoyalCreekProperty.1226.AfterpayingtheexpensesoftheReceivership,eachmonth,theReceiverinits13discretionwillestablishanoperatingreserveforon-goingexpenses.Afterestablishmentof14theoperatingreserve,allremainingnetproceedscollectedbytheReceivershallberetained15formanaging,maintaining,repairing,altering,improving,marketing,listingandsellingtheRoyal16CreekProperty,asprovidedforherein..1727.AnypartyassertingasecuredinterestintheRoyalCreekPropertyarisingpriorto18theappointmentoftheReceivershallsubmitaclaim,inwriting,byservingacopyofsuchclaim19upontheReceiverwithinninety(90)daysoftheentryofthisordertobeentitledtodistributions.20Suchclaimmuststatethenameandaddressofthecreditor,thenatureoftheclaim,theamount21owedasoftheentryofthisOrder,includethedocumentuponwhichtheasserteddebtisbased,22evidenceofperfectionoftheassertedinterestintheRoyalCreekProperty,andbesignedbythe23personassertingtheclaimoranauthorizedrepresentativeofsuchperson.Aclaimsubmittedin24conformitywiththerequirementsofthisparagraphshallconstituteprimaJadeevidenceofthe25validityandamountoftheassertedclaim.26ORDERAPPOINTINGGENERALRECEIVER-10LAWOFFICES012ANTHONYS.WISEN.PUC1752NWMarketSt..7O9Seattle.VA98107206418.8720tonyiwisenIaw.com 128.PursuanttoRCW7.60.060(3),theReceiveroranypartyininterestcanobjectto2theallowanceofanyclaimorthedisbursementofapaymentonalienclaimagainsttheRoyal3CreekPropertybyfollowingtheprocedureforobjectiontoandallowanceofclaimssetforthin4RCW7.60.220.529.TheReceivershipshallnotbeterminated,andtherightsandobligationsofthe6partiessubjecttothisOrdershallremaininfullforce,untilthiscourtapprovestheReceiver’sfinal7reportoruntilthecourtentersanorderterminatingtheReceivership.$30.NotwithstandinganyprovisionsofthisOrderwhichmaybeconstruedotherwise.9theReceivershallnotberequiredtoexpendanyofitsownfundstocomplywithanyofthe10provisionsofthisOrder.1131.TheCourtacknowledgestheReceiver’sabilitytoperformitsdutiesunderthis12Ordermaybelimitedbyvariousfactors,includingbutnotlimitedtoReceiver’slimitedaccessto13information.TheCourtthereforerequiresonlyReceiver’sbesteffortstocomplywiththeduties14setforthinthisOrderandtheReceivermayatanytimeapplytothisCourtforfurtherorother15instructions,orforamodificationofthisOrder,orforfurtherpowersnecessarytoenablethe16Receiverproperlytoperformitsduties,orforaterminationoftheReceiver’sappointment.1732.TheReceiverisauthorizedtorequestadvances(each,a“ReceivershipAdvance”)18fromtheprincipalsoftheDebtorand/orRoyalCreekPropertyinsuchamountsasmaybe19necessarytosatisfythefees,costsandexpensesofthereceivership;provided,however,thatany20ReceivershipAdvancemaybemadeinthesolediscretionoftheDebtorsand/orRoyalCreek21Property’sprincipals,otherthananinitialReceivershipAdvanceintheamotintof$40,000which22shallbemandatory’(the“InitialReceivershipAdvance”).TheInitialReceivershipAdvanceshall23berepaidassoonasitisdeemedfeasiblebytheReceiver,withoutneedofaCourtorder.Each24ReceivershipAdvancewillbetreatedasanadministrativeexpenseofthereceivership,andshall25besecuredbytheReceivershipEstate,andtothesameextent,asprioradvancesmadethereunder.26AnysuchReceivershipAdvancewillbesecuredbyafirst-prioritylienontheRoyalCreekORDERAPPOINTINGGENERALRECEIVER-11LAWOFFICESOFANTHONYS.WISEN,PLLC1752NWMarketSi.,709Seattle,WA98107206.41$8720tony(iwisenlawcorn IPropertyandtheReceivershipEstate,whichshaLlbebinding,perfected,andenforceablewithout2thenecessityforanyorfurtheraction.333.TheReceivershallhavenoliabilityfor,andshallnotbeobligatedtoundeflaIe,4anyclaim,remediationorcleanupwithrespecttohazardoussubstancesormaterialsexistingunder,5on,adjacentto,orabouttheRoyalCreekProperty.Anyliabilityrelatingtohazardous6substancesormaterialsshallbeattachedtotheRoyalCreekPropertyandnottheReceiver7personally.Receiver’smanagementorcontinuedoperationsoftheRoyalCreekPropertyshallnot$subjecttheReceivertoanyliabilityarisingfromorinconnectionwithanyclaim,remediationor9cleanupwithrespecttohazardoussubstancesunder,on,adjacentto,orabouttheRoyalCreek10Propertyoccurringasaresultofthecontinuingoperations.1134.Uponten(10)days’noticetothepartiesandanyotherpartiesrequestingnotice,12withoutfurtherorderoftheCourt,theReceivermayobtaindischarge.TheReceivershallbe13excusedfromtheneedtofileafinalreportandaccountingsettingforthallreceiptsand14disbursementsoftheestate.TheReceiver’sdischargepursuanttothetermsofthisParagraph15releasestheReceiverfromanyfurtherdutiesandresponsibilitiesasreceiverunderRCW7.60el16seq.1735.TheReceivershallposta$5,000.00bondwiththeClerkoftheCourttosecure18performanceoftheReceiver’sdutieshereunderpursuanttoRCW7.60.045.TheReceiveris19authorizedtopaytheinitialbondpremium,andforanyextensionthereof,fromfundsinhis20possessioninthereceivershipestate.21DONEINOPENCOURTthis20thdayofSeptember2019.23242526ORDERAPPOINTINGGENERALRECEIVER-12LAWOFFICESOFANTHONYS.WISEN.I’LLC1752NWMarkctSt..i7O’tScuttle.WA9810720o.3I8.8720tonviwiscnIaw.com IPresentedby:2AttorneysforRoyalCreekLLC3LawOfficesofAnthonyS.Wisen.PLLC4Bys/AnthonyWisenSAnthonyS.Wisen.W$BA#3965661752NWMarketStreet,#709Seattle.WA981077Phone:206-412-8720Email:tonyIwisen1aw.com8910111213141516171$1920212223242526ORDERAPPOINTINGGENERALRECEIVER-13LAWOFFICESOFANTHONYS.WISEN.E’LLC1752NWMarketSt..7tl9Seattle.WA¶)81072t)f.418.8720tonvwisen1wcotn EXHIBITA ffrAmericanIISSUED81FirstAmericanTitleInsuranceCompanyExhibit1AFileNo:4201-3194804FileNo.:4201-3194604ROYALCREEK,LLC,AWASHINGTONLIMITEDUABILTtYCOMPANYThEL4NDREFERREDTOHEREINBELOW15SiTUATEDINTHECOUNTYOFKING,STATEOFWA,ANDISDESCRIBEDPARCELA:TRACT1,KARRIESGARDENHOMETRACTS,ACCORDINGToTHEPLATTHEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON.PARCELB:ThESOUTH50FEETOFTRACT2,HARRIESGARDENHOMETRACTS,ACCORDINGTOTHEPLATThEREOFRECORDEDINVOLUME34OFPLATh,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON.PARCELC:ALLTHATPORTIONOFTRACT3,HARRIESGARDENHOMETRACTS,ACCORDINGTOThEPLATTHEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON;EXCEPTTHENORTh50.00FEETTHEREOF;ANDThATPORTIONOFThENORTH50FEETOFTRACT2,HARRIESGARDENHOMETRACTS,ACCORDINGTOThEPL.ATThEREOFRECORDEDINVOLUME34OFPLATS,PAGE(S)38,RECORDSOFKINGCOUNTY,WASHINGTON,MOREPARTICUI.ARLYDESCRIBEDASFOLLOWS:BEGINNINGATThENORTHEASTCORNEROFSAIDTRACT2,SAIDPOINTBEINGALSOONTHEWESTMARGINOFSUNSETBOULEVARDN.E(SUNSETHWY.).ASNOWESTABLISHEDANDSAIDPOINTBEINGANONTANGENTPOINTONACURVETOThELEFTFROMWHICHPOINTThERADIUSOFSAIDCURVEBEARSSOUTh78°23’41”EASTAT985.37FEET;ThENCESOUThERLYALONGTHEEASTLINEOFSAIDTRACTANDALONGSAIDCURVEANDMARGIN,ThROUGHACENTRALANGLEOF2°57’18’,ANARCDISTANCEOF50.82FEEtTOAPOINTOFNONTANGENCYFROMWHICHPOINTTHERADIUSOFSAIDCURVEBEARSSOUTh81°20’59”EASTAT985.37FEET,SAIDPOINTBEINGAlSOTHESOUThEASTCORNEROFThESAIDNORTH50FEETOFTRACT2;ThENCESOUTH89°51’OO”WEST,ALONGThESOUTHLINEOFSAIDNORTH50FEET,185.11FEETTOTHESOUThWESTCORNEROFSAIDNORTh50FEET;THENCENORTH15°10’30”WESTALONGTHEWESTLINEOFSAIDTRACTS2AND3,ADISTANCEOF103.54FEETTOThENORTHWESTCORNEROFTHESOUTH50.00FEETOFSAIDTRACT3;THENCENORTH89°51’OO’EASTALONGThENORThLINETHEREOF126.55FEET;THENCESOUTH00°09’OO’EAST50.00FEETTOAPOINTONThENORTHLINEOFSAIDTRACT2;THENCENORTh89°51’OO”EASTALONGSAIDLINE94.47FEETTOThEPOINTOFBEGINNLNG;Thispagesn4’apattofa2OJ6ALTACommitmentfor77thInsurancekgiedyfl,tAme,iceusfla’eJnsu,nceCompany.ThisCommiUl7efltiSnotv/1dwrthottheNo&e,theCnrnfb7,a’7ttoIssue.,ffc)ctheComrrdbr,entCondi,’wzs;Sthedti/eA;Sa,eduieB,PartI-Reqdremen;Sdedu/eB,PartflEtCopyright2006-201.6AmericanLandTitleAssociation.Allrightsreserved.-TheuseofthisFarmforanyderivativethereof)isresbcdtoALTAlicenseesandALTAmembersingoodstandingasofthedateofu.JIotherusesareprøhlbited.RapiintedunderlicensefromtheAme.-lcenLaidfltiessoiatior.orm50003700WA(8-23-18)ATJACommientforTrtleInsurancef8-1-164Washintont 12/15/2018RCW7.60.210:Submissionofclaimsingeneralreceiverships.RCW760.210Submissionofclaimsingeneralreceiverships.(1)Allclaims,whethercontingent,liquidated,unhiquidated,ordisputed,otherthanclaimsofcreditorswithsecurityinterestsinorotherliensagainstpropertyoftheestate,arisingpriortothereceiver’sappointment,mustbeservedinaccordancewiththischapter,andanyclaimnotsofiledisbarredfromparticipatinginanydistributiontocreditorsinanygeneralreceivership.(2)Claimsmustbeservedbydeliveringtheclaimtothegeneralreceiverwithinthirtydaysfromthedatenoticeisgivenbymailunderthissection,unlessthecourtreducesorextendstheperiodforcauseshown,exceptthataclaimarisingfromtherejectionofanexecutorycontractoranunexpiredleaseofthepersonoverwhosepropertythereceiverisappointedmaybefiledwithinthirtydaysaftertherejection.Claimsneednotbefiled.Claimsmustbeservedbystateagenciesonthegeneralreceiverwithinonehundredeightydaysfromthedatenoticeisgivenbymailunderthissection.(3)Claimsmustbeinwrittenformentitled“ProofofClaim,”settingforththenameandaddressofthecreditorandthenatureandamountoftheclaim,andexecutedbythecreditororthecreditor’sauthorizedagent.Whenaclaim,oraninterestinestatepropertyofsecuringtheclaim,isbasedonawriting,theoriginaloracopyofthewritingmustbeincludedasapartoftheproofofclaim,togetherwithevidenceofperfectionofanysecurityinterestorotherlienassertedbytheclaimant.(4)Aclaim,executedandservedinaccordancewiththissection,constitutesprimafadeevidenceofthevalidityandamountoftheclaim.[2OO4c16523.]NOTES:Purpose—Captionsnotlaw—2004c165:SeenotesfollowingRCW7.6O.OO.https:llapp.Ieg.wa.gov/rcwldefault.aspx?cite7.60.2101/1 234567$INTHESUPERIORCOURTOFTHESTATEOFWASHINGTONINANDFORTHECOUNTYOFKING910IntheReceivershipof:NO.19-2-24845-911ROYALCREEKLLC,aWASHINGTONNOTICEOFRECEIVERSHIPlimitedlibffitycompany.ANDDEADLINESTOFILE12PROOFSOFCLAIMS-FIRST1314TO:CreditorsofRoyalCreekLLC,andotherpartiesininterest:15PLEASETAKENOTICEthanonSeptember20,2019(the“AppointmentDate”)theKing16CountySuperiorCourtappointedElliottBayAssetSolutions,LLC,asGeneralReceiver(the17“Receiver”)overtheassetsofRoyalCreekLLCwhoselastknownaddressis:304AlaskanWaySouth,18Suite301,Seattle,Washington98104.PursuanttotheOrderfortheAppointmentofaGeneralReceiver19BasedonAssignmentfortheBenefitofCreditors,theReceiverhasassumedcontrolovertheassetsof20RoyalCreekLLC,including,withoutlimitation,therealpropertycommonlyknownasSunset’sEdgeTownhomesconsistingof15partiallyconstructedtownhomeslocatedat701—707SunsetBlvd.NEin21Renton,WashingtonandhasinithtedtheprocessofanorderlydispositionofRoyalCreekLLC’sassets,22includingwithoutlimitation,theabovereferencedproperty.23CorrespondencetotheReceivermaybesentto:24ElliottBayAssetSolutions,LLC252535—152”AvenueNortheast,SuiteB226Redmond,Washington98052&TOTJEOFRECEIVERSHIPELLIOTTBAYASSETSOLUTIONS,LLC2535-152NDAVENUENORTHEAST,SUITEB2—FIRST-iREDMOND,WASI-IINGTON98052TELEPHONE(425)881-8808 2Claims.TheReceiveriscurrentlynotabletopredictwhetheranyparticularclassofcreditorscanexpecttoreceivepaymentonclaimsforpre-receivershipdebtsowedtothem.Nonetheless,allpersonsandbusinesseswhobelievetheyareowedmoneybyRoyalCreekLLConaccountofanygoods,servicesorcreditprovidedtoRoyalCreekLLCbeforetheAppointmentDate,orwhoclaimto5haveanyotherobligationenforceableagainstRoyalCreekLLConaccountofanytransactionoccurring6beforetheAppointmentDatemustfileaProofofClaimwiththeKingCountySuperiorCourtanddeliveraproofofclaimtotheReceiverinordertoshareinanydistributionofassetstomembersoftheclaimant’sclassofcreditors.TheproofofclaimmustbefiledwiththeKingCountySuperiorCourtanddeliveredtotheReceiverattheaddresslistedabovenolaterthanthirtydaysafterthedateofthisNotice(November13,2019).Thebardateforstateagenciesortaxingauthoritiesisonehundredeighty(180)10daysafterthedateofthisNotice(April11,2020).CREDITORSWHOFAILTOTIMELYFILEA11CLAIMWILLNOTSHAREINANYDISTRIBUTION,SHOULDANYFUNDSBECOME12AVAILABLEFORSUCHDISTRIBUTION.13Claimsmustbeinwrittenformentitled“ProofofClaim,”settingforththenameandaddressof14thecreditorandthenatureandamountoftheclaim,andexecutedbythecreditororthecreditor’s15authorizedagent.Whenaclaim,oraninterestinestatepropertysecuringtheclaim,isbasedona16writing,thewritingmustbeincludedaspartoftheproofofclaim,togetherwithevidenceofperfectionofanysecurityinterestorotherlienassertedbytheclaimant.Asaconvenienceonly,aProofofClaim17formisattachedheretoasExhibitA.1819PLEASETAKEFURTHERNOTICEthatpursuanttoRCW7.60.110,theappointmentofa20receiverautomaticallystayscertaincollectionandotheractionsagainstRoyalCreekLLCorRoyalCreekLLC’sproperty.Theautomaticstayapplies,withoutlimitation,tothecommencementorcontinuation21.....ofcertainjudicial,administrative,orotheractionsorproceedings;theenforcementofajudgment;any22acttoobtainpossession,tointerferewith,ortoexercisecontroloverestateproperty;anyacttocreate,23perfectorenforcecertainliensorclaimsagainstestateproperty;andanyacttocollect,assess,orrecover24aclaimagainstthepersonthatarosepre-receivership.YouareadvisedtoreviewRCW7.60.110andall25otherapplicablecourtordersenteredinthisproceedingtodeterminethescopeandstatusoftheautomaticstay.Violationoftheautomaticstaymayresultinpenalties.26TOflOFRECEIVERSHIPELLIOTTBAYASSETSOLUTIONS,LLC2535-152NDAVENUENORTHEAST,SUITEB2—FIRST-2REDMOND,WASHINGTON98052TELEPHONE(425)881-8808 2RequestforSpecialNotice.PursuanttoRCW7.60.190(2),anypersoninterestedinthereceivershipasapartyorcreditormayserveupontheundersignedandifiewiththeClerkoftheCourtawrittennoticeofappearancestatingthathe/shedesiresspecialnoticeofanyandallproceedingsintheadministrationofthereceivership.5Dated:October11,2019atRedmond,Washington.6ELLIOTTBAYASSETSOLUTIONS,LLC$StuartHeath,Principal,WSBANo.1437211ElliottBayAssetSolutions,LLCCourtAppointedGeneralReceiver12forRoyalCreekLLC13141516171$1920212223242526T..TOTHOFRECEIVERSHIPELLIOTTBAYASSETSOLUTIONS,LLC2535-152NDAVENUENORTHEAST,SUITEB2—FIRST.3REDMOND,WASHINGTON98052TELEPHONE(425)881-8808 NOTICEOFRECEIVERSHIPANDDEADLINESTOFILEPROOFSOFCLAIMSEXHIBITAPROOFOFCLAIMFORMRoyalCreekLLC-ExhibitA-ProofofClaimSheet 234567$INTHESUPERIORCOURTOFTHESTATEOFWASHINGTONINANDFORTHECOUNTYOFKING910IntheReceivershipof:NO.19-2-24845-9ROYALCREEKLLC,aWASHINGTONPROOFOFCLAIM-FIRST12limitedliabilitycompany.13______________________________________________________14THISPROOFOFCLAIMFORMISTOBEUSEDFORCLAIMSARISINGPRIORTOTHEDATEOFAPPOINTMENTOFTHERECEWER:SEPTEMBER20,2019.AlLOWANCE16ORPAYMENTOFUNPAID,ACTUAL,NECESSARYCOSTSANDEXPENSESINCURRED17DURINGTHEADMINISTRATIONOFTHISPROCEEDINGMUSTBESOUGHTBYSEPARATEAPPLICATIONANDNOTBYPROOFOFCLAIM.1819NameofDebtor(s):RoyalCreekLLC20(theperson/entitywhosepropertyissubjecttothisreceivership)21NameofReceiver:ElliottBayAssetSolutions,LLC22ReturnthisClaimtoReceiver:23(bymailorhanddeliverytobereceivedbyReceiverbyapplicabledeadline)2425ElliottBayAssetSolutions,LLC2535—152ndAvenueNortheast,Suite8226Redmond,Washington98052PROOFOFCLAIM—FIRST-iELLIOTTBAYASSETSOLUTIONS,LLC2535-152NDAVENUENORTHEAST,SUITEB2REDMOND,WASHINGTON98052TELEPHONE(425)881-8808 CreditorName:2Nameandaddresswherenoticesshouldbesent:456Nameandaddresswherepaymentshouldbesent(ifdifferentfromabove):7________________________________________________________________$910TelephoneNumber(optional):12Emailaddress(optional):1314AmountofClaimasofdateoftheReceiver’sappointment:15Basisforclaim(Describethebasisforanyandallclaimsarisingpriortothereceiver’sappointment16andattachlegiblecopiesofallwrittendocumentsuponwhichtheclaimisbased,includingwithout17limitation,contracts,promissorynotes,invoices,purchaseorders,accountstatementsandthelike):192021Date(s)thedebttoyouwasincurred:____________________________________________22Ifyouhaveajudgment,indicatethedate,court,andcasenumber:____________________________232425Securedclaims:Ifyouassertasecuredclaim(asecurityinterestorliensecuringyourdaim),checkthespacebelow,describethenatureofthesecurityinterestorlien,andattachlegiblecopiesofalldocumentsevidencingthesecurityinterestorlienand,ifperfected,theperfectionofsuchsecurityPROOFOFCLAIM—FIRST-22535i52NDAVENUENORTHEAST,SUITEB2REDMOND,WASHINGTON98052TELEPHONE(425)881-8808 interestorlien(includingwithoutlimitation,mortgages,deedsoftrust,securityagreements,noticesofclaimoflien,UCCfinancingstatementsandthelike).Otherwise,leavethissectionblank.UIassertasecuredclaim.Descriptionofsecurityinterestorlienincludingidentificationandlocationofpropertysecuringtheclaim:UnsecuredPriorityclaims:Onlycertaintypesofunsecuredclaimshavestatutorypriority.IfyouassertstatutorypriorityforyourclaimunderRCW7.60.230,indicatethebasisfortheassertionofprioritybelowbycheckingtheapplicablespace.Otherwiseleavethissectionblank.Anyclaimorportionofanunsecuredclaimforwhichpriorityisnotassertedorallowablewillbetreatedasageneralunsecuredclaim.UEmployeeclaims:Dateincluded:Amount:ElDepositclaimsAmount:USupportdebtclaimsAmount:$RCW7.60.230(upto$2,425.00)$RCW7.60.230(f$UGovernmentaltaxclaimsRCW7.6O.23O(g)Amount:-Setoffs:HaveanysumsthatyouowetotheDebtorbeenoffsetagainstsumsowedbytheDebtortoyouinthecalculationofyourclaim?[jYes[]NoPROOFOFCLAIM-FIRST-3ELLIOTTBAYASSETSOLUTIONS,LLC2535-I52’°AVENUENORTHEAST,SUITE52REDMOND,WASHINGTON98052TELEPHONE(425)881-88081234567$910111213141516171$1920212223242526RCW7.60.230(d)(upto$10,950.00)to IIfso,whatamounthaveyouoffset?_ _ _ _ _ _ _ _ _____2Brieflydescribethenatureoftheoffsettingdebt(s):34VerificationandSignature:Theundersignedcertifiesunderthepenaltyofperjurythatall5informationregardinghis/her/itsclaim(s)istrueandcorrecttothebestofhis/her/itsinformationand6belief.TheundersignedcertifiesthattheDebtorisindebtedtotheclaimantintheamountshown,thatthereisnosecurityforthedebtotherthanthatstatedaboveorinanattachmenttothisform,andthatundersignedisauthorizedtomakethisclaim.[NOTE:Theremaybecriminalpenaltiesforpresentinga8fraudulentclaim.]910Date,signandprintthenameandtitle,ifany,ofthecreditororotherpersonauthoriaedtoifiethisclaim.111 2 DATED:___ __ __ __ _1314Signature151617PrintNameandTitle181920212223242526PROOFOFCLAIM—FIRST-4ELLIOTTBAYASSETSOLUTIONS,LLC2535-152NDAVENUENORTHEAST,SUITE32REDMOND,WASHINGTON98052TELEPHONE(425)881-8808