Contract analysis

1. UCC-1 Financing Statement (Form UCC1), original for filing, naming Palmetto Beachfront Hotels LLC as Debtor and Crescent Harbor Bank, National Association, as Collateral Agent, as Secured Party.

2. Filing fee payment in the amount of the standard Florida UCC-1 filing fee, submitted electronically through the Florida Secured Transaction Registry online filing system.

3. Exhibit A to the Financing Statement (Real Property Descriptions for Fixture Filing Purposes). Request for Acknowledgment: Upon completion of the filing, we respectfully request that an acknowledgment copy of the filed Financing Statement bearing the file-stamped date and the filing number assigned by the Florida Secured Transaction Registry be returned to the undersigned at the following address: Calderwood & Har

1. Companion Delaware UCC-1 Filings. UCC-1 Financing Statements filed with the Delaware Secretary of State on July 21, 2022, against each of the following entities: (a) Verimark Hospitality Group Inc.; (b) Verimark Resort Properties LLC; (c) VHG Management Services Inc.; (d) Verimark Convention Holdings LLC; and (e) Cascadia Hospitality Corp. These filings were prepared by Daniel Obi and reviewed by Sophie Tremblay u

2. UCC-3 Termination Statements — Greystone Federal Credit Corp. UCC-3 Financing Statement Amendments (Termination) filed on July 21, 2022, with the Florida Secured Transaction Registry and the Delaware Secretary of State, as applicable, to terminate all existing UCC-1 Financing Statements filed by or on behalf of Greystone Federal Credit Corp. (as former collateral agent) against Palmetto Beachfront Hotels LLC and t

3. Perfection Certificate. Perfection Certificate dated as of July 21, 2022, executed by Verimark Hospitality Group Inc. and the Guarantors (including Palmetto Beachfront Hotels LLC), delivered to the Collateral Agent and the Lenders on the Closing Date. The Perfection Certificate sets forth, among other things, the exact legal names, jurisdictions of organization, organizational identification numbers, prior names,

4. Pledge and Security Agreement. Pledge and Security Agreement dated as of July 21, 2022, among Verimark Hospitality Group Inc., the Guarantors party thereto (including Palmetto Beachfront Hotels LLC), and Crescent Harbor Bank, National Association, as Collateral Agent. This agreement constitutes the "security agreement" for purposes of Revised Article 9 of the UCC and authorizes the filing of this Financing Stateme

5. Master Closing Checklist. This UCC-1 Financing Statement corresponds to Item 7.3(b)(ii) on the Master Closing Checklist for the $700,000,000 Senior Secured Term Loan B Refinancing Transaction.

6. IP Security Agreement — USPTO and Copyright Office Filings. A separate intellectual Property Security Agreement dated as of July 21, 2022, was executed by the applicable Loan Parties and filed with the United States Patent and Trademark Office and the United States Copyright Office in July 2022. Those filings are covered under separate transmittal letters and are tracked under a separate line item on the Master Cl

7. Mortgages — Florida Properties. Mortgages covering the 12 Florida coastal resort hotel properties owned by Palmetto Beachfront Hotels LLC, executed in favor of Crescent Harbor Bank, National Association, as Collateral Agent, dated July 21, 2022. Recording of such Mortgages in the applicable county recording offices in the State of Florida is to be completed on or before August 5, 2022, pursuant to the Post-Closing